ARTICLE
15 April 2024

Malta Introduced Small Commercial Yacht Code

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Papilio Services Limited

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Papilio Services Limited
Papilio Services Limited, established in 2012, is based in Malta with sister companies in the Netherlands and the Czech Republic. The firm boasts a multinational team and a diverse client base, providing cross-border solutions in Corporate, Tax Compliance, and Residency services on a global scale.
Transport Malta enacted the Small Commercial Yacht Code (sCYC) on March 20, 2024, through a Commercial Yachting Notice (CY12).
Malta Transport
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Transport Malta enacted the Small Commercial Yacht Code (sCYC) on March 20, 2024, through a Commercial Yachting Notice (CY12). The Small Commercial Yacht Code (sCYC) was developed in collaboration with various industry stakeholders, including Yacht Builders, Yacht Owners, Yacht Repair Yards, Specialised Service Providers, Manufacturers, Recognised Organisations, Appointed Government Surveyors, Yacht Management Companies and Associations to represent the industry as a whole.

The sCYC's objective is to further enhance regulatory standards to reflect better the yachting industry's needs, demands, and technology changes. It seeks to accommodate the special characteristics of small commercial boats while guaranteeing adherence to international safety norms.

Effective April 1, 2024, the sCYC will cater exclusively for small commercial yachts operating in the commercial sector and measuring between 12 and 24 metres in length, with a maximum of 12 passengers. Owners of commercial yachts falling under the sCYC can register them with the Merchant Shipping Directorate as of April 1, 2024.

As of June 1, 2024, existing commercial yachts under 24 metres in length that have already received certification under the Commercial Yacht Code are required to adhere to the sCYC's criteria by the time of their first renewal survey.

Should you require additional information regarding the Small Commercial Yacht Code (sCYC) and the Commercial Yachting Notice (CY12), or if you are interested in discussing other particular circumstances, such as yacht importation, yacht ownership structure setup, or any other Yachting & Shipping Services, please get in touch with us to schedule a consultation.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
15 April 2024

Malta Introduced Small Commercial Yacht Code

Malta Transport

Contributor

Papilio Services Limited
Papilio Services Limited, established in 2012, is based in Malta with sister companies in the Netherlands and the Czech Republic. The firm boasts a multinational team and a diverse client base, providing cross-border solutions in Corporate, Tax Compliance, and Residency services on a global scale.
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