Management - YET Scheme
05 Feb 2018
The Yacht Engaged in Trade (YET) Scheme, adopted by the Marshall Islands and more recently the Cayman Islands explains processes to be followed for a private yacht to obtain a YET Compliance Certificate and a Temporary Certificate of Registry for YET (Temporary COR YET).
This authorizes the yacht to charter for up to 84 days per calendar year in EU waters (currently limited to France and Monaco) and is a guideline that applies to private registered yachts of 24m or over that will charter in EU waters, who comply fully with the requirements for commercial yachts of the relevant Large Yacht Codes, as well as all other applicable national and international requirements.