CISAC Launches New Yacht Committee

by Amanda Banks, Tax-News.com, London

07 March 2007

The Cayman Islands Shipowners’ Advisory Council (CISAC) formed a new Yacht Committee at its twelfth annual conference, held over two days last month.

CISAC comprises shipping company representatives, owners, operators, managers and demise charterers with vessels of over 1500 gross tonnes which operate internationally, and are registered in the Cayman Islands. Some companies belonging to CISAC include Stolt Nielsen, Eurocarriers, Premuda and Sea Pioneer.

The meeting enables its members and the jurisdiction's maritime administration – the Maritime Authority of the Cayman Islands (MACI) - to engage in topical discussions. These talks are held with a view to maintaining and continually improving the quality of the administration, as well as promoting its interests in general.

The Yacht Committee was formed with the aim of maintaining the CISR’s position as the leading flag for large yachts. The Yacht Committee is made up of CISR key clients involved in the construction, management and operational aspects of Large Yachts, including companies such as Frasier Yachts, Nigel Burgess, Dohle Yacht Management, and Hill Robinson.

Some topics on the agenda for the CISAC meetings were issues such as Maritime Safety, with specific mention of Port State Control and Qualship 21. These discussions served to remind and update the CISAC and the CISR regarding current standards and regulations. Guest speaker from Lloyd’s Register, Alex Johnston, spoke on common structural rules for tankers and bulk carriers.

The Inaugural Yacht Committee meeting focused on the introduction of its Constitution and Rules of Procedure, as well as the election of its members. Topics discussed at the YC meeting included Crew Compliance and the Large Yacht Code 2.

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