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Parallel registration of vessels
A) Foreign registered vessel registered in parallel under Cyprus flag (Law 57/86)
1 Parallel registration if vessels is the registration of a vessel (for certain period of time) in the Cyprus Registry of Ships
whilst the vessel keeps her foreign registration.
Parallel registration is allowed provided the vessel is bareboat chartered by a Cyprus shipping company. Deletion from her previous
registry is not required, but during parallel registration the legal status of the vessel with her previous registry is suspended except
as far as the particulars of the vessel and the creation, registration and deletion of mortgages or other legal charges is concerned.
Bareboat chartering for the purpose of this law is the chartering during which the charter acquires (curing the time specified) the full
control and possession of the vessel, her maritime administration , operation and management, the right to appoint and dismiss the captain
and the crew, and the undertaking of the liabilities against third parties. In general the charterer is acting as if he were the owner of
the vessel, except for the right to sell or mortgage the vessel.
2 Once the vessel is qualified as above mentioned the registration is effected with the registration of the foreign vessel in the "special
Register for Parallel Registration of the Cyprus Registry" which is kept specially for this purpose and for such period of time as the
appropriate Minister shall approve subject to the following conditions:
- the law of the country of the foreign vessel's Registry allows the parallel registration of vessels registered in their registry
- the vessel fulfils the requirements of being registered under the Cyprus flag
- an application is made together with the following documents (duly certified):
- a copy of the charterparty (in lieu of the title of ownership and the declaration of ownership)
- a copy of the resolution of Directors of the bareboat charterers
- power of attorney
- written consent of the owner of the vessel
- written consent of the relevant appropriate authorities of the country where the vessel is registered, containing also a confirmation
as to the ownership and the mortgages or other legal charges of the vessel (if any exist)
- written consent of the mortgagees
- the documents required for the permanent registration of a vessel under the Cyprus flag
A new measurement of the tonnage of the vessel is not required as the certificate of survey and the tonnage certificate shall be issued on
the basis of the corresponding certificates of the foreign registry. Any new changes affecting the tonnage or the description of the vessel
follow the same rules applicable for the Cyprus Registry. In case of such changes the Cyprus Shipping Authorities shall notify the
appropriate maritime authorities of the foreign vessel.
No carving /marking note shall be issued.
1 During the time of parallel registration the vessel bears the Cyprus flag and the Cyprus port of registry. The vessel keeps the name
as registered in the foreign registry which is not permitted to be the same with a name registered in the Cyprus Registry. Any change of name,
however, is allowed upon the application of the charterer, accompanied by the written consent of the owners and mortgagee subject to the same
rules or the changes of name of vessels registered under the Cyprus flag). The shipping authorities of the country of the foreign vessel are
notified immediately after the change of name.
2 During the time of parallel registration the Cyprus authorities issue a Certificate of Parallel registration, similar to the Certificate
issued for vessels registered under the Cyprus flag. This certificate contains the same particulars applicable to ships registered under the
Cyprus flag, as well as the particulars of the shipowner, the charterer, the foreign registry and the time during which the vessel maintains
the parallel registration.
3 The extension of the status of parallel registration is allowed with the re-registration of the vessel in the "Special Register for
Parallel Registration of the Cyprus Registry" provided the same reasons and conditions are fulfilled as in the first instance.
4 Mortgages or other legal charges are not affected by parallel registration. Any mortgages or legal charge created after the date of
parallel registration may be registered in the foreign Registry according to the laws of the foreign Registry.
5 The transfer of ownership for any legal cause is governed by the law of the country of the foreign registry. Such transfer however
must be recorded in the "Special Registry for the Parallel Registration".
6 The revocation of the status of the parallel registration and the deletion from the "Special Register for Parallel Registration of
the Cyprus Registry" is made in the following cases:
7-in case the Shipping authorities of the company of the foreign vessel revoke their consent for such parallel registration
upon termination of the charterparty
upon the lapse of time for which the registration was made
if any of the reasons for the deletion of ships according to the Cyprus shipping Law exist.
As soon as such deletion takes place the Cyprus Shipping Authorities issue the relevant deletion certificate.
