Closure of Registry

The registry of a Maltese yacht may be closed at the request of the owner provided all liabilities and obligations in respect of the yacht towards the State of Malta have been fulfilled and the consent of all registered mortgagees is produced.

Cancellation of registry by the Administration for non-compliance with the provisions of the law may also be effected after adequate time has been given to the owner to regularise matters and for financiers to take the necessary action to protect their interests.