Ship and Yacht Registration and Finance
The Shipping Department is led by partner Peter Triay
Gibraltar has the only category 1 Red Ensign Register in the European Union (outside the United Kingdom). This is an important and privileged position when it comes to providing commercial shipping services through Gibraltar.
This position is further enhanced as a result of Gibraltar’s Treaty exemption from Value Added Tax and the benefits which flow from this exemption.
Due to its geographic and very strategic location, Gibraltar is now a major bunkering port in the Mediterranean and sits on the very gateway to one of the world’s busiest commercial shipping and yachting thoroughfares. Equally the climate and berthing facilities make Gibraltar an attractive yacht visit port. The growth in calls by merchant shipping, cruise vessels and yachts over the last few years has been exponential.
Registration of vessels in Gibraltar is an agile and competitively-priced transaction. The firm’s practitioners have wide-ranging experience in registration of vessels as indeed in financing and other maritime matters. The firm’s clients include owners of vessels, mortgagees, crew members and charterers.