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Devon, EX3 0HQ
+44 (0)1392 872435
+44 (0)20 7127 8462
UK vessel registration – Pleasure craft and small ships can be registered on Part 1 of UK Ship Register or Part 3 of Small Ships Register. Contact YachtingLawyers to decide which registration option is best for you.
Although currently there is no legal requirement under English law for owners of yachts using their vessels for domestic purposes to be registered (although it may be required for insurance / marine mortgage purposes), there is a legal requirement under international law in respect of yachts going into foreign waters. So, if you are using your vessel in international waters we strongly recommend registering it.
Why register a vessel? – 5 good reasons to register your boat
Contact YachtingLawyers, we would be delighted to discuss your options and register your vessel on your behalf.
Corporate structures – Depending on whether you are going to use your vessel for pleasure or operate it commercially as a business YachtingLawyers can advise you on the various options for owning and operating your vessel and the advantages and disadvantages of each. These may include:
Tax & VAT considerations – Depending on how the vessel will be owned (privately or under a corporate structure) there will always be tax and VAT consequences, and these are issues which are always a primary concern when buying / selling / operating a boat. See our frequently asked questions on this issue. YachtingLawyers are on hand to guide you through the tax and VAT considerations associated with ownership, buying & selling and operating your vessel including advice on:
Take a look at our FAQs Yachting Tax & VAT Guide.
Registering mortgages & charges – If the vessel is registered on the UK Ship Register, you are able to register any interest you have against the vessel as a mortgage or charge. You may be a marine finance institution or marina which is owed outstanding mooring fees by a berth holder for example. Either way contact YachtingLawyers for advice and we can make an application to register a charge on your behalf.
Discharging mortgages – Similarly, if you have bought or sold a vessel which is subject to a marine mortgage (or other type of charge) you will want to ensure that once the mortgage or charge has been satisfied, it is discharged from the register. Contact YachtingLawyers about dealing with discharges on your behalf.
Insurance – Taking out insurance for your vessel is the best way to protect your boat. Read the YachtingLawyers Boating Insurance Guide and contact us to discuss early considerations when taking out insurance.