The purpose of this scheme is to minimise the risk to the voluntary decommissioning scheme from re-entry of vessels after decommissioning by buying out a proportion of off-register capacity in the under 18m and over 18 polyvalent fleet.
Who is Eligible 
Amounts Granted Buy-out premiums will be paid in respect of applications approved and accepted at the following rates:
How to Apply Apply online on Grant Electronics Management System
Warning: This application form is not compatible with mobile devices. For best results please use desktop/laptop when completing this form.
For technical queries in relation to BIM’s Grants Electronic Management System (GEMS) please contact the grants helpdesk using this form.
Resources:
You will be required to upload scanned copies of the following documents, in PDF or image format:
It is the applicant’s responsibility to ensure that all required documentation is provided.
Delays caused by failure to do so may result in:
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