Tonnage tax training obligations require shipping companies to provide trainees aboard qualifying ships or pay prescribed fees. Shipping companies under the tonnage tax scheme must maintain trainee officers on qualifying ships to meet an annual minimum training man days requirement calculated by ship ownership or charter type; trainee eligibility, recruitment through the Maritime Training Trust roster, fee collection and deposit procedures, record keeping, notification and annual reporting to the Director General of Shipping are prescribed, with verification powers, carry forward rules for limited shortfalls, and monetary payment options and penalties for significant non compliance.
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Provisions expressly mentioned in the judgment/order text.
Tonnage tax training obligations require shipping companies to provide trainees aboard qualifying ships or pay prescribed fees.
Shipping companies under the tonnage tax scheme must maintain trainee officers on qualifying ships to meet an annual minimum training man days requirement calculated by ship ownership or charter type; trainee eligibility, recruitment through the Maritime Training Trust roster, fee collection and deposit procedures, record keeping, notification and annual reporting to the Director General of Shipping are prescribed, with verification powers, carry forward rules for limited shortfalls, and monetary payment options and penalties for significant non compliance.
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