SailNet Community - View Single Post - Coast Guard Documentation?
View Single Post
Old 01-24-2005
paulk's Avatar
paulk paulk is offline
Senior Member
Join Date: Jun 2000
Location: CT/ Long Island Sound
Posts: 2,597
Thanks: 4
Thanked 26 Times in 25 Posts
Rep Power: 15
paulk is on a distinguished road
Coast Guard Documentation?

Another advantage of documentation is that when you sell the boat, it allows the buyer to do a title search and lien check much more simply. Loan companies like this, so your buyer may be able to get a loan more easily or quicker than he would otherwise. A boat that is sold from OR to CA may have liens against it in OR. A second buyer in CA might find this out while on a cruise -- when he arrives at the marina in OR his boat owes money to, and which he is, by virtue of his ownership of the vessel, liable for. Federal documentation allows for liens and titles to all be traced by the Feds in one place. Much cleaner & neater system than having 50 different states to check when you buy a boat.
Reply With Quote Share with Facebook