B)Parallel registration of Cyprus flag vessel under foreign Registry (Law 64/87)
Cyprus flag vessels are allowed to be registered in foreign Registries parallel with the their Cyprus registration under the following
conditions:
- the approval of the Ministry of Communications & Works is granted
- such approval is granted to ships permanently registered under the Cyprus flag; however the approval may be granted to vessels
registered provisionally under the Cyprus flag under certain conditions imposed by the Minster ;
- the application for the parallel registration must be made by the shipowner and must be accompanied by the following documents:
- copy of charterparty
- written consent of the charterers
- written consent of the relevant maritime authorities of the country of foreign registry and confirmation that the law of the country
allows parallel registration of the Cyprus flag vessel into its registry
- written consent of the mortgagees
- joint statement by the owner and the charterer that they undertake to furnish the Registrar, within one month with a certified copy
of the foreign certificate of the parallel registration and to notify every alteration effected to the name or other particulars of the
ship during the time the vessel is in parallel registration
The status of such parallel registration is in force for as long as the above conditions are adhered to. The Minister upon an application
made by the shipowner and with the consent of the mortgagees, may prolong that period if the reasons and/or conditions specified by the
law continue.
During the time of parallel registration the vessels bear the flag of the foreign registry.
The Cyprus certificate of registration of the vessel is returned to the Registrar who keeps it until the expiration of the status of the
parallel registration.
During the time of the parallel registration the Cyprus Registry is suspended except for the transfer of ownership, the existence, formation,
registration, transfer and deletion of mortgages.
The vessel, during that time, is subject to the same annual fees and other financial conditions (except crew fees and wireless or
radiotelegraphy fees) which are prepaid for the whole period of the parallel registration, at the time of approval.
Crews
According to the Merchant Shipping Laws 1963-1984 at least 15% of the crew of a Cyprus ship must be Cypriots but, in view of the
limited availability of such a number of Cypriot crew, the above conditions are not strictly observed and an application to pay CYP1
per month for every non Cypriot member (of the15%) of the crew is required.
The master of a ship may enter into an agreement with the shipowners and the seamen may also enter into an agreement either with
the master or the shipowner. Such agreement may be filed with the Director of the Department of Ports.
The crew of Cyprus ships must be qualified i.e. they should hold a Certificate of Competence granted by a competent authority of
either Cyprus or any one of the following countries:
| Argentina | Hungary | New Zeland |
| Australia | Hungary | Norway |
| Belgium | Iceland | Pakistan |
| Bulgaria | Indonesia | Poland |
| Czech republic | Ireland | Portugal |
| Cuba | Israel | Philippines |
| China P R | Italy | Romania |
| Canada | Japan | Russia |
| Croatia | Korea Republic | Singapore |
| Denmark | Latvia | Slovak Republic |
| Egypt | Lebanon | Spain |
| Finland | Liberia | Sri Lanka |
| France | Malaysia | Sweden |
| Germany | Malbives | Togo |
| Hong Kong | Netherlands | United Kingdom |
| | U.S.A |
All Certificates of Competence issued by the former States of USSR and Yugoslavia are also recognised.
Regulations relevant to the manning of Cyprus ships are based on internationally accepted standards, and are in line with the principles and guidelines of the relevant I.M.O. resolutions.
For the last years a Collective Agreement between the Trade Unions of Cyprus and the Shipowners Association has been in existence in order to regulate the wages, other emoluments and relevant matters such as hours of work, holidays etc. This agreement is recognised by the International Transport Federation (ITF) in cases in which the ship is owned by a Cypriot majority. In certain cases the Yellow Certificate issued by the ITF may be obtained.
Cyprus has also concluded agreements with Bulgaria, Peoples Republic of China, Romania, Russia, Syria, Poland, Sri Lanka, Philippines and Egypt containing provisions amongst others, for the employment of qualified seamen from those countries in Cyprus flag vessels.
Classification Societies recognised in Cyprus
- Lloyds Register of Shipping, London (UK)
- American Bureau of Shipping, New York (USA)
- Det Norske Veritas, Oslo (Norway
- Bureau Veritas, Paris (France)
- Germanischer Lloyd, Berlin (Germany)
- Registro Italiano Novale, Rome (Italy)
- Ellinikos Niognomon, Athens (Greece)
- Registrul Naval Roman, Bucharest (Romania)
- Polski Rejest Statkow, Warsaw (Poland)
Accounting Authorities
All owners of ships are required to appoint international accounting authorities, approved by the Government of Cyprus to undertake
the clearance of their accounts with the Telecommunications Authorities in the different countries which serve them. A copy of the
contracxt witnessing Authority must be submitted to the Registrar of ships together with a for a radio licence.
