Josh has a good point. In some/most states you can get a title for your boat, but documentation is like a national title with a lien that can’t be ignored. So most lenders prefer that you register the mortgage with the USCG and get the documentation. Even the local credit union where I took out a piddly $30k loan to buy Imzadi in 2003 wanted the boat to have a mortgage registered with the USCG.
I documented the boat primarily to enable cruising outside the US. Documentation is actually a legal requirement, though it is often ignored. I sometimes use the boat as an uninspected passenger vessel with paying guests and, while documentation is not an actual requirement, I understand the USCG boardings go a lot smoother if you are documented. North Carolina started requiring registration of documented vessels in 2014, and now we must put a sticker on both sides of the bow to show state registration. But for the first 11 years I didn’t need those ugly numbers on the hull and I saved the $25 a year on state registration costs. I also like the paper trail that goes along with documentation. I know Imzadi’s former names and who the former owners were all the way back to April 1976 when she was first documented. Rick Brass Washington, NC From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Josh Muckley via CnC-List Sent: Wednesday, January 13, 2016 8:47 PM To: C&C List <cnc-list@cnc-list.com> Cc: Josh Muckley <muckl...@gmail.com> Subject: Re: Stus-List Vessel Documentation Patrick, When I bought my boat the lending company required me to use a documentation company for the title abstracts. Between the two I ended up being documented. When I decided to do day trips as a UPV I needed documentation anyway. Josh Muckley S/V Sea Hawk 1989 C&C 37+ Solomons, MD On Jan 13, 2016 7:53 PM, "Patrick Davin via CnC-List" <cnc-list@cnc-list.com <mailto:cnc-list@cnc-list.com> > wrote: I'm surprised so many people on here are USCG documented. I thought USCG documentation (as opposed to merely state registration) is mostly only beneficial to those traveling internationally. (and not everyone commenting travels internationally).
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