USVI and BVI Continue Vessel Fee Talks; Revised Rates Presented by Premier Wheatley

Governor Albert Bryan Jr. and Premier Natalio Wheatley of the British Virgin Islands reconvened today to continue discussions first initiated on March 7, 2025, regarding the BVI’s proposed fee structure for Commercial Recreational Vessel Licenses. During the March meeting, the BVI outlined its initial licensing fees for foreign-based term charters, including an annual fee of $7,500 for up to seven entries, and an option for unlimited entries at a rate of $24,000 per year. Day charter licenses were initially proposed at $12,500 annually, while water taxi licenses were set at $2,500 per year. At today’s meeting, Premier Wheatley presented updated rates, which reflect the BVI’s consideration of stakeholder feedback. Under the revised structure, the fee for foreign-based term charters remains $7,500 per year for up to seven entries, with an added charge of $2,100 for each additional entry. The option for unlimited entries remains at $24,000 annually. The fee for day trips has been reduce...