Every Boat Owner Should Know the Benefits of Being on the Canadian Register of Vessels

Canadian Register of Vessels

If you own a vessel and reside in Canada, it’s a legal requirement, in most cases, that you place your boat on the Canadian Register of Vessels. Not only is it necessary for legal reasons, but doing so also offers a variety of perks and benefits that you can take advantage of. If you want to know more about those specific benefits, you are in the right place. Keep reading to find out everything you need to know.

What Are The Benefits You Will Enjoy?

  • Legal Compliance with the Canadian Register of Vessels

Obviously, the top reason to get your boat registered is that it’s the law. Registration proves that you are complying with all relevant Canadian boating laws and regulations. That includes those that pertain to safety, commerce, environmental sustainability, and everything else that goes along with being a responsible boat owner. This is important for these reasons, but also keeps you out of trouble on the water, which can result in fines and penalties that you don’t want to deal with. 

  • Proof of Ownership

Proper registration is how you prove that you own your boat. If there’s any dispute or legal problems that arise, dealing with your vessel, this proof of ownership will be vital in getting the issues settled. When you can establish legal ownership, these problems will be much easier to solve. 

  • Global Recognition

If you plan to take your vessel outside Canadian waters, including foreign ports, global recognition will come in quite handy. By registering your boat, you can prove that it meets all the associated laws and regulations in Canada, which creates credibility and makes it easier to work with foreign authorities as you leave and return to Canada. 

Canadian Register of Vessels

  • Financing Opportunities

Many people choose to finance their boat, meaning they make payments on it over time. In order to work with a financial institution and set up a payment plan for your vessel, proper registration is vital. Most banks aren’t willing to lend to someone who can’t prove ownership. Or someone who appears to be avoiding following maritime laws by registering their boat. You can also get better financing terms when it’s filed with the Canadian register of vessels. 

Other Benefits To Be Aware Of

That’s not all you can take advantage of. There are additional perks as a registered boat owner. It also gives you permission to engage in commerce activities, including fishing, shipping and transportation. You can also enjoy enhanced safety measures, as registered boats must be inspected on a regular basis. This makes it easier to detect potential issues before they become emergencies. You also get access to government services, have help keeping your boat documentation organized, and can commit to environmental safety practices. 

As you can see, complying with regulations set forth by the Canadian Register of Vessels is a vital. If you need help facilitating the process or have questions as you go through the steps, contact the Canadian Vessel Registry today and we’ll give you all of the assistance you need.