The Isle of Man Ship registry has announced the introduction of a number of changes across its Registry structure including changes to its operating models and fees in order to bring the Registry in line with current and predicted client expectations.
The changes have been made following client feedback and an extensive internal review and aim to streamline processes, increase customer service, lower costs for customers, adapt to new international regulatory requirements and reward customers for investment in environmentally friendly technologies. the changes are expected to exceed current and predicted client expectations for a modern, progressive registry operation.
The proposed changes will provide full delegation of statutory surveys and inspections to classification societies as well as providing a new programme of Flag State Inspections to satisfy international Flag State obligations to the International Maritime Organization (IMO). Real value-added ship inspections and regulatory oversight will provide useful feedback for operators.
The Registry will also simply its fee scheme to provide a more competitive and predictable fee price structure to allow customers to budget more cost effectively for flag State costs. The consolidated fee scheme will also allow ship owners to make comparisons against the leading world flag States. Full Delegation to Class will also be given, allowing owners to take advantage of class block fee schemes.
Fees will be able to be reduced further by participation in the green ship incentives scheme, which allows a 10% reduction on fees to qualifying vessels.
A new Flag State Inspection programme will also be implemented. This will use exclusive surveyors to provide oversights into ship condition and operation, and enable monitoring of statutory work undertaken on behalf of the Isle of Man Ship Registry.
Dick Welsh, Director of the Isle of Man Ship Registry, commented: “This is a change we have been planning for some time. It is the game changing final step in the delegation to Recognised Organisations which will place the Isle of Man in a more competitive position whilst improving the service levels for which it is renowned.”
“We are announcing the change at this time in conjunction with the other Red Ensign registers and I see this as a major step forward in taking responsibility for our Flag State obligations”, he added.
The 2017 Change Development Consultation report can be viewed by clicking here.
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