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ARTICLE · 21 MAY 1998

Matters Maritime

GuernseyLitigation, Mediation & Arbitration
THE LOCATION

Over the years Guernsey has developed into a sophisticated business centre, providing management services for a growing number of International yachtsmen (Power and Sail),. These services comprise predominantly Corporate ownership and Registration under the British Flag.

THE PRODUCT

In accordance with the Merchant Shipping Acts of 1894, 1988 and 1993 those entitled to inscribe a yacht on the British Register of Shipping are a) British subjects; and b) bodies corporate established under and subject to the Laws of the United Kingdom or of some part of Her Majesty's Dominion, and having their principal place of business in the United Kingdom or those Dominions. Such registration enables the yacht to fly the "Red Ensign" - the most prestigious of maritime flags - and to enjoy the facilities of British Consular services worldwide, with the added advantage of being able to register a marine mortgage against the vessel.

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