[PUP] Country Flag, Documentation & Registration, Buying out of Country
Mike Maurice
mikem at yachtsdelivered.com
Sun Mar 30 14:35:58 EDT 2008
' Fly your vessel's flag as identification for the country where it is
presently registered-documented. If the vessel's flag country changes,
change the flag you fly.
' Expect delays in foreign clearing, if not worse, if the vessel is not
documented. If you have to travel with a non documented vessel, prepare
the way in advance of your arrival. Fax your papers to your next
destination and make sure they know you are not documented. Carry a
certified Apostille copy of your registration title.
' Getting insurance may be difficult or impossible for international
travel, if the vessel is not documented. Advise your insurance company
concerning the steps you are taking to avoid problems with the lack of
being a documented vessel.
' Buying a boat in a foreign country can be complicated and frustrating.
There are a myriad of tax, duty, insurance and documentation issues to
be dealt with. If you intend to cruise in the country where the boat is
being bought, consider chartering it under a bare-bones charter, until
you get it where you want to change its registration; this might include
taking it all the way home. The original contract having a termination
sale clause in it, where you then finalize buying it.
As usual there is more to it than just this, but this information should
help clarify the issues.
Mike
_____________________________________
Capt. Mike Maurice
Beaverton Oregon(Near Portland)
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