Advantages of Part One over SSR?
- Thread starter wotayottie
- Start date
doug748
Well-Known Member
Sorry Twister Ken, I overlooked the nature of your earlier post.
If your chum went for Part I Guernsey he will get the inestimable Blue Book. Thus any perspective buyer can view it, see the registered address of the owner/seller, check this against the known facts about who is offering the boat for sale. Sneak a peek at the previous owner/s and his address/s, contact them and make some enquiries about the history of the boat. Most people are only too happy to chat about boats - you can learn a lot. Of couse your friend is not buying, he would be selling, but as an honest man, with a good boat, this is all to his advantage.
Add to this the fact that the register may be inspected at St Peter Port on production a tenner, and that the staff are very helpful, and that the book forms a permanent (almost romantic) record of changes to the boat and it's keepers; it adds up to a useful package.
He is also likely to avoid that rotten tax on his annual insurance premium, even if berthed in the UK. He should approach his insurance company on this one, and go at them hard. I cannot see any way at all he should pay this if he is keeping the boat overseas.
He might consider fitting out in the CI to avoid VAT on his UK goods but that is another matter.
I only take my boat to the immediate coasts of France where CI boats are ten a penny, so the validity of the registration in the eyes of officials is not an issue. In the wider world I do not know, in the Med or across the atlantic, who would know Guernsey was not UK? It is in the same loose grouping of northern European registration states.
Perhaps another post: Guerney Registration.. any Problems? might yield some info.
I have nothing to do with the CI tourist board! I have a Guernsey registration by chance, but I have found their service excellent. If I were ever in the fortunate position of having a new build, it would be Guernsey registered Part1.
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Tranona
Well-Known Member
How romantic! Apart from the Blue Book, rather than a certificate and longer validity, there is absolutely no advantage in registering a boat in Guernsey for a UK based person. An MCA Part 1 gives you all of the same benefits (if you believe they are benefits) and a Part 3 gives all the benefits apart from a registration of title (but does not actually confer title - that is the Bill of Sale) and the ability to register a charge. The SSR is accepted everywhere in the world as evidence of UK registration - indeed it was introduced for that sole purpose.
So the only practical reason for going on Part 1 is that it allows registration of charges - but even then the lack of a registration of a charge does not mean that there is no charge over the boat.
Please explain the "rotten tax on his insurance" and why fitting out a boat in Guernsey to avoid VAT is a benefit that needs registration in Guernsey. If he keeps his boat in the UK he can do that anyway - if he wants to break the law by importing goods from the Channel Islands into the EU/UK without paying VAT. Insurance tax (a tiny amount) is payable where the contract is written, not where the boat is kept. I have just renewed the insurance on my boat in Greece with a UK underwriter - and have paid legitimately the 5% tax. If I insured it with an underwriter in another country it would be subject to the taxes (if any) in that country.
Suspect there is some rose tinted spectacle stuff going on here rather than an understanding of the real world facts.
So the only practical reason for going on Part 1 is that it allows registration of charges - but even then the lack of a registration of a charge does not mean that there is no charge over the boat.
Please explain the "rotten tax on his insurance" and why fitting out a boat in Guernsey to avoid VAT is a benefit that needs registration in Guernsey. If he keeps his boat in the UK he can do that anyway - if he wants to break the law by importing goods from the Channel Islands into the EU/UK without paying VAT. Insurance tax (a tiny amount) is payable where the contract is written, not where the boat is kept. I have just renewed the insurance on my boat in Greece with a UK underwriter - and have paid legitimately the 5% tax. If I insured it with an underwriter in another country it would be subject to the taxes (if any) in that country.
Suspect there is some rose tinted spectacle stuff going on here rather than an understanding of the real world facts.
doug748
Well-Known Member
Aye too true brother, apart from that -
and the standard of service
and the better title
and the avoidance of insurance tax
What have the Romans ever done for us?
Tranona
Well-Known Member
Why is the "standard of service" that you describe so important. My SSR was done on line and with me by return. What more do you need and it only cost £25
Once and for all there is no "better title". All you get is registration of the title, but as this depends on sight by the registrar of the original document of title, the Bill of Sale, it is meaningless. Try selling a boat just on the basis of the "Blue Book" as evidence of title.
Please explain how it allows you to avoid the "insurance tax". You can insure your boat anywhere you like, Any tax is based on where the insurance is written, not on the location or registry status of the boat.
As I have said, there is nothing wrong in ascribing personal value to that type of registration - just don't claim it does things it does not.
David_Jersey
Well-Known Member
No better title? Given that neither are proof of title then you are correct. However, the Blue Book / part 1 provides better supporting evidence of title - whether that matters enough to be "better" will depend on the purchasor.
Selling a boat just on the basis of the blue book? Given some of the posts on YBW.com some will be happy on buying with way less documentation than that.......if anything at all
But as I said in a previous post (well, it was a previous post - it might now be a later post
) SSR is adequate registration, even if I personally would go for Blue Book / Part 1 for a new boat, especially one of a higher value.Tranona
Well-Known Member
Glad you agree with me. As the Blue Book information is dependent on there being a valid Bill of Sale, it gives no more information on ownership than the original document.
You are right - people buy and sell boats that are short of documentation, but as you cant have a Blue Book registration without a Bill of Sale there seems a certain amount of redundancy.
I had to make a choice of Part 1 or SSR for my expensive boat. I chose SSR simply on cost grounds as the survey cost in Greece would have more than doubled the cost. However, I own it outright, am only the second documented owner and if a future buyer wanted to secure finance against it then Part 1 registration would be simple. In the meantime the SSR is fine.
I already have a Part 1 registered boat and can get my nostalgia kick from looking at its Blue Book if I want!
You are right - people buy and sell boats that are short of documentation, but as you cant have a Blue Book registration without a Bill of Sale there seems a certain amount of redundancy.
I had to make a choice of Part 1 or SSR for my expensive boat. I chose SSR simply on cost grounds as the survey cost in Greece would have more than doubled the cost. However, I own it outright, am only the second documented owner and if a future buyer wanted to secure finance against it then Part 1 registration would be simple. In the meantime the SSR is fine.
I already have a Part 1 registered boat and can get my nostalgia kick from looking at its Blue Book if I want!
Twister_Ken
Well-Known Member
I sense we may have peace breaking out!
Tranona
Well-Known Member
Hope so!