ARTICLE · 23 JUNE 2016

Cayman Islands Guide To Ship Finance 2016

Harneys

This Cayman guide to ship finance provides an overview of the key shipping-related issues, legal system and laws in Cayman, and explores the following questions:

British Virgin IslandsWealth Management

Ellie Crespi-McCarthy

Louise Groom

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This Cayman guide to ship finance provides an overview of the key shipping-related issues, legal system and laws in Cayman, and explores the following questions:

Due diligence

1. How does one demonstrate title to or legal ownership of a vessel registered under the laws of your jurisdiction?

A certificate of registry issued by the Registrar of Shipping (the Registrar) at the Cayman Islands Shipping Registry (a Category 1 British Registry) (CISR) demonstrates title to or legal ownership of vessels registered in the Cayman Islands. Upon the transfer of a registered vessel, a bill of sale of a vessel or of shares therein shall be entered in the Register of Ships (the Register) in the order of production to the Registrar, and upon the transfer being registered the Registrar shall issue a new certificate of registry.

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Cayman Islands Guide To Ship Finance 2016

Due diligence

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