Fees And Taxes Payable By Shipping Companies

* REGISTRATION FEES

                   C£ per gross ton

Gross tons         Cargo ships      Passenger ships
Up to - 5.000          0,10           0,15
5.001 - 10.000         0,08           0,15
 Over - 10.000         0,04           0,15
Minimum fee          125,00         250,00
Maximum fee        3.000,00

The fee for a three month extension of the provisional registration 
is one half of the above fees.

* Fees on transfer, transmission, registration a new, mortgage and 
transfer of mortgages.


Gross tons         C£ per gross ton

Up to - 10.000       0,02
Over  - 10.000       0,01
Minimum fees paid   30,00

* Registration of mortgage, assignment or any other charge over the 
ship with the Registrar of Companies for any amount stated therein is 
C£300.

* Tonnage measurement fees


                               C£ per gross ton
Gross tons                   Cargo        Passenger

Up to - 49                    50,00        100,00
   50 - 1.599