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Why
Document Your Boat
- For commercial-use
boats, documentation is required to avoid fines.
- A documented boat is
easier to sell, buy and/or finance, because its ownership is
incontrovertibly established.
- Many lending companies
and individuals require documentation as a condition for financing boat
purchases because documented boats are eligible for a First Preferred
Ships Mortgage, the safest form of security a lender can have on a boat.
- Bills of Sale,
Mortgages and other instruments of title are recorded with the National
Vessel Documentation Center.
- When cruising in
foreign territory or U.S. waters, it gives undisputed identity.
- It gives authority to
fly the yacht ensign of the U.S.
Why
Hire Coastal Documentation
- You would need to
learn the steps, obtain a variety of forms, and take the time to
accomplish the process. Whereas for a single reasonable fee, we will
complete the entire procedure for you.
- Speed of response that
allows next day mailing of closing paperwork in normal circumstances. In
extreme circumstances same-day closings are possible
- Seventeen years of
experience with all sorts of documentation.
- Fully insured for
errors and omissions with Lloyd's of London.
- Clear, fair pricing of
each part of the documentation and mortgaging services.
Documentation
Requirements
- The vessel owner must
be a US citizen (native born or naturalized) or the owner corporation
must meet Coast Guard citizenship regulations.
- The vessel must be a
minimum of 5 net tons displacement by a formula computed by the US Coast
Guard. Usually a boat measuring 25' (LOA) by 8' (beam) by 5' (depth, not
draft) — power or sail — qualifies for documentation.
Documentation
Procedure
- Together we fill out
the Documentation Worksheet over the phone
- If your boat was built
outside the US and has not ever been documented you must obtain from the
US Customs Service, and send to us, a Customs Consumption Entry form
and, perhaps a removal from foreign registry.
- We prepare the various
necessary forms and mail the appropriate ones to you, the seller,
builder, previous owners and lender.
- You sign the forms
sent to you and return them to us with the documentation fees.
- We assemble the papers
from all parties and file them with the National Vessel Documentation
Center.
- You receive your
Certificate of Documentation with instructions for marking your official
number on your boat.
Contact
Information
- Phone: 207-596-6575
- Fax: 207-596-7086
- Mail: Susan Ellis,
Coastal Documentation, 111 Dennison Rd.., Spruce Head, ME 04859
- E-Mail: coastal@roadrunner.com
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