Many owners of vessels enter into financing arrangements without understanding how vessel mortgages work. Delays, enforcement issues, and problems at the time of sale or transfer may occur. Registration helps to bring transparency and also protect the interest of both parties. This article provides an explanation of the Mortgage of Vessel in a professional way.…
Marine Safety Fees Regulations support maritime operations that are safe and well-regulated. These rules set fees for safety oversight, vessel monitoring and other administrative services designed to protect waterway users and waterway itself. It is essential for vessel owners and operators to understand these fees for compliance and financial planning. A vessel owner is usually…
A document that is basically used for transferring ownership of a vessel upon the death of a registered owner is known as a declaration of transmission on death. The registration records of the vessel are updated to show the new legal owner, usually an executor, administrator, or beneficiary. Vessel records may be kept frozen without…
A Canadian Vessel Search by Name is a good method of research that one can use to identify, verify and understand the history of vessels registered in Canada. Names of vessels are perhaps the most visible identifiers, making a name search the most natural place for buyers, owners, lenders and researchers to start. A vessel’s…
The Bare-Boat Charter Registry is a unique type of registration entity to provide registration for a ship which is chartered out without crew, stores or management left on board by the owners. The charterer in this case takes over the full possession and concomitant liabilities of the ship during the period of the charter. Since…
An Application for Change of Address is an important update for vessel owners who move or change their official address. Address is an important information as it connects ownership records with real-world accountability, inspections, and communication. When an address is updated but records do not reflect it, owners could miss official correspondence, experience delays in…
Alterations of Registered Vessel means changes that require reporting updates on a registered vessel. Registered vessel alterations cover a range of changes made to the ship; these are not just cosmetic changes. Alterations of registered vessels also encompass changes in the ship’s dimensions, tonnage, changes in propulsion, and changes in the identifying information of a…
In Canada, when you buy a new boat, the boat licence will have to be transferred to you. When you buy or sell a licensed pleasure craft, a Transfer of Pleasure Craft Licence makes sure the official records match the new owner. Many boat owners overlook this obligation and assume that the vessel’s licence remains…
It is important for licensed boaters in Canada to renew pleasure craft licence with authorities. Many owners believe a pleasure craft licence lasts forever. In reality, the renewal process allows records to remain active and accurate. The PCL requirements safeguard safety, identification and accountability on Canadian waters. Renewal can avoid confusing records and unnecessary enforcement…
A Government Vessel Registration is a process for recording a vessel owned or operated under the authority of an entity that is a government. Registering a government vessel promotes accountability and clarity of operations in the Canadian waters. Government vessels may be different from private or commercial vessels, but they must be registered. Clear records…