While conventional registry requires 51 per cent Malaysian ownership of the vessel, Malaysia International Ship Registry allows 100 per cent foreign equity and the registration fees are comparatively cheaper.
INTERNATIONAL SHIP REGISTRY PROCEDURE
Governing Law : Merchant Shipping Ordinance 1952, Part IIC.
International Port of Registry : Labuan
Shipowner Eligibility : Vessels must be owned by Non-Malaysian or corporation that satisfies the following conditions:
1. Incorporated in Malaysia;
2. An office of the corporation is in Malaysia;
3. The majority of the shareholding, including voting shares, of the corporation is held by Non-Malaysian citizens. Majority in this instance means 51% subject to such changes by the Minister.
Ship Manager Eligibility : The owner of a ship shall, before applying for a ship to be registered, appoint a ship manager whom shall be:
1. A Malaysian citizen having his permanent residence in Malaysia; or
2. A company incorporated in Malaysia and having its principal place of business in Malaysia
Vessel Age and Survey Requirements : No ship shall be registered under Malaysia International Ship Registry unless:
1. Ship is fitted with mechanical means of propulsion
2. Ship not less than 1,600 gross tonnage
3. The age of the ship :-
a. Not more than 15 years if it is tanker or a bulk carrier; or
b. Not more than 20 years if it is of type other than a tanker or a bulk carrier. Surveys are conducted by Ships Surveyor working under the direction of the Surveyor-General who may also authorized classification societies on his behalf.
Authorised Classification Societies : The following Classification Societies have been authorized to act on behalf of the Malaysia Government for the surveys and certifications:
1. American Bureau of Shipping (ABS)
2. Bureau Veritas (BV)
3. Det Norske Veritas (DNV)
4. Germanischer Lloyd (GL)
5. Lloyd's Register of Shipping (LRS)
6. Nippon Kaiji Kyokai (NKK)
7. Korean Register of Shipping (KR)
8. China Classification Society (CCS)
9. Indian Register of Shipping (IRS)
10. Russian Maritime Register of Shipping (RS)
11. Registro Italiano Navale (RINA)
12. Ship Classification Malaysia (SCM)
Statutory fees : Initial Registration Scale
Fee Vessels up to 50 tons gross - RM 10.00
Vessels over 50 to 100 tons - RM 15.00
Vessels over 100 to 200 tons - RM 20.00
Every additional 100 tons or fraction of 100 - RM 5.00
Certificate of Survey (COS)
The following fees are charged for the issuance of a Certificate of Survey:
Issuance of Certificate of Survey - RM 100.00
Inspection of the carving and marking - RM 30.00
Any other charges incurred directly by the Surveyor of Ships on inspection of the vessel if the inspection is conducted outside Malaysia - RM 230.00 per day or part of the day Annual Tonnage FeesAn annual tonnage fee of RM 0.30 per gross tonnage shall be paid by the owner of a ship at the time of the initial registration or renewal of registration of the ship and thereafter annually on or before the anniversary date of the initial registration or renewal of registration, as the case may be
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