OBS_VALUE: Vessels registered in the Icelandic Ship Register must be owned by Icelandic citizens, Icelandic legal entities domiciled in Iceland, nationals of other states of the European Economic Area, nationals of member states of the European Free Trade Association or Faroese citizens.  Vessels registered in the Icelandic international ship register must also be owned by Icelandic citizens, citizens of another state in the European Economic Area or a member state of the European Free Trade Association, Faroese citizens or a legal entity registered in Iceland.Special rules apply to fishing vessels.  