Vessel Ownership & Legal Responsibility

Fisheries Act

Does the law/regulation require information about the beneficial owner of the vessel?

  • Article 3

    "local fishing vessel" means a fishing vessel wholly owned and controlled by: (b) a company , society or other association of persons incorporated or established under the laws of Kiribati, at least 60% of which is beneficially owned by citizens or the Government of Kiribati; or citizens of Kiribati; or a joint venture, consortium or partnership arrangement or agreement in which at least 49% of the beneficial ownership and control of the joint venture, consortium or partnership is vested in or held by citizens or the Government of Kiribati.