Why Are Most Cruise Ships Registered In The Bahamas

However there are three.

Why are most cruise ships registered in the bahamas. CRUISE SHIPS OVERNIGHTING INCENTIVES CH344 3 LRO 12010 STATUTE LAW OF THE BAHAMAS CHAPTER 344 CRUISE SHIPS OVERNIGHTING INCENTIVES An Act to make provision for the grant of concessions for the purpose of encouraging the development of tourism in The Bahamas and for related matters. The entire point of flagging your ship in the Bahamas Malta or Liberia is that these nations are very hands off when it comes to taxes and regulations. Jones Act vs Passenger Vessel.

The BMA provides a straightforward cost effective and efficient registration procedure for private and charter yachts of 12 metres length and above and also passenger yachts. Most merchant ships flying Panamas flag belong to foreign owners wishing to avoid the stricter marine regulations imposed by their own countries. Some of the main advantages of registering a vessel under the Bahamian flag are set out below-.

Carnival Cruise Lines started under Panamanian flag with its Mardi Gras in 1972 and has remained largely loyal. That falls to the countries where the ships are registered to which cruise customers provide needed tourism dollars. The majority of cruise ships today are registered to Panama Liberia or the Bahamas.

The entire point of flagging your ship in the Bahamas Malta or Liberia is that these nations are very hands off when it comes to taxes and regulations. This means they register in another country and adopt a flag of convenience and in the cruise industry the preferred flag is that of the Bahamas. Most of its vessels are registered in Malta but a couple are flagged to the Bahamas.

The Bahamas has added an amendment to their emergency powers for the COVID-19 pandemic that will require all guests on cruise ships who are 12 years and older to be vaccinated. The new amendment. Taxes labor laws and safety regulations.

For a cruise line where a majority of their customers come from the US it makes sense to follow US traditions and customs. A ship registered in the us is governed by united states maritime law which specifies the wages that must be paid to crew the environmental safeguards that apply to waste. Take bahamas trips on cruise ships.