Fee Discounts

Fee Discounts

The following discounts are available to Isle of Man ships, subject to meeting to relevant criteria:

Any vessel that, on the date of registration, exceeds the MARPOL Annex VI EEDI reduction factors specified in Table 15, Schedule 10 of the Fees Regulations shall be eligible for a discount of 25% of the fee for the issue of the first full certificate of registration.

Merchant ships, commercial yachts and passenger ships will also receive a discount of 10% on the annual registration fee.

To qualify for the fees reduction, ship owners must submit a copy of the International Energy Efficiency (IEE) Certificate or pre-verification report to demonstrate that the ship’s attained Energy Efficiency Design Index (EEDI) reduction factor exceeds the IMO’s EEDI reduction factor requirements for that particular vessel ahead of the IMO’s implementation dates.

A fleet discount is available for a Company with multiple vessels on the Register at the time of registration of a vessel. Any such discount will be applied to the fee for the issue of the first full certificate of registry.

The level of the discount varies depending upon the number of ships in an operators fleet. It is calculated in accordance with the below table:

Number of Vessels on the Register Discount
0-9 0%
10-14 5%
15-24 10%
25-34 15%
35-49 20%
50 and above 25%

A discount of 50% will be applied to the annual registration fee for any of the following vessel types if they are technically managed from the Island:

  • Passenger Ships
  • Commercial Yachts
  • Demised Out Cargo Ships

'Technically managed from the Island' means –

(a) for ships of 500gt and over where the responsibility for the operation of the ship and all the duties and responsibilities imposed by the ISM Code are undertaken by the Company from the Island; or

(b) for ships under 500gt where the day to day operation of the ship is undertaken from the Island which includes – (i) the statutory certification of the ship; (ii) the operational safety of the ship; (iii) the manning of the ship; and (iv) anti-pollution measures.

Testimonials