Shipping & Admirality

Admiralty
Triay & Triay is the leading firm of shipping lawyers in Gibraltar. It enjoys a long established reputation within the shipping industry, offering comprehensive advice in areas of finance and registration and also litigation and advocacy in the Admiralty Jurisdiction of the Supreme Court of Gibraltar.

Ship Finance
The firm is involved in ship finance transactions, with particular emphasis on the appropriate group structures, and the drafting of security documentation. This work goes hand in hand with the firm's expertise in advising banks on commercial lending of a more general nature.

Gibraltar as a Port and Registry
In 1997, Gibraltar re-established its Ship Registry with Category 1 Status allowing it to register vessels of all types and tonnage other than fishing vessels. Ships registered in Gibraltar are British ships entitled to all the protection and privileges afforded to vessels registered at other British Ports of Registry. Furthermore, Gibraltar's new Category 1 Status establishes parity with Bermuda, the Cayman Islands, and the Isle of Man - with the added advantage that Gibraltar's unique position within the EU gives its fleet access to EU cabotage trades. It is, along with the UK, the only Red Ensign Group Member within the EU. Standards are high, mirroring those set in the UK and resulting in the achievement of 'White List' status in 2006. As a result, vessels that fly the Gibraltar flag, enjoy the reputation which rightly attaches to the maintenance of these high standards. Shipowners and operators can feel safe in the expectation that their vessels will meet MOU requirements on Port State Control.

Gibraltar registered ships fly the Red Ensign defaced with the Gibraltar Arms, - the Castle and Key.