If you have been following the development of a particular start-up firm, you have become familiar with the idea of a documented vessel at this point. This type of watercraft is exempt from some elements of federal laws that address safety and registration requirements for boats, according to the Coast Guard’s interpretation of those regulations. A vessel must be documented with a valid Certificate of Documentation (COD).
When you hear that someone has purchased a documented boat, it may appear as if they have just purchased something subject to fewer laws; in truth, the situation could be more straightforward. Do you have any interest in gaining further knowledge on recorded vessels? The following frequently asked questions and their corresponding answers will get you started.
How Do I Get My Boat Documented?
Boat documentation may be obtained in several different methods, including the following: You have the option of working via an agent who will handle all of the paperwork on your behalf; you also have the option of working with an attorney who specializes in maritime law; or you have the option of doing all of the research and filling out all of the appropriate documents on your own.
If you decide to go with this course of action, you need to ensure that you have a complete understanding of all of the associated criteria. This will ensure that you notice everything significant and commit errors that may lead to complications in the future. The process varies by state, but you’ll need to provide basic information about yourself and your recorded vessel, an application for paperwork, photos of your boat, and its hull identity number (if applicable).
Why Should I Get My Vessel Documented?
It may be beneficial to own a documented vessel since many nations do not require ships from other countries to conform to their rules or pay any fees or taxes to those countries. Because of this, you will not be required to pay any fees or taxes to bring your boat back to the United States after transporting it outside the country. This may save you hundreds or even thousands of dollars in costs you would have otherwise incurred. Whether purchasing your first boat or considering selling yours, it’s usually worth considering having it documented.
What Does It Cost To Get A Documented Vessel?
Your specific requirements and geographic area will determine the money necessary to have your documented vessel. Transferring an existing vessel from another country will be lower than constructing a new vessel from scratch or importing an existing one from another state.
For instance, if your boat does not already have a title in Florida, then there will be extra costs connected with having it titled in this state and registering it with the United States Coast Guard. These costs will be paid separately. This procedure’s price depends on your boat’s size and whether you changed its motor or equipment before entering Florida seas.
What Is A Foreign-Owned Vessel?
A ship whose owner is not a citizen of the United States is considered to be foreign-owned. U.S. law applies to documents for a boat that someone from outside the country legally owns, and the Coast Guard will keep track of the paperwork. While entering U.S. waters, foreign-owned boats are treated no differently than any other vessel. The ship must have a signed registration form from the United States Coast Guard.
Ownership documentation and documentation showing that the vessel was built in the United States or one of its regions are needed. If you are not a United States citizen, you must also provide evidence of ownership, citizenship, or legal residency. The ship must have a business or recreational function. Once a vessel is utilized for commercial purposes for the first time, it cannot be used for recreational purposes afterwards.
How Do I Get My Boat Registered With The USCG?
The Vessel Documentation Online LLC is dedicated to helping you register your documented vessel with the USCG. We are affiliated with the USCG, which means we have access to their databases and can help you complete the process faster than if you tried it yourself. We also offer assistance in evaluating a vessel’s condition and determining its value, as well as finding several additional sources to help you find a buyer for your boat. Don’t hesitate to contact us today for more information about how we can help get you started registering your documented vessel with the National Documentation Portal. For more information on our services, don’t hesitate to contact us.