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clancy
11-05-2005, 11:24 PM
When browsing the sites of various brokers I often come across this disclaimer in a particular boat's listing. What is the meaning or purpose of this term? To make it even more confusing Alden Yacht Brokerage (http://www.aldenboats.com/listings/aldenlist_sail.html) has a listing with this disclaimer for a boat that is located in Palm Beach, Fl.

pipefitter
11-06-2005, 12:25 AM
Maybe it has something to do with taxes.

mmd
11-06-2005, 01:13 AM
I believe that they are in violation of some clause or other of the Jones Act due to their class of registry. I'm not too familiar with the permutations of that particular US law.

"The Jones Act and related statutes require that vessels used to transport cargo and passengers between U.S. ports be owned by U.S. citizens, built in U.S. shipyards, and manned by U.S. citizen crews."

[ 11-06-2005, 02:18 AM: Message edited by: mmd ]

Gary E
11-06-2005, 07:08 AM
Originally posted by clancy:
When browsing the sites of various brokers I often come across this disclaimer in a particular boat's listing. What is the meaning or purpose of this term? To make it even more confusing Alden Yacht Brokerage (http://www.aldenboats.com/listings/aldenlist_sail.html) has a listing with this disclaimer for a boat that is located in Palm Beach, Fl.Why dont you send a e-mail to the broker asking for an explanation?

ChuckG
11-06-2005, 11:07 AM
I know from nuttin'. It seems to have to do with importing the vessel into the US. Even though it may be registered in the US, if the current owner never paid US taxes and duty on it, it can't be used by a US resident in US waters. Again, see the first sentence, but I used to do import/export stuff and ran into that sort of thing on other big ticket items. The new owner would have to import it into the US, regardless of where she's lying.

cg

[ 11-06-2005, 12:07 PM: Message edited by: ChuckG ]