Are you the owner of a vessel? If so, have you been keeping up with the ever-changing documentation laws and regulations? Recently, there have been some significant updates concerning the boat documentation cost.
At the Maritime Documentation Center, we want to make sure that you know these changes and what they could mean for you. Keep reading to learn more about the latest updates in boat documentation cost.
Recently, some changes at the maritime documentation center may affect the cost of keeping your boat in compliance. Here’s what you need to know.
The maritime documentation center has announced new fees for vessel registration and documentation.
These changes went into effect on January 1st, 2018. The good news is that the rates have not increased significantly – most owners should only expect to see a modest increase in costs.
According to archives.gov, You need to take a few things into account when filing your paperwork this year. Make sure you have all the latest information before submitting your application!
How Long Does It Take To Get USCG Documentation?
The U.S. Coast Guard must provide documentation for nearly everyone who owns a vessel (USCG). This document, also known as a COD or SOC, certifies that your boat or ship is legal to operate in U.S. territorial waters and is proof of that fact.
The time it takes to obtain your COD or SOC is an essential consideration if you’re new to boat ownership. If the USCG has a backlog of applications, the process can be prolonged. Everybody needs documentation at some point in their life.
To help you out, I’m going to take you through the process of determining whether or not you need one of these. In addition, the procedure itself can be prolonged. Getting your COD or SOC may take several months, depending on your location and the type of application you submit.
The USCG’s process for issuing documentation isn’t always fast or efficient, like many government agencies. But don’t let that deter you from going out on the water!
In most cases, you can expect to wait between six weeks and four months after submitting your initial application.
Which Vessels Must Be Documented?
In order to get a Certificate of Documentation for your fishing boat, lobster boat, or any commercial vessel engaged in the coasting trade, you must first obtain verification of your boat’s registration with the Coast Guard.
Almost all vessels operating in navigable waters in the United States must have Coast Guard documentation (with a few exceptions).
In order to document his vessel in one of several ways, a registered vessel owner may request a Certificate of Documentation from the United States Coast Guard (USCG).
These include new registration, transfer from another state or country, change or addition to an existing certificate, and new registration.
It is necessary to submit the application in person at one of the United States Coast Guard’s Marine Safety Offices, along with the required fees and documentation.
What Are The Benefits Of Having A Documented Vessel?
The advantages of owning a documented vessel are numerous and extensive.
In the case of private vessel owners or commercial vessel operators, documentation serves as a solid confirmation of the nationality of their boats for international reasons, allowing them to participate in expressly limited trades such as coastwise commerce and fishing.
As a result, it ensures that trade between states and other countries may go unimpeded. Under maritime law, commercial boats must be registered under established procedures.
The sort of movements determines the kind of registration that is chosen that the vessel will be involved in. Today’s marine business is more regulated and complex than ever.
Documenting a ship’s ownership and its location is a crucial component of this regulation. Having documented vessels gives peace of mind if a boat is apprehended outside United States territorial waters.
How Do I Sell A Documented Vessel Keeping In Mind The Boat Documentation Cost?
In order to purchase a documented vessel, it is not necessary to meet with an independent marine surveyor.
The decision is yours, and some boat owners prefer that a marine surveyor examine their vessel before transferring the title, particularly when purchasing a used boat that does not have any documentation.
Suppose you come across a person or firm that promises to offer inexpensively documented boats. In that case, there is no need to be concerned since the United States Coast Guard only gives authentic Certificates of Documentation.
The only way to tell if they are genuine is to provide you with a copy of the Certificate of Documentation that has been signed and notarized.
If your vessel is documented with the United States Coast Guard, it will be easier to sell because you will only need to show the copy of the Certificate of Documentation.
In order to transfer ownership, both the previous and new owners will sign on the line, with a notary public witnessing their signatures to ensure that they are genuine.
You may then choose which name and address will be used on official documents if any outstanding obligations, such as mortgages or loans, remain unpaid and the boat documentation cost.