buying a seized yacht from customs etc in carribean

[jerrytug]

Hi guys,a couple of mates got 2 pukka yachts ünder the counter"for cash (way below market value) from customs in carribean,back to blighty,the boats had been on some drug run `ting and the customs guys wanted cash and the boats out of the way. Obviously there will be issues,eg title,who really owns it,can you prove it`s yours etc,but it was still well worth it after the inevitable hassles and risks. I am now in a position to do the same and 2 or 3 of us are going out. Any suggestions as to which island? (Those particular yachts came from Florida with all the bells and whistles, but anything over 12M or so crewable by 2/3 would do if it made it.) This is a serious enquiry,never say never,thanks for any helpful replies,regards,Jerry.

 

[Stingo]

Why ask your mates where they found out about it?

 

[ThereAndBack]

Don't go the Caribbean - the bargains are here for you 'cash under the counter' people.

I have a nice bridge for sale, hardly used, want a quick cash sale. It goes across the Thames but is hardly used. A £50,000 cash deposit will get it, with the balance on delivery.

 

[Parsonsheath]

They do the same over here, though they do it in an open auction, so look for the Customs auction sites when you have seen the yacht of your dreams be confiscated!

 

[Gerry]

Have seen a few yachts sold by public auction in St Maartens. advertised in the local newspaper and on flyers.

 

[jerrytug]

Thanks for replies.
Thereandback:
Is that the one when the licenced Thames watermen confused single screw with Voith Schneider units? London Bubbler or something,anyway scrap price rocketing,sounds a good deal if I hear someone after a bridge will let you know.

 

[jerrytug]

Parsons,thanks,will ask.
S
tingo,it was 10 yrs ago.Gerry,thanks I will check it out

 

[captainslarty]

I can only add that IF you buy a seized yacht, take plenty of WD40 of similar with you. /forums/images/graemlins/confused.gif

 

[Oliveoyl]

Have also heard that traces of drugs are nigh impossible to get rid of - sail the boat back to Europe, get greeted by sniffer dogs , go direct to jail.

 

[Lizzie_B]

US customs have auctions regularly - there is a link from US treasury website.
http://www.treas.gov/auctions/
It also resolves the paperwork problems with ownership etc as you have US government title deed, and history issued when you purchase and you can still make big savings on the already low US market price.
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[andygreen84]

What did your mates get for how much money?

 

[Lizzie_B]

Think this was meant for jerrytug, however, a friend of mine recently got this 40ft C&C

for £10k from a brokerage north of Chicago, so would guess auction prices better. I think USCG also hold auctions. You can email an enquiry via their homepage at www.uscg.mil
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