Funding Of Practical On-Board Training For Cadet Officers

In November 2015 the Cyprus government approved a scheme to subsidise practical training on board ships for deck and engine cadet officers. The Department of Merchant Shipping (DMS) has now announced the detailed conditions of the scheme and the procedure for claiming reimbursement. Under the scheme owners of Cyprus flagged vessels or owners of foreign flagged vessels, charterers or ship managers who are taxed under the Cyprus tonnage tax system may claim a subsidy for practical training of cadet officers carried out aboard vessels of at least 1,500 gross tonnes engaged in international voyages. In order to qualify for funding under the scheme the cadet officer must be a permanent resident of Cyprus and a graduate or student of a recognised merchant marine academy or a marine engineering, mechanical engineering or naval architecture university faculty.