Join Date: Apr 2006
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Re: Finally, they've gone and done it
Forgetting to inform authorities really has no relation to multi-year anything. For instance, a state title is "forever". You forget to say that you sold the boat? In some states, that's not a legal issue. In others, you are in fact required to report the sale and transfer, and penalized if you don't.
So, state title, state registration (which can be multi-year already in many states for quite a while now, cars too) or USCG documentation...The one year period should not be an issue. I expect the USCG sticks to one year perhaps because of international convention, or simply because they prefer that something as potentially valuable as a boat or ship (remember, recreational vessels are just in there as a courtesy) is "touched" by official hands every once in a while.
"Boats" are not their real purpose, commercial ships are.