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Following is a detailed list of the DOCUMENTATION services Maritime Vessel Surveying, Inc. can
provide a client.
Vessel
Documentation
What Is Documentation?
Vessel documentation is a national form of registration. It is one of
the oldest functions of Government, dating back to the 11th Act of
the First Congress.
Documentation provides conclusive evidence of nationality for international
purposes, provides for unhindered commerce between the states and admits
vessels to certain restricted trades, such as coastwise trade and the
fisheries. Since 1920, vessel financing has been enhanced through the
availability of preferred mortgages on documented vessels
Vessel documentation is a one time process whereby official papers are
issued by the U. S. Coast Guard. These need to be renewed annually and
the USCG sends you notification of when this renewal is due. Once you pay
the fee, the USCG will send you a decal for the current year.
The Certificate of Documentation provides
conclusive evidence of nationality for international purposes
and becomes eligible for First Preferred Ships Mortgage,
an internationally recognized maritime lien and required
by most banks
and lending institutions.
To qualify a vessel must measure at least 5
net tons and must be wholly owned by a citizen of the
U.S. Vessels of five net tons or more used in Commercial
fishing or Coastwise trade must be documented.
How Do I Establish U.S. Citizenship?
Citizenship is established by completion of form CG-1258. In addition
to individuals, corporations, partnerships, and other entities capable
of holding legal title may be deemed citizens for documentation purposes.
Corporations must be registered in a state or the U.S; the chief executive
officer and chairman of the board of directors must be U.S. citizens,
and no more than a minority of the number of directors necessary to
constitute a quorum may be non-citizens. In addition, at least 75%
of the stock must be vested in U.S. citizens for a coastwise endorsement,
and more than 50% of the voting stock must be vested in U.S. citizens
for a fisheries endorsement
If the vessel is new and has never been documented,
ownership may be established by submission of a Builder's
Certification (Form CG-1261), naming the applicant for
documentation as the person for whom the vessel was built
or to whom the vessel was first transferred. Also acceptable
are a transfer on a Manufacturer's Certificate of Origin,
a copy of the State Registration or Title or foreign
registration showing that the applicant owns the vessel.
How do I establish ownership ?
In the case of a previously owned vessel, the applicant must present
bills of sale, or other evidence showing transfer of the vessel from
the person who last documented, titled, or registered the vessel, or
to whom the vessel was transferred on a Builder's Certification or Manufacturer's
Certificate of Origin. If title was transferred by some means other than
a bill of sale, contact the NVDC for assistance
Why and How is Build Evidence Established?
Evidence that a vessel was built in the U.S. is required for a vessel
which is to be used in the fisheries or coastwise trade. Build evidence
is normally established by submitting a Builder's Certification on
form CG-1261. That form must be completed by the person who constructed
or oversaw the construction of the vessel or an official of the company
that built the vessel who has examined the records of the company to
determine the facts of build.
Documented
Recreational Vessels do not display their official
numbers on the outside of the hull, but are identified
by the name and hailing port.
States may require documented vessels to be registered (but not numbered)
and to display state decals showing that they have complied with
state requirements.
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Vessel Documentation Continued
We will
obtain all the necessary instruments of title, prepare the application
and handle the documentation
process with the United States Coast Guard.
The Fee for Documentation ranges from $300.00 and up and includes
Federal application charges.
Change
of Status
Complete "Change of Status" package
that provides clients with the assistance they need to
change a vessel from a documented one back to a private
status.
Claim
of Lien
Complete "Claim of Lien" service that
provides clients who wish to file a "Notice of Claim
To Lien" against a currently documented vessel.
Note: In order to record the claim of lien, at least
one outstanding mortgage must already exist on the vessels
abstract of title.
Documentation
Removal
Complete "Documentation Removal" package
that provides clients with the assistance they need to
properly remove a vessel from U.S.Coast Guard documentation.
Initial
Documentation
Complete range of U.S. Coast Guard "Initial
Documentation" services for both pleasure and commercial
vessels.
Maritime Vessel Surveying, Inc. can accomplish
the title search, documentation
and mortgaging of your vessel without you having to spend your time and
aggravation.
Lien
Clearance
Complete "Lien Clearance" package
that provides clients with the assistance they need to
obtain payoff quotations, arrange the payoff, and obtain
all necessary lien holder releases.
Preferred
Mortgage
Complete "Preferred Mortgage" package
that is designed to provide all of the necessary services
to record a preferred mortgage on a documented vessel.
This package includes all of the following:
- Coast Guard abstract of title for previously documented vessels.
- Full preparation of the mortgage
- Procurement of all necessary signatures
- A follow up abstract to assure the recording is properly indexed.
Re-Documentation
Complete range of U.S. Coast Guard "Re-Documentation"services
for both pleasure and commercial vessels.
Replace
Lost Document
Complete "Replace Lost Document" package
that provides clients with the assistance they need to
replace a lost document for their vessel.
Satisfaction
of Mortgage
Complete "Satisfaction of Mortgage" package
that includes all the necessary services to prepare and file a satisfaction
of mortgage with the U.S. Coast Guard.
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