Part 1 or Part 111 registry

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BAtoo

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Just had my offer accepted on the next boat!! Need some advice about Part 1 or SSR registry. The boat is Part 1 registered; I wish to change its name & obviously change its ownership - princely sum of £117 - or I can deregister for nothing & go SSR for £25.

So what are the benifits of Part 1 over SSR???
 
Stick with Part I - it helps when you sell, as buyers can get evidence of title, and easier for buyers to get marine mortgages if needed.
 
Thanks John, Have spoken to them & on re-registering to me I do at least get a full 5 years registration so its not too bad ( current certificate expires '09).

I'll see if there is different opinion - almost bound too on here I expect!! /forums/images/graemlins/grin.gif
 
Have you the necessary evidence of VAT being paid?
If not then Part I at least places the problem this side of the Channel should you ever cross swords with French bureacracy.
 
( current certificate expires '09).

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I think you will find that the certificate expires once it contains incorrect details like owners name!!!!!!! But then you could delay buying the boat till 2009..

/forums/images/graemlins/laugh.gif /forums/images/graemlins/laugh.gif /forums/images/graemlins/laugh.gif
 
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Part I proves ownership title and has no bearing at all on VAT status.

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Part 1 is bl##dy good evidence of ownership title - but is not absolute proof. Hence the Certificate stating "A Certificate of Registry is not proof of ownership".........however in practice folk do accept it as proof, and I am sure in 99% of cases it matches the ownership.

As you state, not proof of VAT status, but a chain of Part 1 ownership (of UK owners) would help show that the Boat was a genuine UK boat on which VAT was probably long ago paid and supports the view that VAT is a matter for the UK. IMO every little bit helps.

I would also definately keep the Part 1.
 
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Haven't got VAT evidence yet but am assured by brokers it will come!

Sounds like Part 1 is the way to go..

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Don't assume anything - many brokers are sloppy in their admin. They should have all the documents - or at least copies in their possession BEFORE they place the boat on the market. In many cases the broker relies on the owners assurance that he has VAT proof; when it comes to pay day - they can't find it.....

Then you have an arguement on your hands.

See ALL the documentation NOW. Its part of the boat you are buying... When I bought, they didn't want to show me them - as they had not got them.
 
Part 1 proves ownership, and determines nationality, and hence VAT jurisdiction...... it is seen by foreign governments as a more robust document, and hence a better chance of being able to say "sod off.... VAT status is a British issue, and nothing to do with you"....
 
Part 1 registry now seems to have limitations as a record of chain of ownership. My boat has probably been registered from new in 1970, but when I 'phoned to see if I could get a list of previous owners, I was told that records older than 1994 no longer exist, ie before "computerisation". All I could be told was that my number was fairly old.
 
Current Part 1 registry is just a laminated A4 certificate. Before, I think, the early 1990s, it was the 'Blue Book', which is like the old car registration document. Has your seller got this? it gives absolutely positive evidence of the origins of the boat and its owners.
 
If I were purchasing, I wouldn't accept a "Blue Book" as proving anything beyond perhaps the builder and the year of build. They were officially cancelled years ago. As such the only benefit would be as part of the "paper chain" of the boat's history. ( It might be useful therefore, to have the one that was current when VAT was introduced ). The only registration document carrying real weight is a current one in the seller's name.
 
We took the decision to remain Pt 1. Think it was the right move!

But. The paperwork is taking forever. Decided to the change the lot in one go, owner, name and port of registry. Filled in the forms to the best of our ability given limited knowledge (somthing to do with 64 parts, not 32 each) and sent off with cheque.

Cheque banked within a week. One month later letter arrives saying failure to fill in a part X.ii and a additional £17 for change of port please.

Cheque banked within a week. One month later..... Still waiting.

The moral of the story, Government department, patience is a virtue & fill all the boxes even if it sounds as if it only applies to an oil tanker
 
I remember a while back there was a web site you could search all boats registered on Part 1, but can't remember it. Can anyone else?
 
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