Norwegian Navy Act

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"
Who owns the superyacht Ragnar?


Vladimir Strzhalkovsky

The huge vessel named Ragnar moored in Clydeport on its journey from sunny Gibraltar. The luxurious boat, which comes with it's own helipad is understood to be owned by Russian millionaire Vladimir Strzhalkovsky who previously worked for his homeland's notorious intelligence organisation the KGB."
 
Russian? All the photos I can find show a Maltese flag.
M.
The nationality of the beneficial owner has very little to do with the flag registry a vessel uses.
Check out how many dodgy old bulkers are registered in Liberia, then look at the number of Liberian bulker owners there are.
 
Can a flag state (in this context the UK) impound craft registered with its flag where ever they be, enlisting the help of local authorities ?
 
The nationality of the beneficial owner has very little to do with the flag registry a vessel uses.
Check out how many dodgy old bulkers are registered in Liberia, then look at the number of Liberian bulker owners there are.
Yes, well understood, but I suggest that it is not legal to detain a vessel (unless it has deficiencies / debts) just because the beneficial owner is a national of a pariah state.
There are many British Flag vessels/yachts with Russian beneficial owners, are you suggesting that these should be detained?
M.
 
Yes, well understood, but I suggest that it is not legal to detain a vessel (unless it has deficiencies / debts) just because the beneficial owner is a national of a pariah state.
There are many British Flag vessels/yachts with Russian beneficial owners, are you suggesting that these should be detained?
M.
Simply falsely accuse them of some made up offence under the Merchant Shipping Act. Board them, sieze the vessel and imprison any of the crew who object.

It's the new normal.
 
Yes, well understood, but I suggest that it is not legal to detain a vessel (unless it has deficiencies / debts) just because the beneficial owner is a national of a pariah state.
There are many British Flag vessels/yachts with Russian beneficial owners, are you suggesting that these should be detained?
M.
Yes
 
Yes, well understood, but I suggest that it is not legal to detain a vessel (unless it has deficiencies / debts) just because the beneficial owner is a national of a pariah state.
There are many British Flag vessels/yachts with Russian beneficial owners, are you suggesting that these should be detained?
M.
Financial Sanctions laws are much more far reaching and onerous than Merchant Shipping laws. Flag state of a vessel will be of little or no consequence.
The challenge will often be finding out the true beneficial ownership of a vessel, often buried through multiple company ownerships, some perhaps in the sort of tax havens that the UK has tended to show a blind eye to (not least as some rich UK residents use these to muddy their own waters)
 
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