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Private Yacht regulations in Malta extend Malta’s appeal
Transport Malta has introduced new guidelines that allow the carraige of more than twelve guests on board private superyachts. Until recently, private yachts were limited to the carriage of twelve guests only insofar that they were built in accordance to SOLAS and PYC and registered with a Red Ensign Flag. With the enactment of the new regulations, superyachts may be authorised to carry more than twelve passengers, insofar that the following requirements are met:
- Yacht has a length in excess of 24m;
- Yacht not navigate beyond 150 nautical miles from safe haven;
- Craft be in class and in possession of necessary stability booklet;
- Craft be in compliance with the Maltese Commercial Yacht Code and carry all appropriate saftey equipment, as well as a qualified crew;
- Craft must have a 100% full life raft capacity;
- Depending on tonnage requires a safety radio licence and valid class certificate (for yachts in excess of 500 gross tonnes)
Click Here to read more about Malta Yacht Registration Scheme
Although the aforesaid guidelines are intended to regulate vessels in excess of 500 gross tonnes, the aforesaid regulations, may, at the discretion of Transport Malta also be applied to crafts below the aforesaid tonnage. In all cases, the approval in the carriage capacity, shall be dependant on a survey report undertaken by an approved surveyor that shall certify seaworthiness of the vessel and installation and/or attainment of all safety equipments and/or qualifications with the projected carriage capacity.
The recent legislative installations are designed to widen Malta’s appeal as a strong, reputable and flexible maritime jurisdiction. The intention is to extend the highly advantageous fiscal and reputational advantageous of registering a yacht under the Maltese flag, with a holistic, logistical and operational regulatory framework.
