Within our Registry a Yacht means a vessel that is intended for pleasure or sport, does not operate on a pre-determined route carrying fare paying passengers and does not carry cargo.
A Pleasure Yacht (PL Y) is a yacht that is not engaged in trade, the trade being the carriage of fare paying passengers, and therefore solely used by the owner for pleasure. As soon as the yacht is used by the owner to carry fare paying passengers the yacht becomes a Commercial Yacht (CM Y) and then is subject to greater regulation. And with all yachts as they increase in size the regulation increases (as per international convention) with the lower limit to be fully compliant with mandatory shipping regulation being 500GT.
- The Convention on the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs)
- International Convention for the Prevention of Pollution from Ships, 1973, as modified by the Protocol of 1978 relating thereto (MARPOL Annex I)
- Certificate of Registry, and
- Radio Licence
are mandatory for all vessels.
The COLREGs are sometimes known as the Rules Of The Road and provide an international legal structure for navigating vessels.