Caribbean / Offshore - 24m to 500 GT
Cayman Islands registration: 24m to 500 GT vessels
Cayman Islands Shipping Registry (CISR)
3-5 weeksRegistration: USD 1,500-3,500/year
Registration requirements
- Full CISR commercial registration or private large yacht registration
- LY3 code compliance or MCA equivalent survey
- ISM Safety Management System (flag-discretionary at this tier but strongly recommended)
- Crew STCW certification per vessel schedule
- MARPOL compliance: oil record book, garbage management plan
Applicable regulations
- Large Yacht Code (LY3) or equivalent
- SOLAS Chapter V (Safety of Navigation)
- ISM Code (voluntary or flag-mandated)
- MLC 2006 (if crew employed)
- MARPOL Annex I/V
- ISPS Code (port entry)
Advantages
- CISR white-list PSC status globally
- Well-understood by charter brokers and port authorities
- Commercially flexible: private/charter switching possible
- No Cayman corporation tax or stamp duty on vessel transfer
Typical costs
Registration: USD 1,500-3,500/year; Annual survey fees: USD 3,000-8,000; LY3 class notation: additional
Processing time: 3-5 weeks
Frequently asked questions
Does CISR require ISM at the 24m-to-500GT tier?
CISR mandates ISM for vessels operating commercially. For privately registered vessels in this tier, ISM is voluntary but strongly encouraged by CISR for safety audit purposes.
How does CISR handle LY3 compliance for charter yachts?
CISR recognises the MCA Large Yacht Code (LY3) and Red Ensign equivalent codes. CISR surveyors audit to these standards or CISR's own Large Yacht Regulations.
What STCW requirements apply to Cayman-flagged yachts in this tier?
CISR requires all deck officers to hold appropriate STCW certificates. A 500GT vessel typically requires OOW 500GT, Master 3000GT, and valid GMDSS.
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