Schedule of fees

(1) There shall be paid to IMMARBE the several fees set out in the First Schedule to the Act for the registration of vessels and thereafter at annual intervals for the continued maintenance of such vessels as Belizean vessels. (2) Applicants for registration of yachts, pleasure crafts or house boats shall only be required to pay an initial registration fee, an annual tax and any other fee as may be prescribed in the Regulations issued from time to time. In addition, such Regulations may establish technical standards of construction, equipment, crewing and maintenance pertaining to the safety 19 of such crafts and prevention of pollution. Such crafts shall be exempt from the payment of annual service tax and the annual inspection tax specified in the First Schedule to the Act. (3) The Minister may from time to time by Order published in the Gazette, amend the First Schedule to the Act.