Kukri
Well-known member
Judging by the advantages I would have thought more of a commercial decision.
https://mmtaxadvisors.com/blog/malta-commercial-yachts/
In a word: no.
Tax and flag have been decoupled for a long time, now.
Judging by the advantages I would have thought more of a commercial decision.
https://mmtaxadvisors.com/blog/malta-commercial-yachts/
In a word: no.
Tax and flag have been decoupled for a long time, now.
...We can’t expect people running a business to investigate the minutiae of each item of equipment in the way that you and I do....
With safety equipment? WTF! You are damn right we can!
With safety equipment? WTF! You are damn right we can!
My other hobby is rock and ice climbing, and I fully expect Black Diamond, Petzel, DMM and Kong to obsess. And they do! This gear has to work, all the time. Spinlocks problem is that they put gear on boats and test for wear ability. They test strictly according to the standard. But unlike climbing companies, they have failed to test for real world accident conditions. This resulted in inflatables that could not survive waves and surf. They lack the correct attitude for making safety gear, and have proven it repeatedly.
I think perhaps you are mistaking Minn's point. The business referred to in the quoted part was Clipper Ventures, not Spinlock.
The link Giblets provided seems to suggest otherwise. Could you explain a bit more?
Strip him of his Knighthood. The cad.
To put this another way, if Sir R K-J wanted to pay less tax on his operation, he would not need to re-flag in order to do so.
Indeed, so I assume that the re-flagging is to avoid further criticism from the MAIB. That could be an interesting idea to sell to prospective customers.
Clipper were under no obligation to buy from Spinlock - they had a choice and chose badly. Spinlock lost touch - but that does not absolve Clipper (nor Spinlock). I thought the investigation was focussed at decisions and choices made by Clipper (not the inadequacies of chosen suppliers).
Minn - sorry to be so uneducated - what are the implications to Malta registration (in terms of safety and potential loss of life).
Jonathan
As I understand it, the flag doesnt matter if there is an accident that involves a UK national. I was told that some years ago by a chap from the MCA Enforcement Unit, who I imagine you will agree, knew his potatos.
Happy to receive if anyone knows better?
Hmm.
I don’t see any real practical advantage in changing flag. If anything it looks bad from a PR point of view. I would have thought it would be much easier just to go along with the recommendations and MCA requirements.
Apparently clipper may be facing potential civil suits. Getting your assets out of the courts jurisdiction might make sense.
Particularly if those assets are mobile.
Those assets might be flagged in Malta but will be in the UK for a considerable period, before and after THE event and in-between times for PR (now that must be a joke?) events, call them fund raising.
I do not know the detail but I might suspect Spinlock was a sponsor or an approved supplier. The hooks were then supplied as part of the commercial package - that had little or nothing to do with technical excellence.
I have to assume they are insured and if there were any cases then that's one reason for insurance? If my ignorant assumptions are correct then JumbleDuck's comment looks more prominent - the smell just gets worse.
Jonathan