Norway to allow bareboat registration

The regulatory amendment to allow bareboat registration and deregistration applies to both the from the Norwegian International Ship Register (NIS) and the Norwegian Ordinary Ship Register (NOR).

“The bareboat registration may increase the number of Norwegian ships flying the Norwegian flag and boost the employment of Norwegian seafarers. This will provide the industry with access to new markets and, at the same time, prevent permanent deregistration from Norwegian ship registers,” said Norwegian Minister of Trade and Industry, Iselin Nybø.

Lars Alvestad, Norway’s director deneral of Shipping and Navigation said: “Bareboat is a common form of hiring ships in international shipping, and the new rules can contribute to more ships being registered in the Norwegian ship registers and prevent ships from flagging out. Today, many ship registers in other countries allow for such registration. Permitting bareboat registration in Norway will further strengthen the Norwegian flag and the Norwegian ship registers’ competitiveness.”

The bareboat charter registration into and deregistration from the Norwegian ship registers has a validity of 10 years, with a five year extension possible.