Tranona
Well-Known Member
Simply because it makes it easy to resell
In what way? If boats on the SSR are difficult to sell why are so many sold?
I cannot see how it can make any difference, but happy to learn that I may be wrong!
Simply because it makes it easy to resell
In what way? If boats on the SSR are difficult to sell why are so many sold?
I cannot see how it can make any difference, but happy to learn that I may be wrong!
Well it is like this:
If my next boat is a Mcgreggor 26 then I am quite happy to save 400 quid and have a useless piece of encapsulated card that looks like I have taken third prize in a choirboys sack race. The person I sell it to is probably quite happy too.
If my next boat is a Swan 45 then saving £400 is probably not the top of my agenda. I will want the useful and imposing Blue Book. So will the chap who buys it from me down the line.
You have to interpolate between the two cases. Two identical boats, the one on Part 1 will sell first.
Better title, pretty paperwork, human nature.
Well it is like this:
Better title, pretty paperwork, human nature.
And have any yachtsmen `flagged out` to Panama for example for any reason?
That is just plain silly. The paperwork is no longer "pretty", just a scrap of laminated card.
Yes, part one Guernsey is the way to go. You still get a nice Blue Book with a written record of ownership, which goes a long way to impress at sale time.
I don't know what it costs, maybe 300/400 quid and 75 at change of ownership, in other words a tiny amount in respect of a new boat.
It lasts the life of the boat - now. I understand they have changes in train, so for the future who knows, I guess they have politicians in the CI's as well
"Sorry to disapoint you - but today the part one registration document is just a piece on encapsulated greenish card."
Please pay attention at the back: http://www.shipsregistry.gov.gg/reg_pt1.htm#fees1
If in doubt read the thread.
For those of you who believe that SSR is the way to go, a word of caution: some years ago I bought a new boat without finance from a manufacturer appointed sales agent and then found, some weeks later the boat chained and padlocked to the pontoon. The agent had used stock finance to purchase the boat from the builder and despite receiving cash from me had not paid off the stock finance; the bill of sale, by the way, showed that there were no encumbrances.
Had I applied for Part 1 registration, the MCA would have found that the boat was mortgaged.
Luckily, the agent found some money (before he went bust some weeks later) to pay off the stock finance and the chain was removed.
However, I had a very worrying 2 weeks where I thought I had lost £250,000 with no legal recourse whatsoever.
Apparently using stock finance to buy boats from builders is standard practice among sales agents, so if your boat is worth more than a few bob, you now know the way to go!