TNAG-0960-FCO40-1179-Legislation-for-merchant-shipping-in-Hong-Kong-1980 — Page 46

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Explanatory Note

The Merchant Shipping (Fees) Regulations

contain a licence fee payable in respect of floating

dry docks and floating workshops (Class VII vessels)

that tend to remain stationary in the waters of Hong

Kong. The fee is $1,100 for every 100 net registered

tons or part thereof. However, some of these Class VII

vessels occupy the sea bed under a lease, the terms of

which involves a rental for such occupation. These

regulations accordingly prescribe an appropriately

reduced licence fee for this type of Class VII vessels,

which takes into account the rental paid for the

occupation of the sea bed.