There is a significant probability that you are familiar with the MARAD Waiver if you are a yacht owner in the United States. But to be more specific, what is it? And do you have to apply to get it? In this article, we will respond to all the questions you have concerning the MARAD…
Reasons Why MARAD Waivers Are Important For Foreign Ship Owners
Owners of foreign ships that want to operate in the United States must first get MARAD waivers. This is because vessels registered in the United States are required to adhere to several safety standards that their overseas counterparts are not necessarily required to observe. Some of the significance of MARAD exemptions will be highlighted below. …
How the MARAD Waiver Helps Owners Keep Their Ships in the US
The ownership of a yacht that is rarely used presents unique challenges. There are a lot of expenses and duties involved in maintaining a boat, and it can be hard to tell if it’s worth it when you can only use it for a fraction of the year. When you factor in the expensive cost…
Marad Waiver: Updated Info You Need to Know
Many many years ago our very own governors came up with an idea to protect American maritime activities. The problem was that, at the same time, the consequences of their actions were detrimental of foreign-built vessels intending to trade. That is the reason behind the creation of the Small Vessel Marad Waiver that we will…