Faroe Maritime Management offers long-term tax refund solutions, where we bareboat charter vessels from foreign clients, arrange full ship management or part ship management services, flexibly responding to the needs of our clients.
By choosing the Bareboat solution the vessel can continue operating under its original flag, the ship owners do not have to use resources on flag change, company establishment, book-keeping, local accounting duties etc.
Faroe Maritime Management is certified according to Faroese tax legislation operating Bareboat chartered vessels.
All vessels will be manned according to MLC 2006 and Faroese legislation.
In order to do so the owner shall place a deposit and time-charter the vessel back from Faroe Maritime Management.
The owner decides where to place technical- and commercial management of the vessel.