- Pens are offered to people
who have registered a suitable vessel on the
public waiting list first, if no acceptors
are found from the list the pen will be
advertised in other public media and on this web
site.
- Pen and Share purchase
gives you voting rights in general meetings and
access to a suitable pen until you move on or are
absent (cruising etc.) for more than six months
(may be extended, with permission of the
management board, up to three years on request)
- The Initial purchace price
is made up of:-
- a Once Only Fee which is
related to the size of the pen being occupied.
This is a figure that reflects the original
contribution made toward the purchace of the pens
from the PMA in 1994. It is adjusted to take
account of the annual CPI increaces so that, at
the date of any share transfer, it represents
neither a profit nor a loss for the seller.
- The residual Annual fee
applying for the pen from the start of the month
of transfer to June 31st of the current financial
year
- Minor Adjustments to
cover:- (about) $100 for residual dredging fees,
$50 share registration fee, $50 refundable key
deposit etc.
- You must produce evidence
of current insurance on your vessel before you
can take up the pen
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