Qualifying companies and ships: Need to consider end-use of chartered ship
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.
|Qualifying ship: meaning||TTM03500|
|Non qualifying ships: at sea||TTM03610|