The yachting industry, like many other travel related
industries, was initially hit hard by the Covid-19 pandemic.
However, we are now beginning to see signs of recovery in the area
of yacht sales and charters and the Cayman Islands continues to be
a key player in the vessel registration space in these
unprecedented times.
At Ogier, we have extensive experience in registering vessels
with the Cayman Islands Shipping Registry (the
CISR). This briefing note summarises the
registration process and sets out some of the key reasons for
registering vessels in the Cayman Islands.
Why Register?
There are a number of reasons for registering a vessel
including:
- to prove its nationality (an essential requirement for overseas
voyages);
