Courtesy of SuperyachtNews.com
By Rory Jackson
Mark Robinson Maritime Consultants (MRMC) has completed the first Compliance Verification of a superyacht classified as a Yacht Engaged in Trade. The Yacht Engaged in Trade (YET) initiative is the brainchild of the Republic of the Marshall Islands Registry (RMI) and was announced at the Monaco Yacht Show (MYS) 2015. The system allows private superyachts over 24m, which are in possession of the necessary RMI YET certification, to temporarily charter in French and Monegasque waters for up to 84 inconsecutive days a year.
“MRMC has been working on the first YET since the initiative’s launch last year and we are delighted to have completed certification today. The yacht is now able to start making the most of all the benefits the scheme brings,” comments Mark Robinson, MRMC’s principle consultant and surveyor.