Satisfaction of mortgage is a document that needs the lender’s signature. It is proof that the borrower has paid off the loan in full. It also indicates that it is no longer a lien on the boat. This document must be filed with the United States Coast Guard. In this way, the boat’s details will…
All boats engaged in foreign commerce must comply with the regulations in the International Conventions. And these include the International Labor Organization and International Maritime Organization. The US is a signatory to several Conventions. When your boat has USCG documentation, you may not adhere to the conventions that the US is not part of. When…
Buying a big ship or a yacht can be exciting for you and your family. You can cruise anywhere you want, whether it’s the US water or foreign waters. But as a soon-to-be owner, you need to perform a thorough research about the boat you’re planning to purchase. It’s true that you can opt for…