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BOAT ADVERTISING QUESTION.
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Rick Itenson
Posts: n/a
On 13 Sep 2004 05:39:15 -0700,
(Coff) wrote:
I notice that some larger boats (80'+) advertised in some publications
list the craft as "Not for sale to U.S. citizens in U.S. waters".
What does this mean & why?
Coff,
This is usually used by foreign flag boats in the US on a cruising
permit. The permit allows you to stay in US waters for a year but if
you intend or advertise to sell the boat in the US you have to pay all
the import charges, duty etc. immediately, before any sale is made.
The little note seems to get around this.
Rick Itenson
Breathless
Toronto
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