Is it time to let your vessel go and you do not know where to start? Have you been looking at boats online and would like to know what are the next steps you should take? Don’t worry, we have got your back. This article will show you how to complete the transfer of ownership form, where you can get it, if it is the same as the exchange documentation and some other useful details you might want to have a look at before getting involved on a boat transaction. Without further ado, here we
Read MoreThere is a good chance that you are familiar with mortgages for real estate. With the advent of the preferred ship mortgage, ship owners may take out loans against their boats. It's a common misconception that only current or former navy commanders may qualify for this financing. A preferred ship mortgage is available to any business owner who needs additional funds to upkeep or upgrades their vessel. There is little difference between this and applying for a mortgage on a piece of land, except that the paperwork you provide will need to reflect the
Read MoreAre you due for your USCG license renewal soon? Don't be concerned; the procedure is short and won't cause discomfort! In this article, we will provide you with some pointers to ensure that the renewal is carried out efficiently. Now is the time to start considering renewing your United States Coast Guard license, regardless of whether your current one expires in a few days or months. Thankfully, it is a simple and easy procedure; nonetheless, you must maintain the validity of your license by keeping it up to date. You, as the owner of a
Read MoreMost boat owners know that they must conduct a USCG license renewal every five years. However, were you aware that there is a precise process you must go through to renew your license on time and avoid any penalties? This essay will highlight the top four mistakes people make while renewing their USCG license. Ensure to renew your United States Coast Guard (USCG) vessel license before it runs out so that you may continue to operate legally. Here are some common errors when it comes time to renew your USCG license. Not Renewing On
Read MoreThe small vessel MARAD waiver is a document that the owner of a small vessel may submit to the United States Coast Guard to be excused from complying with certain restrictions that have been established by them. The waiver makes it possible for a small vessel to be utilized for commercial purposes even if it does not satisfy all of the conditions outlined by the US Coast Guard. It is a simple procedure to get and finish the Small Vessel MARAD Waiver, which may provide company owners with much-needed freedom when running their boats. This
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