Qualifying companies and ships: Pleasure craft
A ‘pleasure craft’ is defined as a vessel of a kind whose primary use is for the purposes of sport or recreation.
A vessel that has individual fare-paying passengers is not a pleasure craft. For example, a commercially operated cruise liner, although operated primarily for the recreation of its passengers, is not a pleasure craft.
A vessel that is chartered as a whole by its passengers, for example a holiday yacht, is a pleasure craft.
Chartered ‘as a whole’ will include charter by a passenger alone, or by passengers acting together, or by a third party acting on behalf of one or more of the passengers.
|FA00/SCH22/PARA20 (1)(b) and (3) (pleasure craft)||TTM17106|
|Need to consider end-user of chartered ship||TTM03675|