Superyacht regulations eased
The Fijian Government is set to make changes to the Superyacht Charter Act.
20 July 2022
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After much lobbying, the Fijian Government will make changes to the current Superyacht Charter Act.
Changes will include the reduction in the minimum length requirement of a foreign flagged vessel chartering in Fiji from 24 meters to 18 meters and the charter fee being reduced from USD$55,000 to US$30,000 per week.
The full conditions and regulations of Fiji’s Superyacht Charter Licence are as follows:
- Yachts must be over 18 metres and have a minimum weekly gross charter rate of USD30,000.
- Yachts must have a valid Maritime and Coastguard Agency (MCA) certification or equivalent internationally recognised commercial survey for the purpose of carrying passengers.
- A fee of FJD$3,600 (USD$1,800) will be levied on each yacht for a Short-Term Charter Permit (STCP) that will cover six months and multiple Charters. STCPs can be renewed multiple times for a maximum stay of 18 months.
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- The Marine Safety Authority of Fiji (MSAF) will survey the yacht and issue a Coastal Trading Permit (CTP) required for each charter, with a cost of FJD$3,450 (USD$1,725).
- A superyacht charter fee of five percent is levied on the stated gross charter fee as disclosed on the charter contract.
- Charter contracts must be industry standard, either Mediterranean Yacht Brokers Association (MYBA), American Yacht Charter Association (AYCA) or another legally recognised charter contract.
- All applications for the Superyacht Charter Permit must be made through a recognised superyacht agent (Yacht Partners, Yacht Help and Seal Superyachts Fiji).
- Applications take 15 working days to process.
Documents required include a registration document, MCA or other commercial survey certificate, MYBA or another Charter Contract and crew list/crew certification.
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