Join Date: Nov 2009
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Yes I somewhat understand the liability aspect to some degree, but in my opinion your second point is the one that is the dealbreaker, and understandably so. The previous owner wants to only take the payment, sign over the title, and be done with it. However the additional hassle to the owner would in fact be totally negligible, other than to perhaps verify the document, and possibly later removing the title from their name.
I said 'renting', and that isn't the correct term because yes, that would imply huge liabilities insurance-wise. Moreso, it would be a letter of consent allowing explicit use and essentially a power of attorney over the ownership and sale of the yacht, such as one that might be provided to a consignment broker.
What other liability is there? If Frogmo is sailing by himself and kills himself while delivering the yacht, I don't see any ramifications for the 'current' owner. Any lawyer can draw up a contract that would exempt the owner from such liability.
On another note, Frogmo, having obtained such letter, I wouldn't worry about flying the British flag. Customs will not board your yacht looking for documentation, or for any other reason! You need to clear customs to leave the country, but once you're sailing, they can't touch you. If you're worried, just sail straight out and once you're 200 km out (hopefully less than a day), they have no right to board, especially if you're flying the British flag.
Finally, if you're not planning on taking a direct route, ie. waiting for spring to make the crossing and would like to visit the Caribbean, just dump all your food prior to entering port and claim force majeur. lol. This is a bit of a joke, but this would work in the case that a foreign port doesn't recognize your 'loose' documentation. Most Caribbean islands are very lax with this anyways and don't really care.
I'm curious to hear any responses to this. After myself contacting Canadian, British, and Latvian marine administrations and not being able to get any CLEAR procedures for purchasing a yacht from abroad, I'm tempted to take this method myself.