updated 6:19 PM PDT, Sep 5, 2017
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$1.4M In Fees Outstanding At Shipping Registry

The Virgin Islands Shipping Registry has some $1.4M outstanding in fees dating back to the 80s.

Acting Director of the registry, Mr Raman Balasubramanian, said that by December 2016, invoices had been prepared for fees that had not been paid for 3,000 vessels, which amounted to $1.4M.

He explained that it was as far back as the 70s, 80s and in some cases, the fees were not invoiced, but the ship owner had the responsibility to pay the fees.

The director however, said that the shipping registry collected $800,000 in revenue in 2016.

He went on to state that of the $1.4M outstanding, $160,000 was for the collection.

The director also said that there are 4,000 ships registered.

Last modified onWednesday, 29 March 2017 09:18
  • Source: BVIHotpress.com

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