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Malta has today become one of the largest and most reputable ship registers in the world. It has become a hub for international maritime services and the facilities it offers. This was enabled through the strong legal and regulatory platform which it has developed. Registering of a vessel in Malta represents numerous benefits for the ship owners including fiscal and structure benefits, pricing benefits and others.
Vessel registration under the Malta flag and the operation of Maltese ships is regulated by the Merchant Shipping Act ofa law based in the main on United Kingdom legislation but subsequently revised and amended in,and The main legislation is supplemented by a comprehensive set of rules and regulations.
Vessels eligible for registration under the Malta Flag: All types of vessels, from pleasure yachts to oil rigs, including vessels under construction, may be registered, provided that, inter alia, they are wholly owned by legally constituted corporate bodies or entities irrespective of nationality, or by European Union citizens.
The formation of a Maltese company is a straightforward operation; there are no nationality requirements as to both the shareholders and directors.
As a rule, trading ships of 25 years and over are not registered although in certain circumstances this may be considered. Ships of 20 years and over but under 25 years are required to undergo successfully an authorised flag State inspection prior to provisional registration.
Ships of 15 years and over but under 20 years are required to undergo successfully an inspection by an authorised flag State inspector before or within one month of provisional registration. Recognised Bodies by the Maltese Government: The following are the bodies which are recognized by the Maltese government in order for a vessel to be eligible for registration under the Maltese Flag: American Bureau of Shipping.Birds and insects are able to adjust their wing size and shape while they fly.
They have skeletal and vascular structures that morph into different shapes in order to compensate for the ideal conditions needed to maneuver effectively in the air.
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