Join Date: Jun 2011
Location: somewhere south of civilization
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Re: Foreign Flagged Boat US Citizen buyer requirements
Last I tried, you cannot document a foreign manufactured vessel. However, like in most things, there was a loophole. If over 50% of the vessel's equipment, such as engines and generators, then you may be able to get an exemption. It will (did) require a lot of back and forth with the CG, but I did get it done.
This probably will include paying import duty, and with the new regs, you need to see if that makes importing a foreign flagged vessel economical these days.
"Any idiot can make a boat go; it takes a sailor to stop one." Spike Africa aboard the schooner Wanderer in Sausalito, Ca. 1964.
“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows
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