January 2016

Why Isle of Man?

A quality flag which matches

clients expectations

A centre of maritime excellence

Building lasting relationships
Providing the ideal solution
Putting the client first

Great
LowService
Cost
High
Quality

Isle of Man offers support

Full Isle of Man Government support for

shipping

The right to fly the "Red Ensign" and

access the support of British consular
services world-wide

Technical support and information

provision for new conventions and
regulations e.g. ILO MLC & BWM
Convention

Isle of Man offers lower risk

The Isle of Man Ship Register is high quality and

one of the worlds best:

Paris MOU White List

Paris MOU low risk status
Tokyo MOU White List
Tokyo MOU low risk status

Less scrutiny of Isle of Man ships in ports around

the world

Complex and robust performance monitoring of

ships on the register

Isle of Man is business friendly

Easy for shipyards No change to standard specification

used e.g. for Panama

Pragmatic approach to regulation

Strong focus on customer service and relationship building
Parallel registration (demise-in or demise-out) available
Registry at out-of-hours times to suit shipyard delivery
In-house technical expertise , advice, and assistance.
Crew matters - simple & speedy STCW endorsements
24/7 assistance guaranteed
Surveyors in key locations

Isle of Man offers value

Keeping costs low by charging:

no tonnage dues
no annual inspection fees
no consular fees
no casualty investigation fees

High quality register with the prestige this brings

Discount scheme for multi-ship fleets registered (up to 25%)
Non-profit making maritime administration funded by government
Annual registry fee 1625 per year (approx. USD $2,500)
Block fee scheme available for survey and audit fees
Green ship incentive - fee reduction for eco-friendly ships

Growth of Register
Number of vessels
500
450
400
350
300

Ships
Superyachts

250

19

200
150
100
50
0
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015

17
15
13
11
9
7
5

Tonnage in Million GRT

Fleet by type (merchant ships)

Container Ship; 4% Others; 2%

Oil
Oil/Chem tanker; 9% Bulk Carrier; 17%

Supply

Tanker

AHTS
Cargo Ship; 16%

Oil/Chemical
Tanker

Oil Tanker; 19%

Dry Cargo
Gas
Carrier

Gas Carrier; 16%

Offshore vessel; 17%

Bulk
Carrier

Registry Statistics as at 31 December 2015

Merchant Ships >500GRT 365

Merchant Ships >500GRT (Demise-in)
Commercial Yacht >24m
77
Pleasure Yacht 364
Small Ships (local vessels <24m) 121
Fishing Vessels
72
Total
1035

Total Gross Registered Tonnage

Average Age 12.2 years

36478

14.8 million

Competition Top 20 flags by GRT(m)

250

200

150

100

50

Source: Clarkson Research Services

5 year Registry costs in USD

Cost comparison over 5 years

100000

75000

ISLE OF MAN
50000

SINGAPORE
HONG KONG
LIBERIA

25000

PANAMA
MARSHALL
ISLANDS

Denotes - Isle of Man office

Clients include:

Class Societies:

Pilot
Approval
Project in
process

Ownership
Ship Ownership structures are accepted from :
EU/EEA countries
UK Territories
British Commonwealth countries
Australia, Bahamas, Canada, China, Hong Kong, India,
Japan, Monaco, New Zealand, Pakistan, Russia, Singapore,
South Africa, South Korea, Switzerland, United Arab
Emirates, USA

Panama, Liberia, Marshall Islands

Crew matters
STCW endorsements

On-line application system (90+ users)

Extensive list of accepted countries
Simple and speedy process
90% issued within 5 working days

Manning

Flexible manning requirements

Safe Manning documents issued

ILO/ITF

Recognised by Shipping Unions (not FOC)

Crew complaints procedure direct to Flag

Survey coverage Isle of Man

surveyors

Miami | Rio | Hamburg | Palma | Nice | Singapore | Hong Kong | Shanghai | Manila

Developments in Asia
Business Development Manager (Asia)
Capt Raja Ray
Director
Ray Marine Services
captraja@gmail.com
+65 9822 4550

Over 40% tonnage from Asia

Agents in Tokyo - Mitsui-Soko
daisuke_yamamoto@mitsui-soko.co.jp

Growing presence for surveys:

Singapore; Manila; Hong Kong; Shanghai

KR Class pilot project for Approval

Tax agreements with: Singapore; Japan; China
and India

Developments in progress
Provisional Registration
extension of accepted countries add South
Korea
On-line Services:

Secure client access to MAVIS

Self-print STCW endorsements
Research and print transcripts
Registration upload documents etc.
On-line payments system

Full delegation to Class

Flag State Inspection regime
Revised and simplified fee structure

The Isle of Man

Secure and stable Government

Financially secure
Preferred flag by banks and insurers
Located in Europe but not EU member state
Tax friendly OECD white listed
0% corporate tax
British Isles but NOT part of UK
Independent of UK for Tax matters
VAT linked with UK
Shipping centre with maritime tradition

Dick Welsh
C.Eng; F.I.MarEST; M.I.Mech.E; Dip.IoD
Director

St. Georges Court

Upper Church Street
Douglas
Isle of Man
IM1 1EX
BRITISH ISLES
Tel: +44 (0)1624 688500
Mob: +44 (0)7624 451242
www.iomshipregistry.com