DIAL "G" FOR GAIDA
Headed by Gaida Cabral you can expect to find the best service with regards to evidencing ownership, title issues and general re-documentation of the vessel.
Here is what you need to know about this step in the buying process:
DOCUMENTATION
Documentation is a form of national registration (through the U.S.C.G.). It identifies the vessel, evidences ownership, and licenses for certain activities. This is generally for a vessel that is at least 5 net tons, and wholly owned by a citizen of the U.S.
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We are standing by for your buyer's guide questions |
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WHAT IS THE ROLE OF THE DOCUMENTATION AGENT?
Good question! The agent's function is very similar to that of a title company with the purchase of property.
The buyer's documentation agent will receive a copy of the documentation or deletion of registry from the seller.
The agent will perform a lien search to confirm the title to the vessel is clear and will re-document the vessel after closing in the new owners name.
It will take about 6 weeks to receive an original copy of your new documentation. While you are waiting for a copy of your new documentation from the USCG you will have a running letter from your documentation company that will permit you to legally operate your yacht.
The process normally costs anywhere from $625.00 on up, depending on the difficulty of the transaction and
the involvement of third parties such as attorneys. Please download the following price sheet (PDF) for a more accurate cost with regards to our services.
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