The Greek authorities have published guidance notes concerning the treatment of UK registered private yachts in Greece following the withdrawal of the United Kingdom from the European Union on the 31st December, 2020.
Prior to the issue of the guidance it was expected that all UK registered private yachts would have to apply for a limited term transit log whilst in Greek waters on the basis that they were holding a non-EU flag state registration.
The new guidance notes clarifies the position and splits UK privately registered yachts into two categories for transit log purposes as follows:
1. Private yachts In Free Circulation (effectively yachts that are considered to be EU VAT Paid):
These yachts will be able to apply for an unlimited transit log provided that they can demonstrate proof of EU VAT payment and declare that any EU VAT payment has not been reclaimed or lost.
2. Private yachts not in Free Circulation (effectively yachts that admitted into the EU under Temporary Admission):
These yachts will be able to apply for a limited transit log of six months duration provided that the conditions for Temporary Admission can be met. These logs are usually valid for six months but can be extended up to the 18 months maximum Temporary Admission discharge period.
The charter of all non-EU registered yachts, which now includes UK registered charter yachts, remains heavily restricted and in most cases prohibited due to Greek cabotage rules.
The formalities to obtain an unlimited or limited transit log can be complicated and should be approached on a case-by-case basis. We have a partnership with a Greek customs agent who can handle all associated formalities. Please do not hesitate to contact us for further information.
Alternatively for clients wishing to change their flag from a UK to an EU flag we would be happy to provide free no obligation proposals for re-registration to either the Malta or Polish flags.
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To answer some of the most frequently asked questions we have published the following guide: oceanskies.com/yachts/yacht-g… From 01/01/2021 through to 01/03/21 we’re offering a 10% discount on our UK flag yacht registration - see:oceanskies.com/yachts/yacht-g…DP #brexit #yachtregistratipic.twitter.com/ybUqiMST0ET0E
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