Why Are Most Cruise Ships Registered In The Bahamas

Most merchant ships flying Panamas flag belong to foreign owners wishing to avoid the stricter marine regulations imposed by their own countries.

Why are most cruise ships registered in the bahamas. Taxes labor laws and safety regulations. The cruise lines take advantage of an obscure provision in the US. The new amendment.

There are two main ports in the bahamas. 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. Tax code which permits shipping companies to evade taxes by incorporating overseas and flying the flags of foreign countries.

It has a young fleet. 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. Most of the big boats fly Bahamian flags but other popular registries include Panama Bermuda Italy Malta and the Netherlands.

Assent 6th November 1995. In fact according to Cruise Lines International Association 90. 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.

Representation and reputation of the flag in the international shipping community. Take bahamas trips on cruise ships. It is common for international shipping companies to fly flags of convenience and many cruise lines follow this model by registering ships in the Bahamas or Panama.

Book a bahamas cruise with cruise direct. However there are three. 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.