Duty-free fuel for mega yachts in the British Virgin Islands?

Yes, it’s true! The British Virgin Islands government has announced that ...

Duty-free fuel for mega yachts in the British Virgin Islands?

January 08, 2020

Written by Rachael Steele

Yes, it’s true! The British Virgin Islands government has announced that fuel will be duty-free for mega yachts in an effort to attract more of the 100m+/328ft+ vessels to the Caribbean archipelago and a popular destination for charter yachts.

Road Town Tortola - British Virgin Islands

Road Town Tortola – British Virgin Islands

An amendment to the current customs regulation laws will allow mega-yachts to cruise through the territory for a specified duration and take advantage of duty-free fuel purchases:

“At this point, it is important to point out that in order to boost mega-yachts sailing and remaining in our waters, the Customs regulations will be amended immediately to allow them to purchase duty-free fuel, once they remain in our territory three days or more,” Premier Andrew Fahie stated during his recent budget address for the 2020 fiscal year.

“This will be a step in the right direction towards encouraging mega-yachts to make the BVIs their home port.”

Cruise liners are also expected to receive a boon, with the government taking note of the industry’s desire to stay in port up to midnight.

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