Using Maritime Boundaries as financial calculation tool (Jan De Nul Group) | Lifewatch regional portal

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Using Maritime Boundaries as financial calculation tool (Jan De Nul Group)

Jan De Nul Group is a global player in dredging and marine works. They are using a cluster of services to determine wether the position of a ship is within territorial waters. One of these services is Marine Regions’ Maritime Boundaries, one of the components in the LifeWatch Species Information Backbone.

Keywords: Jan De Nul Group, Tax rates, boundaries, Territorial Seas

"We need to determine if a ship is positioned within international waters. For this, we use Marine Regions services together with services from other providers."

Jan De Nul Group

Jan De Nul Group is the current market leader in dredging and marine works as well as a specialised provider of services for the offshore market of oil, gas and renewables. The Group is also a major player in civil engineering, environmental and brownfield development projects

Objectives

Since the 1st of January 2019, there are new tax rules for sea-going vessels. To benefit from a VAT zero rate, vessels must issue a declaration that it is used for at least 70% outside national territorial waters.

Methodology

The 70% rule can be determined by the distance traveled, the routes or the time spent outside territorial waters. As Marine Regions provides a global map of territorial waters, this layer (among others) can be used as input for the calculation of the tax rate.

 

Used components of the LifeWatch Infrastructure

Marine Regions

Marine Regions is a standard list of marine georeferenced place names and areas. It integrates and serves geographic information from the VLIMAR Gazetteer and the MARBOUND database. The purpose of Marine Regions is therefore to create a standard, relational list of geographic names, coupled with information and maps of the geographic location of these features. This will improve access and clarity of the different geographic, marine names such as seas, sandbanks, ridges and bays and display univocally the boundaries of marine biogeographic or managerial marine areas.

       

 

Useful links

Image credits

Images courtesy of Jan De Nul Group.