It is truly a rewarding experience when you own a boat. However, it comes with responsibilities, including financial ones. If you have used your vessel as collateral for a loan or have been involved in a maritime lien, keeping your boat documentation in order is crucial. One essential form you must complete is the USCG…
Those who are relatively new to the world of vessel ownership might not be familiar with every piece of documentation that you can come across, but there is no doubt that the USCG satisfaction of mortgage is definitely something that you need to understand. In order to be able to have a mortgage for your…
Some people find buying a boat thrilling, but taking on the responsibility of boat ownership can be daunting. This is particularly true for first-time yacht owners and those unfamiliar with harbor life. It would help if you familiarize yourself as thoroughly as possible with the responsibilities of watercraft ownership. The USCG mortgage satisfaction as a…
There is a good chance that you are familiar with the USCG satisfaction of mortgage program if you are a yacht owner in the United States. This innovative initiative allows boat owners to use their vessels as collateral for a house loan, which may be a significant benefit when purchasing a new boat or refinancing…
Are you a boat owner looking for more than just recreational trips out to sea? If so, you may have considered becoming a merchant marine. As the name implies, these are people who take on the task of transporting goods and supplies across a wide range of oceans and lakes around the world. Becoming a…