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post #1 of Old 04-09-2004 Thread Starter
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C.G. Documentation

I know I''ve seen a post like this before but now that I am in the process of buying a new (to me) boat this has popped up. The boat is currently a U.S.C.G documented vessel. Does this mean that it MUST continue to be documeted by the new owner (me)??? My bank will not finalize my loan application unless THEY re-document the vessel for me (which will cost me another $''s not that it is a huge sum of money, but if the boat doesn''t have to have it why are they making me get the boat documented in my name?? If I have to get the boat documented, do I need to do this every year and pay $450 each year?? Or is this a 1 time thing, until I sell the boat?? PLUS, it''s 10 days to 2 weeks to get the boat documented BEFORE I finalize the loan and take over as the new owner....phew sorry for rambling on but I''m a bit anxious to get working on the boat and I keep running into roadblocks.
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