1. PURPOSE
This Newsletter aims to inform all interested parties about the publication of Marine Circular: 10/26 by the Barbados Maritime Ship Registry. This Circular provides information on the Barbados Maritime Ship Registry's (BMSR) welcome of newbuilding vessel registrations, outlining the applicable requirements and the practical advantages of choosing Barbados as the flag State during the newbuilding stage.
2. BACKGROUND
The current international maritime environment presents Shipowners and operators with an opportunity to reconsider their flag selection, including during the construction phase of a vessel. BMSR recognizes that the newbuilding stage represents the most practical and administratively straightforward point at which to make a flag State decision, as there is no existing registration to close out, no CSR history to manage, and statutory certification and registration processes can be coordinated well in advance of delivery.
The full list of the BMSR Marine Circulars is available here
For the full text please follow the link below
For any questions or further assistance, please do not hesitate to contact us at technical@phrs.gr.