Have you been concerned that you’ll soon be in a situation where you’ll need USCG documentation? Did you recently purchase a vessel and aren’t sure if it’s the right situation for you and your vessel? Over the years, here at the Maritime Documentation Center, we have helped so many vessel owners who are in your…
When it comes to secured financing, a preferred ship mortgage is a special kind of secured loan against maritime assets, most often vessels and cargo. It is an exciting alternative for owners of ships and boats searching for financing since the interest rates are pretty cheap and several lenders provide these products. The marine sector…
Are you thinking about purchasing a boat? Do you need a preferred ship mortgage with a favorable interest rate? You are not alone in your feelings! According to the report, according to a recent survey conducted by the Boat Owners Association of the United States, there are more than 15 million recreational boats in the…
US Coast Guard (USCG) vessel owners must know preferred ship mortgage requirements. For new loans or refinancing, it’s critical to know what they are and how they might enhance the quality of your loan. Minimum safety and financial conditions are required for a vessel mortgage to become enforceable. Developed by the US Coast Guard in…
The Preferred Ship Mortgage provides a lender or financier of a vessel competitive status among competing claims that might arise against a vessel. The U.S. Coast Guard acts principally as a recording agency in regard to mortgages and related instruments. It’s important to learn about it if you happen to finance someone’s ship after he/she…
Funding availability is a crucial factor to consider when shopping for a new or used watercraft. You can rest easy knowing you’re making the best choice for your financial circumstances with boat funding choices like Preferred Ship Mortgage, which offer more freedom than conventional bank loans and much more attractive rates than you’d discover on…