It is exciting to own a boat. It is a great investment. It may not offer the same investment benefits as real estate. However, it offers non-material benefits. You can bond with your family and friends. You can experience activities that you can only experience on the water. But owning a boat comes with responsibilities, including processing vessel renewal.
The Reason for Vessel Renewal
If you own a vessel, you may wonder why you need to register and renew it with the US Coast Guard (USCG). The answer is simple: registering your vessel with the USCG is required by law if your vessel meets certain criteria. You may dread the process of renewing or registering it. However, there are third-party services that will make the entire process a lot easier.
Benefits of Using a Vessel Documentation Service
Companies that offer this type of service specialize in handling the paperwork and legal requirements for vessel registration, renewal, and other related services. By using it, you can save time, and reduce the stress and hassle of handling the process on your own. They can help ensure that all required documentation is accurate and submitted on time, thereby, avoiding potential fines or penalties for non-compliance.
Do All Boats Need to Be Registered with the USCG?
According to federal law, all vessels with a length of at least 5 net tons and used in US waters for recreational or commercial purposes must be registered with the USCG. It includes all motorized vessels, as well as sailing vessels and boats with auxiliary engines. If your boat is used exclusively for racing, it may be exempt from registration.
Completing the Initial Registration Process
Once you have determined that your vessel must be registered with the USCG, you will need to complete the initial registration process. It includes submitting an application, providing documentation such as proof of ownership and proof of insurance, and paying the appropriate fees. After your vessel is initially registered, you will have to renew your registration on a yearly basis.
One of the reasons many boat owners use a third-party service is that documentation renewal is a complex, time-consuming process. This is especially true if you own multiple vessels or if you are not familiar with the requirements. This is where a third-party documentation service comes in. It can handle the entire renewal process on your behalf, ensuring that all documentation is submitted accurately and on time.
In other words, this type of service can provide valuable assistance in the process of registering and renewing your vessel with the USCG. By using a professional service, you can save time, reduce stress, and ensure compliance with all legal requirements. Whether you are a recreational boater or a commercial vessel owner, working with this service can be a smart move in the long-term care of your vessel.
Use National Documentation Portal
If you want a platform that lets you renew your vessel without any hassle, then make sure to try out our platform. We can process your documentation quickly. If you are in a rush, make sure to contact our team today to know how we can help with your vessel renewal conundrum.