Tamaroak wrote:
I have a trawler which I captain for charter on Lake Superior. In
reading over the requirements in 46CFR67.23 I find "recreational
endorsement entitles a vessel to pleasure use only." 46CFR67.325 states
"a vessel documented exclusively for recreation may not be used for
purposes other than pleasure." I subsequently obtained the waiver, as I
really couldn't think of anything I would rather spend the $500 on.

Capt. Jeff

HI Capt.

Is this the program you are talking about?
http://www.marad.dot.gov/programs/sm...sel/index.html
Bob

Bob wrote:
Tamaroak wrote:
I have a trawler which I captain for charter on Lake Superior. In
reading over the requirements in 46CFR67.23 I find "recreational
endorsement entitles a vessel to pleasure use only." 46CFR67.325 states
"a vessel documented exclusively for recreation may not be used for
purposes other than pleasure." I subsequently obtained the waiver, as I
really couldn't think of anything I would rather spend the $500 on.

Capt. Jeff

HI Capt.

Is this the program you are talking about?
http://www.marad.dot.gov/programs/sm...sel/index.html
Bob

Yes, I obtained this because my boat was built in Canada. However the
USCG states I still have to obtain coastwise registry, which will cost
another $113. I am excited....

Capt. jeff

Bob wrote:
Tamaroak wrote:
I have a trawler which I captain for charter on Lake Superior. In
reading over the requirements in 46CFR67.23 I find "recreational
endorsement entitles a vessel to pleasure use only." 46CFR67.325 states
"a vessel documented exclusively for recreation may not be used for
purposes other than pleasure." I subsequently obtained the waiver, as I
really couldn't think of anything I would rather spend the $500 on.

Capt. Jeff

HI Capt.

Is this the program you are talking about?
http://www.marad.dot.gov/programs/sm...sel/index.html
Bob

Yes, and it now allows me to spend another $113 on the actual coastwise
registry. I would not have had to spend the $500 if the boat was US built.

Capt. Jeff

Bob wrote:
Tamaroak wrote:

All sailboat instructions are exempt from these parts of the CFR, in my
interpretation of the law. Powerboat chartering is different, and I
believe powerboat instruction is, too, but don't take my word for it.
Capt. jeff


Hi Capt Jeff:
Thanks for the details. So would it be possible to "charter" your
trawler as a Recreational boat if everyone was "actively engaged in
learning?"

You can bareboat it, but it has to be coastwise if i'm doing the
captaining. My insurance doesn't want me to send it out without a USCG
captain anymore.

I have never heard about a "Documentation Waiver"
Are you documented Recreational AND doing Subchapter C uninspected
passenger vessel work? Are you also the master? Is this Beyond the
boundary Line stuff or Inland?

Yes, I'm the master and it's on Lake Superior, uninspected. And I'm
changing to coastwise registry.

Where do you do your chartering. Is it a sight seeing sort of thing?
I am very interested in a similar thing. I am not trolling or anything
here. Just genuinely interested.

In may case I am not sure how hard I want to push the IRS Hobby - Loss
3/5 year obstacle. All the reading I found relating to charter
operations is that they are real dollar eaten propositions with an even
more bleak forecast. And add to that the advice I got from my CPA about
hobby- loss.

Always interested in finding a way to ease the cash out flow regarding
my boat. (Yea, know keep dreaming..)
Suggestions?

The chartering helps, especially the first year when I had to deduct the
cost of getting the boat from Chesapeake bay to Lake Superior and
outfitting it for charter. Lots of big writeoffs. I could make money
some years, though if i charter enough.
Capt. Jeff