The bareboat charter registry permits ships to be bareboat charter registered into Denmark or ships in the Danish shipping registers to be registered under foreign flag on a bareboat charter. No fees are attached. No license or mortgages or any other rights can be registered in a ship that is bareboat charter registered into Denmark. Before the right to fly the Danish flag is granted, all Danish inspection and safety provisions – and international obligations - such as compliance with international conventions ratified by Denmark and EU legislation – should be met.
|No. of Ships||1475|
|Size Restrictions||1,600 grt|
|Ownership Requirements||More than half the shares in the ship must be owned by a Cypriot national, by a company established and having its registered office in Cyprus or (with specific authorisation) by a company registered outside of Cyprus but controlled by Cypriots. Applications for registration of ships must be made through Cypriot lawyers. At the time of registration the ship must be surveyed by an approved classification society.|
An application must be made on the appropriate application form and must be accompanied by the following:-
|Registration Fees||There is an Initial Registration Fee of 1 DKr per thousand of the contract price of second-hand tonnage. There is no Annual Fee levied. Fees are also payable to the Danish Welfare Board according to the number of seamen employed.|
|Approved Classification Societies||ABS, BV, GL, LRS, DNV, NKK.|
|Crew Nationality||There are no restrictions other than that the Master must be Danish (although on rare occasions dispensation from this requirement can be obtained). Certificates from STCW countries will generally be acceptable.|
|Parallel Registration||Not Permitted.|
|Flag of Convenience||No, although the status of the DIS is currently under review and changes to the register are expected.|
|Principal IMO Conventions Adopted||SOLAS, COLREG, MARPOL, STCW, INMARSAT, CLC, FUND.|
|Type of Mortgage||An account current or principal and interest statutory mortgage form is accepted and will need to be registered. There will normally be a separate Deed of Covenants which will also be subject to registration. Care should be taken to ascertain whether these documents also need to be registered in the relevant Companies Registry (within a specific time limit) if the owner is a body corporate. The mortgage and Deed of Covenants will normally need to be notarised and legalised.|
|Mortgage Registration Fee||A specific Danish form is required although ancillary documentation in English (e.g. Deed of Covenants) is permitted. The mortgage must be registered with the DIS.|
Fishing vessels and pleasure yachts cannot be registered.