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The Cypriot govermment plans to abolish ship initial registration fees in a bid to boost the Cypriot registry’s competitiveness and attract more ship registrations, Deputy Minister for Shipping Natasa Pilides has said on Friday. Pilides briefed the parliamentary committee on Transport concerning new draft regulations approved by the Council of Ministers providing for the registry’s new pricing policy which provides for rounding of fees, grouping of fees as well abolishing the initial registration fee. “We believe that abolishing initial termination fees will …
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