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Has
your documentation expired and you want it back, no problem
Can anyone document their boat?
No, you must be a US citizen or naturalized citizen to
document your boat with the US Coast Guard. If the owner of the vessel is an entity, that entity must be owned by citizens
of the US as well.
What boats can be documented?
Generally boats that are in excess of 26' can have a Coast Guard Documentation performed.
The Coast Guard has developed a measurement formula that determines gross and net tonnage using the length, breadth, and depth
of the vessel, and those boats with a measurement of 5 net tons or more can be documented. There are no further restrictions
for pleasure boats operating under a recreational endorsement, however vessels operating in the commercial trade must be built
in the United States.
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Initial
Documentation |
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Important
Information You Need To Know Before Documenting Your Vessel!
1) Documentation is available only to
those owners who are citizens of the United States.
2) The vessel in question must be at
least 5 net tons as determined by Coast Guard formula based on length, breadth and depth. This tonnage requirement does not
refer to displacement but rather to volume capacity.
3) Vessels of 25 feet or more in length
generally require documentation.
4) If you finance the purchase of your
boat, the financial institution may require that the boat be federally documented. Documentation is generally a requiremnt
of such financing because it is only on a U.S.
documented vessel that a lender can adequately perfect its security interest in a vessel. A mortage is recorded against the
vessel, once it is documented. Federal documentation makes a lender more secure in financing your boat.
Click on MARINE FORMS to complete the Initial Documentation
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Re-Documentation |
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II
Important Information You Need To Know Before Re-Documenting your Vessels
1) Documentation is available only to those
owners who are citzens of the Uniited States
2) A bill of sale from the former owner of
the vessel will be necessary.
3) An abstract of title may be necessary
to ensure that there are not any outstanding encumbrances. Proof will be required to document that any encumbrances have been
satisfied.
4) If you finance the purchase of your boat,
the financial institution may require that th the boat be federally documented. Documentation is generally a requirement of
such financing because it is only on a U.S.
documented vessel that a lender can adequately perfect its security interest in a vessel. A mortgage is recorded against th
the vessel, once it is documented. Federal documentation makes a lender more secure in financing your boat
Click on
MARINE FORMS to complete the Re- Documentation.
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U.S. Corporate Documentation |
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Important
Information About Documenting Your Vessel In A U.S. Corporation!
1) You may choose to hold ownership of
the vessel in a domestic corporation.
2) The Corporation is a legal entity
and may conduct any legal business one may choose. Corporations must apply for a federal tax identification number promptly
after formation.
3) A-Saltek Company Inc. is not a law firm
and does not offer legal advice or opinions. The statements contained herein merely apply general principles of corporate
law that may, or may not, fit your situation and that require adherence to certain legal formalities for their successful
application.
Click on MARINE FORMS to complete the Corporate Documentation | |
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