Foreign flagged charter yachts that cruise to Turkish waters not affected by the recent announcements
The latest charter news coming out of Turkey involving the overturning of an announced ban on foreign-flagged yachts operating as charter vessels, has caused some confusion among international charter yacht operators.
IBI can confirm that only foreign flagged yachts that operate in Turkey and are also located in Turkey are affected from the latest developments of Turkish charter regulations because of Turkish cabotage rules that prevent commercial operation of foreign vessels between Turkish ports and along the coast.
Foreign flagged charter yachts that cruise to Turkish waters are not affected by the recent announcements.
Foreign flagged charter yachts that visit Turkey have been paying a fee per meter as a charter tax and follow an exit and re-entry procedure during the charter period - this will continue as normal.
Turkey’s coasts appeal to all types of charter including superyacht charters. There are nearly 20 local agents that give service to these foreign charter yachts. The coming season is expected to signal a recovery in the local market.