Ministry of Economic Development has exempted the annual fee and pardoned previous unpaid fees of smaller sea vessels.
According to a statement released by the ministry, owners of smaller vessels have difficulty in paying large sums as the annual fee. To solve this issue, the government has decided to exempt the fees for all registered vessels smaller than nine meters.
The fines for smaller vessels that are lost or no longer in use due to damage have been exempted from July 18.
Deputy Economic Minister Abdulla Shiyaaz stated that pending fines have piled up for small vessels that were lost or damaged beyond repair during the tsunami in 2004. He added that since registration of those vessels can only be cancelled after the fines are settled, the ministry decided to pardon the fees.
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