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

Definition

The 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.

Therefore 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
Non qualifying ships: at sea	TTM03610