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#1
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posted to rec.boats
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I just sent the check to the surveyor yesterday. Survey is being done on
Friday. I'm looking at the boat on Saturday. The official survey won't be sent to me until Monday or Tuesday, but the surveyor said that he'd give me a verbal thumbs up or down by Saturday. By Saturday at noon, I could be burning $350 worth of gas travelling on the boat en route to Naples from the seller's marina near Tampa. I've been boating for over 20 years, buy have never owned a twin screw boat this size (31' LOA...10'7" beam). It should be a learning experience. The loan company says that the boat must be CG documented. What are the rules/requirements for CG documentation? And what's the purpose of it? |
#2
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posted to rec.boats
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![]() NOYB wrote: I just sent the check to the surveyor yesterday. Survey is being done on Friday. I'm looking at the boat on Saturday. The official survey won't be sent to me until Monday or Tuesday, but the surveyor said that he'd give me a verbal thumbs up or down by Saturday. By Saturday at noon, I could be burning $350 worth of gas travelling on the boat en route to Naples from the seller's marina near Tampa. I've been boating for over 20 years, buy have never owned a twin screw boat this size (31' LOA...10'7" beam). It should be a learning experience. The loan company says that the boat must be CG documented. What are the rules/requirements for CG documentation? And what's the purpose of it? The CG document is a certificate of ownership. In some ways, it is like a "title" that you could get from your state government, but the CG document trumps state titles (and in fact, states are prohibited from issuing titles to boats with a CG document). The document will list the HIN, the builder, the owner (you), and the leinholder (the loan company). Your lender prefers a document to a state title because it is a lot easier to repo the boat if you stop making payments and decide to hide out in Alabam or Louisiana to avoid your creditors :-) Most states still require that you *register* the boat and pay any associated sales or use tax, even though your boat will be "documented" rather than titled. The regulation that prevents states from issuing titles to documented boats does not prohibit states from requiring a registration. However, you can not display state registration numbers on your hull if you are documented. There is some chance you may be boating in a foreign country, such as the Bahamas (?), and you will have some itsy bitsy little teeny bit better security in the ownership of your boat with a certificate of ownership backed up by the US Government than one backed up by the State of _________. |
#3
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posted to rec.boats
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![]() wrote in message ups.com... NOYB wrote: I just sent the check to the surveyor yesterday. Survey is being done on Friday. I'm looking at the boat on Saturday. The official survey won't be sent to me until Monday or Tuesday, but the surveyor said that he'd give me a verbal thumbs up or down by Saturday. By Saturday at noon, I could be burning $350 worth of gas travelling on the boat en route to Naples from the seller's marina near Tampa. I've been boating for over 20 years, buy have never owned a twin screw boat this size (31' LOA...10'7" beam). It should be a learning experience. The loan company says that the boat must be CG documented. What are the rules/requirements for CG documentation? And what's the purpose of it? The CG document is a certificate of ownership. In some ways, it is like a "title" that you could get from your state government, but the CG document trumps state titles (and in fact, states are prohibited from issuing titles to boats with a CG document). The document will list the HIN, the builder, the owner (you), and the leinholder (the loan company). Your lender prefers a document to a state title because it is a lot easier to repo the boat if you stop making payments and decide to hide out in Alabam or Louisiana to avoid your creditors :-) They must have looked at my debt to income ratio. ;-) Most states still require that you *register* the boat and pay any associated sales or use tax, even though your boat will be "documented" rather than titled. The regulation that prevents states from issuing titles to documented boats does not prohibit states from requiring a registration. However, you can not display state registration numbers on your hull if you are documented. Great info! But the boat that I'm buying: a) has a title b) has state registration numbers c) has not been documented The current owner doesn't have a lien against it. Perhaps that's why he never documented it? I am paying cash for the boat, and then turning around and financing it after the fact. The title will be in my possession by then. I suspect that I'll have to surrender the title to the finance company in exchange for the CG document. There is some chance you may be boating in a foreign country, such as the Bahamas (?), and you will have some itsy bitsy little teeny bit better security in the ownership of your boat with a certificate of ownership backed up by the US Government than one backed up by the State of _________. Is that the only "benefit"? Where does the name have to appear on the boat? Gunwales? Transom? And how soon after the purchase do I have to get that info stickered or painted on the boat? |
#4
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posted to rec.boats
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![]() NOYB wrote in message nk.net... Where does the name have to appear on the boat? Gunwales? Transom? And how soon after the purchase do I have to get that info stickered or painted on the boat? Usually a documented boat has the name on the transom at a minimum, along with the hailing port name. There are regulations as to the size of the lettering of the hailing port. Also, the documentation number is supposed to be permanently affixed to an internal structural part of the hull in a manner in which it's removal would be noticeable. These numbers also have size requirements. My boat has the numbers burned into a teak plank that is affixed to a bulkhead in the engine room. I cheated by simply bolting the plank to the bulkhead whereas most I've seen are glassed on. I am not sure what the requirements are for a twin engine outboard though. Seems there may not be enough room on the transom for a boat name and hailing port. BTW - Florida *is* one of the states that requires a state registration even though the boat is federally documented. I had my Navigator in Florida waters for over a year and was technically supposed to register it there. (90 day rule). I never did and got away with it. MA does not require state registration of documented boats, although I am sure it will occur to some bureaucrat that it would be another revenue stream someday. One nice thing about documenting the boat is that the yearly renewal is free and the USCG automatically sends a renewal notice. Eisboch |
