[TTM11126] TTM11126 – Offshore activities following Finance Act 2005: The special rules
The special rules apply to all qualifying ships (TTM03500) engaged in offshore activities (TTM11010), except to the extent that they are performing activities that are specifically excluded (see below).
•a vessel is time-chartered out to a service provider on long-term charter, and
•during the term of the charter the charterer utilises the vessel on the United Kingdom Sector of the Continental Shelf (UKCS)
the fact that the owner has no control over the vessel's area of operations does not prevent the special rules from taking effect.