Tonnage Fees
Tonnage Measurement and Annual Tonnage Fee
Survey for tonnage measurement and issue of appropriate Tonnage Certificate under the Tonnage Regulations
| CI $ | US $ | |
|---|---|---|
| Under 24 metres in length3 | 369.00 | 450.00 |
| 24 metres in length3 and over | 738.00 | 900.00 |
3 "length" means the "TL" as defined in Regulation 2
Annual Tonnage Fee4 –
(a) For ships of less than 87,500 gross tonnage5:
| CI $ | US $ | |
|---|---|---|
| Minimum Annual Fee: | 246.00 | 300.00 |
| Per 100 gross tonnage for the first 1000 of the ship’s gross tonnage:6 | 41.00 | 50.00 |
| Per 100 gross tonnage above the first 1000 of the ship’s gross tonnage:7 | 13.77 | 16.79 |
4. Where, at the discretion of the Authority or otherwise, an Annual Tonnage Fee is refunded, in whole or in part, a service charge of $123 will be applied.
5. Where a ship of 87,500 gross tonnage or more does not meet the criteria set out in paragraph (c) then the Annual Tonnage Fee is to be calculated in accordance with paragraph (a).
6. The initial Fee will be pro-rated on a monthly basis for commercial ships of over 250 gross tonnage from the month of registration to the end of December for ships coming on to the Register after 31 January.
7. The Fee due for that part of a ship’s tonnage which is not an exact multiple of 100 will be calculated on a pro-rated basis to the nearest ton.
(b) Reduced Fees for ships of 87,500 gross tonnage or greater which meet the criteria set out in paragraph (c):
| Fixed Annual | Tonnage Fee | |
|---|---|---|
| CI $ | US $ | |
| Gross tonnage of 87,500 or more but less than 150,000: | 12,300.00 | 15,000.00 |
| Gross tonnage of 150,000 or more but less than 200,000: | 16,400.00 | 20,000.00 |
| Gross Tonnage of 200,000 or more but less than 250,000: | 20,500.00 | 25,000.00 |
| Gross Tonnage of 250, 000 or more: | 24,600.00 | 30,000.00 |
(c) Criteria to be met for ships of 87,500 gross tonnage or more under paragraph (b)-
- The ship is to be not more than 5 years old from the date of original build at the time of registration in the Cayman Islands;
- The ship is to be able to meet the requirements for it to be brought under the Cayman Islands Alternative Compliance Scheme (ACS) (See Shipping Notice No. [02/09] [CISR website] for full detail of the ACS); and
- The ship is to meet all other registration and operational requirements and standards applicable to it.
| |
|