Changing from Part 1 to Part 3 Registration

[Carduelis]

Just bought a boat which is Part 1 registered.

As I can't see myself taking her outside Europe, I thought I'd just register on Part 3 and save some cash. Apparently I can't do this without taking her off Part 1 - but there is no info as to how to do this. Anyone know? Is there any other advantage to staying on Part 1?

BTW - the broker gave me a MCA Bill of Sale. Will he have sent them a copy, thereby notifying them of the new ownership?

 

[ebbtide]

You did say Europe, so my advice is "Don't do it!", particularly if your VAT paperwork isn't cast iron.
For expert advice ring the RYA .

 

[wotayottie]

Some people gain extra re-assurance from the part 1, though I doubt that this is valid. Nevertheless, it will help on re-sale so its probably worth keeping up.

Totally irrelevant as far as vat is concerned.

 

[Krusty]

When my boat's Part 1 approached expiry date, I too questioned the benefits, and was repeatedly advised against letting it lapse.
One of the reasons was that in the event of theft of the boat (which is not all that uncommon!) only Part 1 registration, with a proper Bill of Sale, are of any help in establishing rightful ownership if the boat is found: Part 3 is apparently useless outside this country, and not a lot better here.
I can't think of anything more galling than finding your boat in some foreign marina and being unable to convince the authorities that its 'new owner' has no right to it and you do!
Get all the authoritative advice you can find.
Good luck.

 

[jwilson]

Keep her on Part I and keep every scrap of paperwork you can relating to her. The only real disadvantage to Part I registration is the ludicrous cost of the tonnage survey when first registered, but that's already been done. The small extra cost of maintaining her on Part I is more than worth it when you come to sell, as it helps the next owner get a marine mortgage if he needs one.

 

[jimbaerselman]

Part 1 is proof of ownersip and of debts secured against the boat. Invaluable for re-sale.

Part 3 has no meaning, except that you said the boat was yours and MCA didn''t disagree. However, it is accepted as proof that you're the owner (however shaky that assumption is) in oversea countries - the majority of which require all boats to be registered compulsorily and don't understand our lackadaisical approach to such valuable assets . . .

 

[bryantee]

drifting off slightly.if you change the engine,what problems if any with part1 when the cert is due for renewal?

 

[ebbtide]

[ QUOTE ]
Totally irrelevant as far as vat is concerned.

[/ QUOTE ]

Not true. If there isn't any VAT documentation at all then Part I keeps agro on the home patch, whereas Part III is useless (again.)
Been there, got the T-shirt . . .

 

[dickh]

You just inform the authorities of the new engine when you reregister. I did this when I discovered that it had had a new engine fitted but never recorded so I told them when I became the new owner, all they wanted was a letter from a 'Marine Engineer' what the HP was, which was easy to do via the marina.

 

[doug748]

See dickh, however if you are Guernsey reg it is slightly more complex. If this is the case give me a PM.

 

[brownsox]

If you want to change the name of the boat, it will have to part 3 registered. Unless you want to change it to something weird and wonderful that no-one else has ever chosen, that is.
We've just bought a boat that's part 1 and are changing to part 3 mainly for that reason. We want the new one to be "Jessie" too. You simply write to Registry of Shipping & Seamen PO Box 165 Cardiff CF4 5FU, saying that you want to close the part 1 registration and enclosing the original registration certificate and a copy of the bill of sale.
Going by the vast numbers of boats that you see around with SSR numbers displayed, part 3 is very common and it is after all meant for "small" leisure boats. My understanding is that Part 1 is required if you have a marine mortgage.

 

[TRH]

If you have part 1 now on the boat,Then keep it up, I know it's a pain in the wallet every 5 years £50, but I think it's worth it,For resale reasons

 

[jimbaerselman]

[ QUOTE ]
If you want to change the name of the boat, it will have to part 3 registered. Unless you want to change it to something weird and wonderful that no-one else has ever chosen, that is.


[/ QUOTE ] The easy routine for name changing on part 1 is to add a number: 'Yeoman 4' or Yeoman 21' . This difficulty should not put you off the idea of staying on part 1.