Monday, November 27, 2006

The Isle Of Man Teams up with McAfee

The Isle of Man, registry for .im domains, today announced that it has contracted with McAfee, an online security provider, to identify and eradicate the misuse of domain names and ensuring that the Isle of Man remains a difficult jurisdiction for spamming and phishing operations.
McAfee has recently identified that spammers and phishers are attempting to target domain names of small islands in an effort to circumvent protection software currently deployed by many individuals.

collected by Sreeram

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Monday, November 20, 2006

Discover islands forgotten artist - Manx artist Edward Ashton Cannell

Manx National Heritage is planning exhibition of Ashton Cannell's work to be staged at the Manx Museum in January 2007. Ashton Cannell's work follows in a long tradition of Manx artists, such as Archibald Knox, who have specialised in watercolours of the Isle of Man and further afield. The exhibition will present some of his watercolour paintings of Manx scenes as well as English landscapes and river views.

Edward Ashton Cannell, 1927-1994, was born in Port Erin and brought up in Port St Mary, where his father was the well-known manager of the Isle of Man Bank. Educated at King William's College, Ashton Cannell first trained as an artist at the Douglas School of Art and then later at the Liverpool School of Art in the 1940s. Following graduation, he taught at the Douglas School of Art and then moved to London to teach art. He went onto establish himself as a successful artist in London through exhibitions and membership of several art societies, such as the Wapping Group of Artists. One of his Manx watercolours, entitled Shrouded Hills near Niarbyl, Isle of Man is part of the prestigious British Government Art Collection. Manx National Heritage would also like to hear from anyone who may have artwork by Edward Ashton Cannell that they would be willing to have copied for the exhibition.

Link to original article at
http://www.iomonline.co.im/ViewArticle2.aspx?SectionID=1883&ArticleID=1874666

Collected by
Sreeram Penna

Wednesday, November 08, 2006

The Isle of Man's new aircraft registry

The Isle of Man will shortly launch its new aircraft register. This follows the success of the Isle of Man's Yacht Register and is expected to be in operation by late spring or early summer 2007.

The new Manx Aircraft Register is aimed at the business and private jet market. As it is not uncommon to find that people who own super yachts also have planes, it is hoped that the two registers will to a certain extent be complementary.

The launch of the Manx Aircraft Registry coincides with the certification and production of the new wave of very light jet aircraft (VLJs), which are expected to revolutionise private and business jet travel as a result of their greatly reduced purchase and operating costs compared with conventional private or corporate jet aircraft. The most publicised example of this is the Eclipse, currently marketed at a price of $1.53m (£810,000). This is not the only contender in a market that includes Cessna, Adam, Embraer and Diamond.This does not, of course, preclude the registration of the more conventional type of business jet or turbo prop aircraft, which typically benefit from greater size and payload.

The Isle of Man Aircraft Register will accept planes for registration that are up to eight tonnes maximum take-off weight and which operate in the private category. As such, smaller piston engine aircraft would also be accepted for registration on the Manx Aircraft Register.

The Manx Aircraft Register will in fact be a sub-register of the UK aircraft register operated by the Civil Aviation Authority (CAA). The Manx register is being created under a revised Air Navigation Order, which is currently in course of finalisation.

All Manx-registered aircraft will carry the prefix 'M' in their aircraft registration letters. The new Manx Aircraft Registry is being run by the new Manx director of civil aviation, Brian Johnson. Apart from hoping to charge slightly less in fees than the CAA, Johnson hopes that the registration process on the Isle of Man will be "more user-friendly" than many aircraft registries.

The new Manx Aircraft Registry will only accept aircraft operated in the private category. That means that the aircraft cannot be used for continued #+ continued hire and reward. This still allows businesses that employ their own pilots to operate an aircraft for their own benefit and the benefit of their staff and the officers and employees of other companies in their group. Aircraft owned by a group of pilot owners, or companies that employ their own pilots, are also likely to be acceptable under group schemes.

For the time being, fractional ownership schemes are not acceptable, as under current European regulations, with which the Isle of Man would have to comply, these would have to be operated in the commercial category. It seems likely that the situation will change in time to allow fractional ownership under the private category rules similar to that allowed under Federal Aviation Administration (FAA) regulations in the US.

One attraction of the Manx Aircraft Registry is that it will likely allow the validation of US licences for crew members of aircraft.

This can lead to a significant cost saving in certain circumstances as it avoids costly retraining of crew. In addition, if US maintenance organisations are approved by the Joint Aviation Authorities (JAA) in Europe or the European Aviation Safety Agency (EASA), then those organisations may be approved for maintenance of aircraft on the Manx Aircraft Registry. This again can have a significant cost implication to some operators.

While many jets are acquired by businesses that can obtain repayment of their VAT, there are still a number of operators anxious to avoid VAT payable on the purchase of aircraft under the eight-tonne exemption limit. The Isle of Man is a jurisdiction subject to VAT. The Danish authorities are known to have a more relaxed interpretation of whether an aircraft under eight tonnes should be subject to VAT. Early indications from the office of Customs and Excise in the Isle of Man are that if an aircraft owner takes advantage of the more relaxed regime in Denmark for the importation of aircraft into the EU, the Manx Customs and Excise authorities will be bound to recognise any VAT exemption obtained in Denmark.

Apart from advantages to owners and operators of business, jet and turbo prop aircraft, there are also a number of other potential advantages owing to the registry's offshore position. One immediate possibility is that the purchase of an aircraft is an obvious use of offshore funds, allowing the use of an aircraft without the necessity of repatriating funds into an onshore jurisdiction, where they may suffer a tax liability.

Similarly, there are opportunities for offshore financing of aircraft with possible tax advantages. While many banks on the Isle of Man will fund an aircraft purchase on the traditional lines of any high-value acquisition, this form of funding is uneconomic for smaller jet aircraft and turbo props.

A number of local banks are considering the production of a simplified financing package for aircraft in the £1m-£5m category. None of these have reached fruition as yet. There is apparently an opportunity for investment of offshore funds in aircraft financing if such a suitable package could be produced and marketed.

SourceTimothyMann

Cutting edge wind turbine ship for Isle of Man

The China-built vessel is a self-elevating wind turbine, which is registered by the Isle of Man Marine Administration, making Friday's visit a trip 'home'.

It was built in Shanhaiguan Shipyard under survey by the administration in 2003.

An administration spokesman said: 'The vessel self-elevates clear of the water using six legs, giving a maximum air draft of 30 metres. The wind turbines are installed using the vessel's 300 tonne and 50 tonne cranes.

'The main propulsion is provided by four 6000kW diesel engines providing electrical power to drive four azimuth thrusters.'

Trade and Industry Minister Alex Downie added: 'This vessel is at the cutting-edge of both maritime and offshore technology.

'There were many who said that it would not be possible to build such a vessel. The designers and builders, working in conjunction with the Isle Of Man Marine Administration have proved them wrong.

'The Isle of Man should be very proud to have such a successful and innovative vessel registered in Douglas. She has been instrumental in helping the UK work towards meeting it's objectives for providing environmentally friendly sources of powe

Tuesday, October 31, 2006

Isle of Man launches Stormbreaker holiday

To coincide with the DVD release of spy movie Stormbreaker on November 13th, the Isle of Man have launched a special map for holidaymakers.

The new map encourages young fans of the film to follow in Alex Rider's footsteps, exploring eight different locations around the island in order to crack a secret code.

Young holidaymakers will then be able to enter a competition to win one of six Nintendo DS consoles and Stormbreaker games, with six runners up also winning goody bags.

Source
travelbite