What is SCV Coding?
Small Commercial Vessel (SCV) Coding is a legal requirement for any owner with a vessel of 24 metres (80') or less wishing to operate commercially. Commercial operation can simply be defined as use of a vessel to carry more than 12 passengers, or operating for any financial gain to the owner. This will include to individual passengers, a Charter Company, a Corporate Events Company or Sea School. The Code is upheld by the Maritime Coastguard Agency (MCA) on behalf of the British Government and refers to British flagged vessels only.
This is the fastest growing sector of our business, due largely to the growing trend for vessels of over 40 feet in length for private use. These boats are perfect for Charter, as they will comfortably hold the maximum number of passengers allowed under the code without being so big that you are excluded from Marinas. The Charter industry is undergoing a revival now that the big city firms are prospering again and the stock market is enjoying the best growth in years. Corporate events budgets are back in favour as a result of this upturn and during the year of Sea Britain 2005 there has never been a better year for Charter options. Chartering your new boat means a VAT reclaim as well as cash flow to pay off your running costs.
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