This publication has been prepared for the assistance of those who are considering the incorporation of a Bermuda company to own or operate ships, or the registration of ships on the Bermuda Register. It deals in broad terms with the requirements of Bermuda law. It is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. In particular, it should not be construed as advice on the tax laws of the United States or any other jurisdiction. We recommend that our clients and prospective clients seek legal advice in Bermuda on their specific proposals, and consult with their tax, legal and other professional advisers in their respective jurisdictions.