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Procedure

Bareboat charter means the hiring of a ship for a stipulated period which give the charterer possession and control of the ship, including the right to appoint the master and crew.
  1. A Mongolian ship may be bareboat chartered-out and registered elsewhere and its Mongolian registry temporarily closed (suspended). The procedure is as follows:
    1. Fax the following documents to the Registrar:
      1. Application for temporary closure;
      2. A certified copy of the charter-party;
      3. The Mongolian certificate of registry for the ship; and
      4. Letter of consent from mortgagee (if any);
    2. Registrar confirms application and the fees payable;
    3. Pay the fees (including at least 2 year's advance payment of the annual fees);
    4. Send the original documents specified above to the Registrar;
  2. Upon receipt of the original documents and fees, the ship's register will be temporarily closed for two years, which may be extended upon application.

  3. During the temporary closure of the registry of a Mongolian ship, mortgages may continue to be recorded in the register, and the annual tonnage tax will remain payable.

 
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