Regulation on Turkish International Ship Registry.

This Regulation lays down rules for the identification and implementation of the principles with regard to the registry transactions of the vessels, yachts and specially built vessels that are in the scope of the Law No. 4490 on the Turkish International Vessel Registry. This Regulation shall apply to (I) all vessels and yachts that are already registered on 21/12/1999 on which the Law No. 4490 entered into force, (II) vessels, yachts and specially built vessels regardless of tonnage limit, and (III) any kind of load or open sea fishing vessels above 3.000 DWT to be imported for commercial purposes and passenger crafts and specially built vessels above 300 gross tons. The vessels and yachts, which are built within the country for export purposes or built within the country for Turkish origin real persons or legal entities and then exported abroad and then imported in the country, shall be accepted as built within the country. This Regulation sets forth provisions on Office of the Turkish International Vessel Registry and Working Procedures with Liaison Offices; Registration, Cancelation and limitations, right of vessels and yachts registered in the Turkish International Vessel Registry to fly Turkish flag; validity of certificates; entrance to and exit from Turkey of foreign seafarers; social protection and working conditions of seafarers; and financial provisions.