Aircraft & Vessel Registration and Leasing

Aircraft & Vessel Registration and Leasing

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Navigating the complexities of aviation and maritime law requires specialized expertise to ensure your assets are protected and fully compliant with all regulatory frameworks. Our firm provides comprehensive legal support for the registration and leasing of both aircraft and vessels in Georgia, guided by the stringent requirements of the Air Code of Georgia and the Maritime Code of Georgia. We offer precise, commercially-aware advice to owners, operators, financial institutions, and leasing companies, ensuring every transaction is structured for maximum legal and financial security. Our legal team is adept at managing the procedural intricacies of Georgia's regulatory bodies—the Civil Aviation Agency (GCAA) for aviation and the Maritime Transport Agency (MTA) for maritime matters—streamlining all interactions to achieve efficient and favorable outcomes for our clients.

The process of registering an aircraft in the State Register of Civil Aircraft of Georgia involves meticulous preparation and submission of documentation to the GCAA. Our services cover the entire registration lifecycle, from initial applications and securing airworthiness certificates to managing the de-registration process from foreign jurisdictions, which requires an official deletion certificate. We ensure all legal formalities are flawlessly executed by submitting the required application, proof of ownership such as a bill of sale, and ensuring the aircraft has a valid type certificate recognized by the GCAA. Our counsel extends to structuring ownership for both Georgian and foreign individuals or corporate entities to facilitate a smooth and efficient registration for private, commercial, and corporate aircraft.

For maritime assets, we manage the entire vessel registration process with the Maritime Transport Agency, whether for permanent registration, a temporary provisional registration valid for up to six months, or specialized bareboat charter registrations. Georgian law allows for both "bareboat-in," where a foreign-flagged vessel operates under the Georgian flag, and "bareboat-out," where a Georgian vessel is temporarily registered under a foreign flag. We assist clients in preparing all necessary documentation, including the application, proof of ownership, and the crucial deletion certificate from the vessel's previous registry. Our firm also provides expert guidance on registering ships under construction, allowing ownership and financial interests to be secured from the very beginning of a project.

In the realm of asset financing and leasing, we provide robust legal counsel on structuring and executing agreements. This includes drafting and negotiating dry and wet leases for aircraft, as well as bareboat charters, time charters, and voyage charters for maritime vessels, with a clear understanding of the distinctions and obligations outlined in Georgian legislation. We have extensive experience in securing financial interests through the formal registration of maritime mortgages in the State Ships Registry of Georgia, a critical step for creating a legally enforceable security interest for lenders and financiers. For aviation assets, we assist clients in perfecting security interests through properly drafted security agreements and ensuring all ownership and leasehold rights are correctly filed with the GCAA, providing financiers with the confidence and legal security they require.

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