Boating gives you joy and happiness. Or you may see it as a business venture. When selling your boat, you will have to process the transfer exchange of USCG documentation. If your boat is USCG documented, you need the transfer of ownership of USCG documentation. What is the Transfer Exchange of USCG Documentation? USCG…
USCG News
The Yacht Documentation Every Owner Must Have
If you’re one of the lucky few that has the means and desire to own a boat, you know there’s a lot of documentation to keep track of. Just like owning a vehicle, it’s important to keep this paperwork handy so that you can provide proof of ownership if you are ever boarded or stopped…
Can You Change Boat Name and Hailing Port at the Same Time?
If you own a boat or are buying a boat and you want to know if you can change the boat name at the same time that you change the hailing port, the good news is that it’s not hard to do. Doing both together takes some of the time and effort involved away and…
Five Essential U.S. Coast Guard Requirements for Identification
If you own and operate a boat that is registered with the United States Coast Guard, there are certain documents and proof of identification that you must have on file. This is for your own protection, but also for the benefit of others on the water. Coast Guard registration ensures assistance if you have an…
Preferred Ship Mortgage Form: When Securing Financing Against a Boat
Are you planning to purchase a boat? If you are, then you may need to secure financing. That is if you do not have the full amount in cash. Financing lets you spread out the cost of the boat over some time through regular loan payments. It enables you to acquire the boat that you…
Understanding the Maritime Lien
A maritime lien is much like a lien on any other property. It’s a legal proceeding that allows a boat to be seized if the debt for the vessel isn’t paid. That means that someone who buys a boat but stops making payments may have that boat taken by the authorities. If the boat wasn’t…