The new revised Commercial Yacht Code 2020 is applicable to all commercial yachts and is effective as from 1 January 2021.
The CYC 2020 is meant to better serve the needs of the yachting industry as it aims to optimise the regulatory regime to the particular needs, demands and technologies of the yachting market in conformity with safety and international regulations and standards.
Existing commercial yachts already certified in accordance to the Commercial Yacht Code 2015, shall comply with the requirements of the Commercial Yacht Code 2020 by not later than the yacht’s first periodical survey carried out after 1 June 2021.
The Authority for Transport in Malta and the Code itself lay particular emphasis on the phasing-in of new/optimised applicable requirements on existing yachts.
For more information about Yachting in Malta feel free to contact us.
Anthony Pace
Partner, Head of Tax
KPMG in Malta
