Why do so many yachts say Georgetown, CI on the stern?
anonymous
2008-12-26 21:22:34 UTC
I've noticed this while looking through pictures of large (100ft +) yachts. Is there something special about the Cayman Islands that appeals to yacht builders and owners?
Seven answers:
Richard C
2008-12-27 03:53:20 UTC
In nautical terms it's a flag of convenience. Which means that registration, taxes, or other considerations make it more convenient than other country's. Many merchant ships use Hong Kong or Panama. For Yachts, it's more convenient to use the Cayman Islands or the British Virgin Islands. but most still register with the U.S. Coast Guard, or the state in which they call Home Port.
Goddart
2015-08-18 20:37:57 UTC
This Site Might Help You.
RE:
Why do so many yachts say Georgetown, CI on the stern?
I've noticed this while looking through pictures of large (100ft +) yachts. Is there something special about the Cayman Islands that appeals to yacht builders and owners?
steppig
2016-10-01 03:31:48 UTC
Georgetown Ci
barrick
2016-12-18 14:29:43 UTC
George Town Ci
anonymous
2016-03-14 00:13:00 UTC
The Crusty Olde Barnacle
cat38skip
2008-12-26 21:38:03 UTC
Taxes, Insurance, Safety requirements. Anonymity of real ownership.
One giant tax-shelter money-laundering operation.
346
2016-07-18 15:56:30 UTC
the red ensign got more power than everyone knows
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