For owners and mortgagees, having a British flag equates to having a very prestigious and reliable register,” says Maritime Administrator Richard Montado. “That is one of the main advantages of being part of the Red Ensign Group.” Gibraltar’s status outside the VAT regime is also an important attraction for registering ships under its flag. So too is the fact that Gibraltar’s legal system is based on English common law and broadly follows UK maritime legislation, giving ship owners and mortgage lenders confidence in contracts and legal processes. There are a number of lawyers in Gibraltar who specialise in maritime law and can offer clients a seamless service, allowing them to register vessels. Gibraltar’s status as an EU Member States register also provides distinct advantages for owners choosing the Gibraltar flag, most notably where there are cabotage restrictions within Europe.