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…
The NVDC requires all vessel owners, whether they’re commercial or recreational, to obtain vessel documentation and keep it up-to-date. The entity hasn’t had any trouble processing commercial vessel documents in time. However, since late last year, the entity had experienced an unprecedented backlog with recreational vessels documentation. This makes sense if we think that…
As a boat owner or even enthusiast, you might have heard at some point the words “hailing port”. Even if you did not, you might have noticed several boats with a name on both the hull sides or the transom. If you looked for long enough, there is a chance you also observed what we…
Time is of the essence. Whether you are a boat owner who wishes to secure your vessel’s rightful identity or a maritime professional navigating the seas of regulations, one thing is vital – the need for efficient access to documentation. Fortunately, you may use our Coast Guard portal services to streamline the process of documentation.…
Are you a boat owner looking to spend some time out on the open water? Before you hit the waves, it’s vital that you create a float plan. But, if you’re like many vessel owners, you’ve probably asked “a float plan should contain what information?”How would one compose one for themselves and their vessel? Creating…
As wonderful it would be to go through life without having to deal with a mountain of paperwork, things just are not that easy. It seems like everything you do today comes along with pages you must fill out and submit. Everything from applying for a new driver’s license to a gym membership to even…