| Home |
| Search |
| Today's Posts |
|
|
|
#1
posted to rec.boats
|
|||
|
|||
|
"Eisboch" wrote in message . .. "RJSmithers" wrote in message ... Whenever non-attorney's give you free advice, realize it is worth exactly what you have paid for it. You would not be responsible for any damages or have any more liability than if someone stole your car and had an accident, even if it was a fatal accident. Probably, however Admiralty law is often different than common law. I am not an expert, but it's something about prior liabilities follow the boat, not the past owner. There was a case a few years back where the owner of a boat had caused damage to a restricted sea grass area or reef or something. He subsequently sold the boat. The environmental guys eventually tracked the offending boat down and the new owner .... who knew nothing of the event .... was held financially responsible. He fought it and got the fine reduced considerably, but still had to pay something like 20K if I recall the story correctly. I wonder if things are different if the boat is USCG documented rather than just registered with the state? Isn't documentation akin to title insurance? |
|
#2
posted to rec.boats
|
|||
|
|||
|
"NOYB" wrote in message link.net... "Eisboch" wrote in message . .. Probably, however Admiralty law is often different than common law. I am not an expert, but it's something about prior liabilities follow the boat, not the past owner. There was a case a few years back where the owner of a boat had caused damage to a restricted sea grass area or reef or something. He subsequently sold the boat. The environmental guys eventually tracked the offending boat down and the new owner .... who knew nothing of the event .... was held financially responsible. He fought it and got the fine reduced considerably, but still had to pay something like 20K if I recall the story correctly. I wonder if things are different if the boat is USCG documented rather than just registered with the state? Isn't documentation akin to title insurance? I don't know. In the case I described the boat was a big one and I am sure it was documented. Eisboch |
|
#3
posted to rec.boats
|
|||
|
|||
|
On Fri, 30 Mar 2007 15:09:28 GMT, "NOYB" wrote:
Isn't documentation akin to title insurance? Not exactly. Documentation establishes the chain of ownership and establishes that there are no unfullfilled *prior* liens. I have personal knowledge of a case however where a governmental authority threatened a lien and vessel seizure because of an alleged tax liability incurred by a prior owner ten years in the past. Supposedly all they have to do is notify the Coast Guard to effect the seizure. The boat in question was bought with the usual contractural assurances of clean title, no liens, judgements, etc plus an assurance to defend against any such action. That is all meaningless however unless you can get your legal hands on the prior owner(s), and meanwhile the boat could be under seizure and tied up in litigation until the mess is resolved. Fortunately in this case, the governmental agency in question came to their senses and decided not to pursue it further but it was very messy and tense while it lasted. One possible way to avoid or minimize such a risk is to document offshore which breaks the USCG chain of title and makes the boat very difficult to trace through its doc number. |
| Reply |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| Sold the Scout | General | |||
| Scout messed up! | ASA | |||
| Last remaining White Star Line vessel to be sold for scrap | Tall Ships | |||
| used sail material needed for scout projects | Boat Building | |||
| FS: O'Day in NY, SOLD | Marketplace | |||