TTM03675 - Qualifying companies and ships: Need to consider end-use of chartered ship

Definition

»Ê¹ÚÌåÓýapp definition of a qualifying ship and the rules governing the exclusion of certain ships, are framed in terms of the use made of the ship.

»Ê¹ÚÌåÓýapprefore where a company charters out a ship, the end use by the charterer is relevant in determining whether a ship is qualifying.

References

Qualifying ship: meaning TTM03500
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Non qualifying ships: at sea TTM03610

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