Flag Registration Services
OSPL provides flag registration services for shipowners including yacht owners, shipbrokers, builders, ship managers and legal advisers who wish to register commercial ships and pleasure boats under various flags.
Why Flag Registration?
Also known as vessel registration, flag registration is the documentation and nationality registry process for vessels. In order for a vessel to travel in international waters, it would require a nationality as proof of ownership of the vessel.
The country in which the vessel is registered under, known as the flag state, has regulatory control over the vessel. The flag state is required to conduct regular inspections, certify the ship’s equipment and crew, as well as issue safety and pollution prevention guidelines. There are different types of registry: Traditional Registry is only open to ships from its own nation, while Open Registries are open to foreign-owned ships.
How We Can Help
At OSPL, we offer various ship registries to best accommodate our client’s commercial commitments.
Benefits of flagging with one of our ship registries:
24-hour support services globally
No bureaucratic paper work: Simple and straightforward processes
No restrictions on ownership nationality
No restrictions on crew nationality
No income or capital gains tax
Personalized services to meet ship operator needs
Local deputy registrars for quick processing
Flag Registration Agents
a. Maritime Cook Islands
The Maritime Cook Islands is a corporate administrator of the Cook Islands Ships Registry, which aims to build a world-class Open Register for ships and yachts through Internet technology. It aims to be the flag of choice for quality-classed tonnage and super yachts.
It is signed to all of the major International Maritime Organization Conventions, including formal agreements with the IACS Classification Societies and has passed maritime legislation such as the Cook Islands Ship Registration Act 2007 and the Maritime Transports Act 2008.
The pros of registering with the Maritime Cook Islands:
The MARCI online registry will keep the Maritime Cook Islands up-to-date with vessel checks and certifications on the verge of expiration
A vast and international network of Deputy Registrars
No additional requirements beyond that stated in the IMO Conventions and the IACS Unified Interpretations
b. Sierra Leone Maritime Administration
The International Office of Sierra Leone Maritime Administration operates and governs a high-quality flag registry in accordance with the Sierra Leone Merchant Shipping Act 2003. It conducts strict vessels registrations and seafarers certification with the objectives of ensuring sea safety and protection of the marine environment.
Advantages of registering with Sierra Leone Maritime Administration:
Straightforward and easy registration procedure
Compliant with IMO conventions
Innovative online tracking system that monitors registered vessels
In collaboration with multiple international organizations which can issue the statutory certification
c. Panama Maritime Administration
The Panama Maritime Administration provides services to nation and international maritime industry with high standards and a framework of transparency through competent human resources. It is also a world leader in ship registration services.
With multiple international offices, statutory surveyor and Flag State inspector locations and technical support offices, The Panama Maritime Administration is a global and convenient choice for ship owners.
Let us help you register your vessels through our network of industry partners.
Pros of registering with the Panama:
Strongly efficient customer service with a global technical support network
Proactive participation in the IMO conventions
24-hour emergency support