XN000022-1992-04-09 — Page 15

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THURSDAY, APRIL 9, 1992

REGULATION ON SHIPS REGISTRATION FEES

CHARGES)

THE MERCHANT SHIPPING (REGISTRATION) (FEES AND

AT (AMENDMENT) REGULATION 1992, WHICH CAPS THE FIRST REGISTRATION FEE

SHIPS JOINING $100,000 AND THE ANNUAL TONNAGE CHARGE AT $180,000 FOR THE AUTONOMOUS HONG KONG SHIPPING TOMORROW (FRIDAY).

REGISTER,

WILL COME INTO EFFECT

THE ACTING ASSISTANT DIRECTOR OF MARINE (MULTI-LATERAL POLICY), A DISINCENTIVE MR LEE PING-KUEN, SAID: "THE REGULATION IS TO REMOVE ΤΟ REGISTRATION IN HONG KONG OF BIG SHIPS ABOVE REGISTERED.TONNAGE (GRT), PARTICULARLY THOSE OVER 60,000 GRT.

11

30,000

GROSS

AT

IS THE FIRST REGISTRATION FEE IS CAPPED AT $100,000 WHICH ABOUT 30,000 GRT AND THE ANNUAL TONNAGE CHARGE IS CAPPED AT $180,000 WHICH IS AT ABOUT 70,000 NET REGISTERED TONNAGE.

"THE CAPPING OF REGISTRATION FEE AND ANNUAL TONNAGE CHARGE IS AND TO BRING THE FEE STRUCTURE MORE INTO LINE WITH OVERSEAS PRACTICES TO ENHANCE THE ATTRACTIVENESS OF THE HONG KONG REGISTER TO THE

SHI POWNERS AS PART OF NUMBER OF NEW BUILDINGS ORDERED BY HONG KONG THEIR CURRENT FLEET REPLACEMENT PROGRAMME.

LARGE

It

INCLUDE "THESE NEW BUILDINGS

A SIGNIFICANT NUMBER LARGE CRUDE CARRIERS OF OVER 100,000 GRT AND CAPE-SIZE

DELIVERY OF OVER 60,000 GRT WHICH ARE SCHEDULED NEXT YEAR, HE SAID.

BULK

FOR

THIS

OF VERY CARRIERS YEAR

AND

+

THE REGULATION WILL BE GAZETTED TOMORROW (FRIDAY).

MR LEE EMPHASISED THAT THE REGISTRATION FEE AND ANNUAL CHARGE OF THE HONG KONG SHIPPING REGISTER WERE COMPETITIVE WITH RESPECTED SHIPPING REGISTERS IN THE WORLD.

TONNAGE OTHER

"THE FEES REFLECT THE QUALITY OF REGISTRATION AND PROFESSIONAL SUPPORT PROVIDED FOR SHIPOWNERS BOTH IN HONG KONG AND OVERSEAS.

NO

"THE HONG KONG SHIPPING REGISTER IS A QUALITY REGISTER WITH COMPROMISE ON SAFETY, POLLUTION PREVENTION AND OTHER REQUIREMENTS STIPULATED IN THE INTERNATIONAL MARITIME ORGANISATION INTERNATIONAL LABOUR ORGANISATION CONVENTIONS," MR LEE SAID.

AND

HONG 89 WERE

604 SHIPS ON THE AS AT MARCH 31 THIS YEAR, THERE WERE KONG SHIPPING REGISTER, OF WHICH 48 WERE OVER 60,000 GRT AND OVER 30,000 GRT.

INCLUDING 15 SHIPS OF KONG HONG

SHIPPING

THIRTY-FOUR SHIPS OF OVER 30,000 GRT,

GRT, HAVE OVER 60,000

JOINED THE AUTONOMOUS REGISTER SINCE IT WAS ESTABLISHED ON DECEMBER 3, 1990.

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