Merchant Vessels Fees

Merchant Vessel Fees

Please click below to view the fees that are applicable to Merchant Vessels. Further information on fees can be found in the current Regulations or a specific quotation can be requested by contacting us:

Please note that our Online Finance System now allows clients to view and pay invoices online - info here.

REGISTRATION FEES

   
Granting permission for a Manx ship to register in a demise charter registry other than in the Island (demise-out) £605
Demise-out vessel Annual Registration Fee £2,095 (1)
Cargo Ship Annual Registration Fee – See below -
Passenger Ship Annual Registration Fee – See below £2,095
Transfer of ownership by bill of sale or transmission £245
Issue of an updated CSR and new certificate of registry (where appropriate) £245
Replacement certificate of registry or a certified copy of the certificate of registry £94
Issue of a new certificate of registry if requested, following a change to the registered particulars which does not affect the CSR (if appropriate) £94
Change to the registered particulars which does not affect the CSR £37
Transfer of Registry £765
Transcript £42

(1) A discount of 50% is due on this fee if the vessel is technically managed from the Isle of Man.  Please see our Fee Discounts page for further information.

ANNUAL CARGO SHIP REGISTRATION FEE

The following Annual Registration Fees are only applicable to Cargo Ships (vessels which are not Passenger Ships, Commercial Yachts, fishing vessels, small ships or Pleasure Yachts).

Cargo Ship by Gross Tonnage Annual Registration Fee
Up to 3,000gt £3,950
3,001 to 10,000gt £4,515
10,001 to 50,000gt £5,080
50,001 to 100,000gt £5,645
100,001 and over £6,210

This fee is payable by all vessels on the register on the 1st of April each year.

The fee is payable on a pro-rata basis by any vessel registering after the 1st of April, this is calculated on a daily basis.

For example a 54,000 gt vessel registering on the 22nd of December 2019 would pay a pro-rata fee of £1,546.58 on registration. (£5,645 ÷ 365 x 100).

A 10% discount on this fee is available if the vessel meets our ‘Green Ship’ criteria. Please see our Fee Discounts page for further information.

ANNUAL PASSENGER SHIP REGISTRATION FEE

The annual fee payable by a Passenger Ship (or Passenger High Speed Craft) is set at £2,095.

A discount of 50% is due on this fee if the vessel is technically managed from the Isle of Man and an additional 10% discount is available if the vessel meets the ‘Green Ship’ criteria. Please see our Fee Discounts page for further information.

MORTGAGE FEES

Register of mortgage £245
Transfer of mortgage £245
Discharge of mortgage £245
Recording mortgage of intent £42
Vessel leaving the Register including closure documentation £365

SURVEY/AUDIT FEES

The Annual Registration Fee includes all fees for General Inspections carried out by the Isle of Man except for the Initial General Inspection and any additional inspection required outside of the normal requirements.

This fee does not include any fees charged by a Recognised Organisation for work they may complete.

The charges for an Initial General Inspection or additional inspection are as follows:

Surveyor travel (including cost of visas) and any port to ship or ship to port transfers Charged at cost
Work undertaken in the Isle of Man for vessel under 500gt £103/hr
Work undertaken in the Isle of Man for vessel over 500gt £103/hr
Work undertaken in the United Kingdom £3,490
Work undertaken in the European zone £3,490
Work undertaken in the Middle Eastern and Africa zone £3,490
Work undertaken in the Americas zone £3,490
Work undertaken in the Asian zone £3,490
Work undertaken in the Australasian zone £3,490
Waiting day fee £545

A map showing the geographic areas can be found here.

PASSENGER SHIPS

Passenger ships are treated somewhat differently when it comes to fees for survey and audit with fees being based on a ‘daily rate’ plus the cost of Surveyors travel and subsistence. Current fees for work within the Isle of Man are £755 per day and £1,420 per day anywhere else in the world. Surveyor down time (travelling or waiting) is charged at £545 per day no matter where. Passenger Ship Safety Certificates are issued by the Ship Registry and incur a fee of £370.

LIABILITY CERTIFICATES

Certificate of financial insurance or other financial security (CLC, Bunkers etc) for civil liability for oil pollution damage for a Manx ship £125
Certificate of financial insurance or other financial security (CLC, Bunkers etc) for civil liability for oil pollution damage for a ship not registered in the Island £255
Wreck removal insurance certificate for a Manx ship £125
Wreck removal insurance certificate for a ship not registered in the Island £255

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