Local captain calls for clampdown on ‘fronting’

| 01/03/2012

dexter.PNG(CNS Business):  A local watersports operator, who has been in business in Cayman for 25 years, is calling on government to stop the practice of “fronting” whereby a Caymanian owns a boat but allows an expat to become the de facto owner. Dexter Ebanks of Fantasea Tours said the practice is widespread in the watersports industry where boat owners with business licences lease the use of their craft, allowing others to effectively run the company under their licence, which hurts legitimate operators. “If you don’t own the boat, you should not be able to take somebody’s boat and operate that boat as if it’s yours,” Ebanks said. Read full story on CNSBusiness

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