Malta Leasing – New Guidelines

As you may be aware, the Maltese Leasing Scheme was recently closed down following infraction proceedings with the EU Commission.

The Malta VAT Department have since issued a new set of Guidelines on leasing and two of the conditions that must be met are:

  • The beginning and end of the lease must be in Malta
  • The Lessor must maintain adequate and appropriate records to demonstrate effective use and enjoyment when sailing both inside & out of EU waters

We have have developed a tracking platform, OceanTracker, using software that is currently in use on over 10,000 vessels worldwide. The service is based on AIS as well as an InmarsatC terminal (if fitted).

The AIS tracking information is obtained from both terrestrial sources and also via satellite. This means that reports can be as frequent as every couple of minutes. The SatC tracking information provides an additional four positional reports per day to back up the AIS feeds. Both the AIS and SatC polling are extremely accurate. The positional information can be exported as a CSV log file showing all positional data relating to the vessel or, to Google Maps which provides a visual report of the vessels movements.

As part of the service, you receive a unique log-in to our secure system and we can also set up an automated email positioning report that will send you location notifications at intervals determined by you. This makes OceanTracker the perfect platform for meeting the new Maltese Guideline conditions.

We charge a £250 GBP set up fee and then the ongoing service is charged at £75 GBP per calendar month (volume discounts are available). This includes the 4 x SatC polls per day, unlimited Satellite AIS polls and comprehensive support for this tracking platform.

If you would like to learn more, please email sales@oceanweb.com.