The MARAD waiver is a Maritime Administration mechanism meant for foreign-built vessels. After all, the Jones Act requires that the vessels operating in coastwise commerce be built domestically whenever possible. The MARAD small vessel waiver program recognizes that foreign-built vessels can also contribute to American commerce, which is why it grants waivers to certain vessels…
If you’ve never had to do it before, figuring out how to register a boat can quickly become a lot to deal with. It is, at the end of the day, a bureaucratic process that can take up too much of your time if you don’t know how to approach it or where to start. …
We all know how satisfying it is to fulfill your mortgage if you’re a property owner. However, this does come with a lot of paperwork in order to properly rectify the new state of their ownership. For example, if you are placing a mortgage on a vessel, you will need to apply for an NVDC…
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…
If you’re selling a boat, the vessel bill of sale is the most important document you need. The sales process itself is not difficult, but there are several details you need to be very specific about. Keep in mind that this is an official exchange and having the document properly filled in can protect you…
The abstract of title is a record of all the documents that were submitted to the USCG for a specific vessel. It serves as a complete synopsis of all historical events related to ownership, mortgage, and lien recordings. What does a boat abstract of a title contain? What benefits does it offer to vessel owners?…