Ships

FA00/SCH22/PARA16 (1)(b) requires a qualifying company to operate ‘qualifying ships’ – in this context ‘ships’ can mean a single ship.

Operating a ship – meaning

The general rule is that a company is regarded as operating any ship that is:

owned by the company, or

chartered to the company

Exceptions

A company is not regarded as the operator of a ship:

where part only of the ship has been chartered to it (see below).

that has been chartered-out by it on bareboat charter terms, except as provided in FA00/SCH22/PARA18(4)-(6). See TTM03150

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