Cayman Islands
The CISR maintains a head office in the Cayman Islands; a
European Regional Office in Southampton, UK in addition to
representatives in the United States; London, UK; Greece; Monaco;
Italy; Tokyo, Japan; Hong Kong and Singapore, enabling convenient
and cost-effective client services.
Today, nearly 1,800 vessels fly the Cayman flag, with another
250 or so "new builds" on the stocks. Services offered include
Registration, Survey and Certification, Crew Compliance, Vessel
Plan Approval and Construction Supervision and Maritime
Consultancy.
Registry services include: registration of both pleasure yachts
and commercial shipping interests; survey and certification -
highly professional survey services to Cayman-flagged vessels
globally, and to "new builds" irrespective of flag, ensuring ships
are built and maintained in accordance with international and
domestic legislation; vessel plan approval - detailed plan
review and guidance in support of the Survey and Certification
(irrespective of flag); construction supervision - attendance
at strategic points during the new build phase ensuring compliance
and providing guidance; maritime consultancy - innovative solutions
delivering cost-effective consulting on various issues through
informed and efficient expertise, and crew compliance - ensuring a
ship is safely manned and the crew properly trained, certificated
and medically fit.
Main advantages of flagging Cayman include: a solid political,
legal, fiscal, and social environment in a stable parliamentary
democracy since 1831; a strong, well-respected maritime heritage
with a 100+ year-old Register; an efficient, tax-neutral,
international finance jurisdiction (the world's 5th largest
offshore financial centre) offering a broad range of first-tier
financial and business services; modern, comprehensive,
maritime legislation based on English Common Law, allowing
flexibility for owners without compromising safety. and excellent
mortgage protection to secure the rights of mortgagees and
financiers; and a statutory authority of the Cayman Government
which provides a worldwide network of skilled professional
surveyors, auditors and registration personnel who embrace a common
corporate philosophy that values long-term relationships.
Other advantages: 24/7 client service coverage through a global
network in 10 geographic locations; a wide range of ownership
structures (individual, joint, company, and shipping entity);
registration options (full, interim, provisional, under
construction, and demise charter (bareboat), and the registration
of associated mortgages; an international Shipowners' Advisory
Council and a national Maritime Sector Consultative Committee of
leading maritime service providers; IMO participation; and three
Ports of choice - George Town, The Creek and Bloody Bay.