Owning a yacht is a fun and rewarding experience. You can take your family and friends on. The boat lets you travel internationally. However, before you use it, make sure to process its USCG documentation. It is a vital aspect as a vessel owner. You may think that it is a hassle. But it provides numerous benefits, including protection of your investment and access to various types of financing.
USCG Documentation as a Federal Registration Process
It is important to understand that the process is a federal registration system that provides legal proof of ownership for boats used for commercial purposes or over five net tons. It offers several benefits, including protection of your boat’s identity, eligibility for some types of financing, and compliance with federal regulations. You can also operate the boat internationally if you document it with the USCG. Plus, you have the right to fly the US flag.
How to Start the Process?
To start the documentation process, you must submit an application to the USCG National Vessel Documentation Center (NSVDC). Or you can just use our service to make it easier. The application requires various pieces of information, including dimensions, the vessel’s name, and intended use. You should also provide proof of ownership and citizenship, as well as documentation of any outstanding liens or encumbrances on the vessel.
How to Establish Proof of Citizenship?
You must be a US citizen to have your boat documented with the USCG. And to establish it, you need to submit your social security. If the boat is owned by your corporation, your company must be registered in the US. The CEO and the chairman of the board must also be US citizens.
How Long is the Validity?
After your application has been approved, you will receive a certificate of documentation. It will serve as legal proof of ownership. Its validity, however, is only good for one year. In that case, you should renew it yearly. And if there are changes to your owner’s status, you need to notify the NVDC.
Navigating the Documentation Process
If it is your first time documenting your boat, you may find it challenging. Thankfully, there are resources available to you as a vessel owner. You may read our FAQs to get all of the information needed for the documentation process. We provide detailed instructions on how to complete the application.
The process is a vital aspect of vessel ownership. It provides numerous benefits and ensures compliance with federal regulations. While the process can be complex and challenging, our team can help you navigate it easily.
Even though you have documented your vessel, it is vital that you know the proper ways to sail safely. You are responsible to ensure your boat is safe for everyone on board. Furthermore, you are responsible for ensuring the safety of your crew by following all regulations. It means that every person who gets on your boat knows or has gone through a training program. To find out more about how to conduct USCG documentation, please click here.