WHAT DETERMINES WHETHER A VESSEL SHOULD BE STATE TITLED OR DOCUMENTED WITH THE COAST GUARD?
Preference of the owner and/or lender and usage help determine whether a vessel will be state titled or documented with the Coast Guard. Different lenders have different requirements for documentation. Some call for it on any vessel that is eligible (five net tons or more); some on the size of the loan; and some on the usage of the vessel. Some owners that are not required to document the vessel because of a lender, choose to do so anyway because of where the vessel will be traveling or simply because they do not choose to mark the state registration number on the hull. Any vessel five net tons or larger that will be engaged in a commercial usage, carry passengers or freight or fishery, must be documented with the Coast Guard and must have the proper endorsements to engage in these activities. As more and more states are titling vessels, the titles are becoming stronger and stronger. It is usually a good form of titling, especially for the smaller vessels that will not be venturing int
Related Questions
- I have a small motorized tender to my Coast Guard documented or state registered vessel. Does this tender require a registration or can I label this boat "Tender To "?
- Can I operate a power vessel in the State of New Jersey if I possess a current United States Coast Guard operators license?
- WHAT DETERMINES WHETHER A VESSEL SHOULD BE STATE TITLED OR DOCUMENTED WITH THE COAST GUARD?
