This page in:

Term Registration

This is a temporary exception to full vessel registration. It should only be used when Cayman is not yet in possession of the Certificate of Survey for the vessel and it is difficult or impossible to do a full registration within commercial time constraints.

The Term Certificate of British Registry would be issued with a termination date, valid for up to 90 days with no extension provisions, and the client has to undertake to send the Certificate of Survey within this timeframe.