There is a fine of $250 if you are found to be operating a vessel without a valid licence. However, if you decided to register your vessel instead of licensing it, there is no fine.
Vessel Registration FAQs
WHAT VESSELS ARE REQUIRED TO HAVE A CERTIFICATE OF REGISTRY?What Vessels May Be Registered? How Do I Prove Ownership of My Vessel? HOW DO I KNOW IF MY VESSEL MEASURES FIVE NET TONS?ARE THERE DIFFERENT TYPES OF DOCUMENTATION?WHAT IS VESSEL DOCUMENTATIONHOW DO I RENEW MY CERTIFICATE OF REGISTRY?MUST I SUBMIT MY APPLICATION BY MAIL?Which Vessels Have to Be Registered and Licenced?HOW DO I KNOW IF MY VESSEL MEASURES FIVE NET TONS?WHAT IS A JOINT OWNER?ARE THERE DIFFERENT TYPES OF DOCUMENTATION?WHAT HAPPENS TO THE VESSEL WHEN ONE JOINT OWNER DIES?WHERE CAN I GET FORMS FOR DOCUMENTATION?WHAT IS FIRST TIME REGISTRY?WHAT IS REGISTRY?How Do I Prove Ownership of My Vessel? HOW DO I CLOSE THE REGISTRY OF MY VESSEL?MAY I RENEW A LOST CERTIFICATE OF DOCUMENTATION?WHEN A VESSEL IS EITHER SUSPENDED OR CLOSE, IS THE NAME AVAILABLE?