British Marine membership is based on the annual turnover of the joining member. This does not apply to all sectors; the following sectors have different guidance;
Boat Brokers – assessed on total ‘commission earned’ figures in the accounts, plus the gross sales value of any craft purchased and resold as principals
Charities – calculated as one-third of standard subscription fee
Colleges – a set rate of £442 + VAT (this rate only applies to government-funded higher education colleges and universities)
Finance Brokers – assessed on the income arising from fees received from financial introductions, on the amount you lend in the UK boating industry
Finance Houses – assessed on income arising from the difference between borrowing and lending rates, within the UK boating industry
Insurance Brokers, Agents and Underwriting Agents – assessed on the net retained commission earned from the UK boating industry
Insurance Companies & Underwriters – assessed on 10% of premium income (net retained) from the UK boating industry
Yacht Clubs – assessed on total marine turnover excluding membership/club fees.
Subsidiary companies
A simplified application procedure can be offered to subsidiaries of existing member companies that may wish to form a Group Membership
If you have any questions regarding subscription fees, please do not hesitate to contact the membership team on 01784 223 663 or