#5
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posted to rec.boats
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![]() "Eisboch" wrote in message ... NOYB wrote in message nk.net... Where does the name have to appear on the boat? Gunwales? Transom? And how soon after the purchase do I have to get that info stickered or painted on the boat? Usually a documented boat has the name on the transom at a minimum, along with the hailing port name. There are regulations as to the size of the lettering of the hailing port. Also, the documentation number is supposed to be permanently affixed to an internal structural part of the hull in a manner in which it's removal would be noticeable. These numbers also have size requirements. My boat has the numbers burned into a teak plank that is affixed to a bulkhead in the engine room. I cheated by simply bolting the plank to the bulkhead whereas most I've seen are glassed on. I am not sure what the requirements are for a twin engine outboard though. Seems there may not be enough room on the transom for a boat name and hailing port. BTW - Florida *is* one of the states that requires a state registration even though the boat is federally documented. Does that mean the boat will have "FL" numbers as well? I thought you couldn't put state registration numbers on a documented boat? |
#6
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posted to rec.boats
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On Thu, 17 Nov 2005 14:07:46 GMT, "NOYB" wrote:
Does that mean the boat will have "FL" numbers as well? I thought you couldn't put state registration numbers on a documented boat? ================================================== = No registration numbers but you are supposed to display the small square "FL sticker" somewhere on the forward port side of the boat. |
#7
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posted to rec.boats
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![]() "NOYB" wrote in message nk.net... "Eisboch" wrote in message ... NOYB wrote in message nk.net... Where does the name have to appear on the boat? Gunwales? Transom? And how soon after the purchase do I have to get that info stickered or painted on the boat? Usually a documented boat has the name on the transom at a minimum, along with the hailing port name. There are regulations as to the size of the lettering of the hailing port. Also, the documentation number is supposed to be permanently affixed to an internal structural part of the hull in a manner in which it's removal would be noticeable. These numbers also have size requirements. My boat has the numbers burned into a teak plank that is affixed to a bulkhead in the engine room. I cheated by simply bolting the plank to the bulkhead whereas most I've seen are glassed on. I am not sure what the requirements are for a twin engine outboard though. Seems there may not be enough room on the transom for a boat name and hailing port. BTW - Florida *is* one of the states that requires a state registration even though the boat is federally documented. Does that mean the boat will have "FL" numbers as well? I thought you couldn't put state registration numbers on a documented boat? If it is like Mich, the state will issue you numbers, but you do not display them on the boat. |
#8
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posted to rec.boats
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![]() NOYB wrote: I just sent the check to the surveyor yesterday. Survey is being done on Friday. I'm looking at the boat on Saturday. The official survey won't be sent to me until Monday or Tuesday, but the surveyor said that he'd give me a verbal thumbs up or down by Saturday. By Saturday at noon, I could be burning $350 worth of gas travelling on the boat en route to Naples from the seller's marina near Tampa. What marina? |
#9
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posted to rec.boats
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![]() wrote in message oups.com... NOYB wrote: I just sent the check to the surveyor yesterday. Survey is being done on Friday. I'm looking at the boat on Saturday. The official survey won't be sent to me until Monday or Tuesday, but the surveyor said that he'd give me a verbal thumbs up or down by Saturday. By Saturday at noon, I could be burning $350 worth of gas travelling on the boat en route to Naples from the seller's marina near Tampa. What marina? Yeah, right. Like I would tell you so that you can monkey with the surveyor and/or seller. I'll post the marina's name on Sunday when I get back to Naples...after the sale goes through. |
#10
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posted to rec.boats
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![]() NOYB wrote: wrote in message oups.com... NOYB wrote: I just sent the check to the surveyor yesterday. Survey is being done on Friday. I'm looking at the boat on Saturday. The official survey won't be sent to me until Monday or Tuesday, but the surveyor said that he'd give me a verbal thumbs up or down by Saturday. By Saturday at noon, I could be burning $350 worth of gas travelling on the boat en route to Naples from the seller's marina near Tampa. What marina? Yeah, right. Like I would tell you so that you can monkey with the surveyor and/or seller. I'll post the marina's name on Sunday when I get back to Naples...after the sale goes through. Jeez, you're paranoid little putz, aren't you? By telling the name of the marina, how would anybody know who the surveyor, or owner was? It's odd that every time that Harry mentions buying or selling something, you all pig pile on, asking for all the details, and if they aren't given, you call him a liar. Have an Ybor Gold for me, it's good stuff. |
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