Copies of the renewals of such contracts must be subsequently al.
In case of transfer of ownership a confirmation by the Accounting Authority new contract has been signed must be sent. A copy
of that submitted thereafter within six months. Pleasure yachts using only are excluded from the requirement of appointing
an accounting authority.
The following Accounting Authorities have so far been approved by the Cyprus Government.
International Conventions
The following international conventions have been ratified by Cyprus:
- The International Load Line Convention 1966 (LL1966)
- The International Tonnage Measurement of ships Convention 1969 (Tonnage 1969)
- The International Convention of the Safety of Life at Sea 1974 as amended (Solas 74 as amended)
- Protocol of 1978 relating to the international convention on the Safety of Life at Sea 1974, as amended (SOLASPROT. 1978 as
amended)
- The International Regulations for the Prevention of Collision at Sea 1972 as amended (COLREGS 72as amended)
- Protocol of 1978 relating to the international convention for the Prevention of Pollution from ships, 1973 as amended
(MARPOL 73/78 as amended) (Annexes 1, 11andV)
Fees
Government fees, stamp duties an other fees for the registration/re-registration/transfer/mortgage/measurement of
ship/radio licence/inspection etc may be obtained on request from our offices.
Double Tax Treaties
Cyprus has concluded an impressive number of tax treaties with other countries.
These are:
| Armenia | Austria | Azerbaijan |
| Belarus | Belgium | Bulgaria |
| Canada | China | Czech Republic |
| Denmark | Egypt | France |
| Germany | Greece | Hungary |
| India | Italy | Kuwait |
| Kyrgyztan | Malta | Mauritius |
| Moldova | Norway | Poland |
| Romania | Russia | Slovak Republic |
| Slovenia | South Africa | Sweden |
| Syria | Thailand | Tajikistan |
| Turkmenistan | Ukraine | United Kingdom |
| USA | Uzbekistan | Yugoslavia |
Double Tax Treaties with Belgium and Finland are currently being negotiated. |
| A. Received in Cyprus | Dividends | Royalties Interest |
| Armenia | | |
| Austria | | |
| Azerbaijan | | |
| Belarus | | |
| Belgium | | |
| Bulgaria | | |
| Canada | | |
| China | | |
| Czech Republic | | |
| Denmark | | |
| Egypt | | |
| France | | |
| Germany | | |
| Greece | | |
| Hungary | | |
| India | | |
| Italy | | |
| Kuwait | | |
| Kyrgyztan | | |
| Malta | | |
| Mauritius | | |
| Moldova | | |
| Poland | | |
| Romania | | |
| Russia | | |
| Slovak Republic | | |
| Slovenia | | |
| South Africa | | |
| Sweden | | |
| Syria | | |
| Thailand | | |
| Tajikistan | | |
| Turkmenistan | | |
| Ukraine | | |
| United Kingdom | | |
| USA | | |
| Uzbekistan | | |
| Yugoslavia | | |
| Yugoslavia | | |
|
| A. Received in Cyprus | Dividends | Royalties Interest |
| Armenia | | |
| Austria | | |
| Azerbaijan | | |
| Belarus | | |
| Belgium | | |
| Bulgaria | | |
| Canada | | |
| Canada | | |
| China | | |
| Czech Republic | | |
| Denmark | | |
| Egypt | | |
| France | | |
| Germany | | |
| Greece | | |
| Greece | | |
| Hungary | | |
| India | | |
| Italy | | |
| Kuwait | | |
| Kyrgyztan | | |
| Mauritius | | |
| Moldova | | |
| Norway | | |
| Poland | | |
| Romania | | |
| Russia | | |
| Slovak Republic | | |
| Slovenia | | |
| South Africa | | |
| Sweden | | |
| Syria | | |
| Thailand | | |
| Tajikistan | | |
| Turkmenistan | | |
| Ukraine | | |
| United Kingdom | | |
| USA | | |
| Uzbekistan | | |
| Yugoslavia | | |
|