Age limits of used submarines which are registered in Vietnam shall not exceed 10 years

10:50, 12/07/2017

This is a content mentioned at the Decree No. 171/2016/NĐ-CP of Vietnam’s Government on the registration, deregistration, purchase, sale and building of ships.

According to the Decree No. 171/2016/NĐ-CP of Vietnam’s Government, age limits of used foreign-flagged ships, submarines, submersibles, floating production storage and offloading units, and mobile offshore drilling units which are registered in Vietnam for the first time shall be provided for as follows:

- Passenger ships, submarines and submersibles: 10 years of age;

- Other ships, floating production storage and offloading units, and mobile offshore drilling units: Not more than 15 years of age;

- In special cases, age limits shall be decided by the Minister of Transport provided it shall not exceed 20 years and only apply to chemical tankers, ships carrying liquefied gases, oil tankers or floating production storage and offloading units.

Note: The above-mentioned age limits shall not apply to:

- Foreign-flagged ships which are under the ownership of foreign entities and sold at auction in Vietnam under decisions on enforcement of competent agencies.

- Vietnamese-flagged ships which are under the ownership of Vietnamese entities and have been deregistered for sailing under the Vietnamese flag in order to carry out the registration for sailing under foreign flags under the bareboat charter method.

View more details at the Decree No. 171/2016/NĐ-CP of Vietnam’s Government, effective from July 01, 2017.

- Thanh Lam -

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