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Romney's yaht: Why doe it fly the flag of the Cayman Islands instead of America?

EdWagemann

EdWagemann

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Is Romney more loyal to his money that the American people?

Gov. Mitt Romney's campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

The floating party... was one of a dozen exclusive events meant to nurture those who have raised more than $1 million for Romney's bid.

"I think it's ironic they do this aboard a yacht that doesn't even pay its taxes," said a woman who lives aboard a much smaller boat moored at the St. Petersburg Municipal Marina.
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Romney Party Yacht Flies Cayman Islands Flag - ABC News
 
:lamo

First of all, that yacht does not belong to Romney. It was owned by the guy throwing him a fundraiser. Second, that flag is Burmuda, not Cayman Islands. Flagging larger vessels in other countries is not uncommon.
 
It's not uncommon because it subjects the craft to the home countries laws. Even Cunard (Queen Mary, Queen Elizabeth II, Queen Victoria) ships are moving to fly another flag besides England's because of the labor laws.
 
AliHajiSheik said:
It's not uncommon because it subjects the craft to the home countries laws. Even Cunard (Queen Mary, Queen Elizabeth II, Queen Victoria) ships are moving to fly another flag besides England's because of the labor laws.
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Yeah, thats part of the reason. There are some others as well. Here's an interesting read why many of the megayachts are flagged in foreign countries.

The Cost of American Megayacht Ownership
 
Fishstyx said:
:lamo

First of all, that yacht does not belong to Romney. It was owned by the guy throwing him a fundraiser. Second, that flag is Burmuda, not Cayman Islands. Flagging larger vessels in other countries is not uncommon.
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As a former resident of Bermuda, I can tell you that the flag on the MY Cracker Bay is not the flag of Bermuda. The vessel is registered in Georgetown, Cayman Islands. Bermuda registry is not cheap.

for a bit more on the vessel
A List of the Specifications of the CRACKER BAY:
Superyacht Name: Motor Yacht CRACKER BAY Ex: Campbell Bay - Built By: Hakvoort Shipyard - Built in: Monnickendam, Dutch - Launched in: 2002 - Refitted in: 2005 - Length Overall: 44.7 metres / 146.7 feet - Waterline Length: 37.5 (123 ft)

Naval Architecture: Diana Yacht Design and Felix Buytendijk, Diana Yacht Design - Designers Involved in Yacht Design: Felix Buytendijk - Interior Designers: Andrew Winch - Gross Tonnes: 491 - Nett Tonnes: - Displacement: 435 - Hull / Superstructure Construction Material: steel / aluminium - Owner of CRACKER BAY: - Cost To Build: - CRACKER BAY available for luxury yacht charters: - Is the yacht for sale: - Helicopter Landing Pad: No - Swimming Pool: - Jacuzzi Spa: - Material Used For Deck: teak

The Country the Yacht is Flagged in: Cayman Islands - The official registry port is George Town and her home port is Fort Lauderdale, USA - Class society used: LR (Lloyds Register) - Completed survey under Maritime & Coastguard Agency (MCA) Large Yacht Code: Yes - Max yacht charter guests 12 - Guest’s cabins: - Guests Cabin configuration: - Maximum Number of Guests Whilst Underway: - Number of Crew Members: 9

Her Engine(s) is two 1014 HP or 1363 Kilowatts Caterpillar. The Model type is 3508B DITA diesel. - Overall output: 2028 HP /2726 KW. - Approximate Cruise Speed is 13 knots. - Top Speed: 14 nautical miles per hour. - Approximate range: 5000 at a speed of 10 knots. - Bunkering capacity: 58000 L. - Fresh water: 15000.00. - Gensets: Northern Lights 2 times 99 kilowatts. - Some locations the yacht has visited: Fort Lauderdale. United States. Broward County. Florida. - Stabaliser Stabality devices: Quantum Zero Speed. - Air Conditioning: Heinen & Hopman. - Yacht Beam: 8.8m/28.9ft. - Waterline Length (LWL): 37.5m/123ft. - Draught at deepest: 2.8m/9.2ft.
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Somerville said:
As a former resident of Bermuda, I can tell you that the flag on the MY Cracker Bay is not the flag of Bermuda. The vessel is registered in Georgetown, Cayman Islands. Bermuda registry is not cheap.
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Maybe Romney would be great as President of the Cracker Bay yaht, since he has so much in common with his constituents there. But as President of the United States?
NO!!!
 
Somerville said:
As a former resident of Bermuda, I can tell you that the flag on the MY Cracker Bay is not the flag of Bermuda. The vessel is registered in Georgetown, Cayman Islands. Bermuda registry is not cheap.

for a bit more on the vessel
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You're right, that looks very much like the Bermuda flag though. The Cayman Civil Ensign is pretty similar.

Bermuda Flag:
bm.gif

Doesn't negate the fact that its not his yacht. Read the article I posted on why so few are registered US, give some insight on the reason.
 
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