We wish to inform you that Circular No. 33 /2016 with subject " Cyprus Tonnage Tax System (Law 44(I)/2010):

Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2016" is now available.

As provided by sections 17(2), 27(2) and 40(2) of Law 44(I)/2010 and on the basis of the relevant tables contained in the Annual Report of the Paris MOU for the year 2015, the Acting Director of the Department of Merchant Shipping has decided that the flags appearing in Annex I are included in the Grey List of the Paris MOU and flags appearing in Annex II are included in the Black List of the Paris MOU.

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