Owning your own boat is one life’s great pleasures. Having the freedom to escape the daily rat race and venture out onto the lake whenever you want is a privilege worth preserving. Since you value this pastime and cherish the memories made with loved ones on your boat, it may be worth considering vessel registration.
If you have experience with boat ownership, the odds are good that you are at least somewhat familiar with the paperwork it entails. You have already navigated the process of filling out a bill of sale (as a buyer or a seller), and if your boat has a horsepower greater than 10, you have done the legwork necessary to obtain a Pleasure Craft License (PCL). Of course, you have also likely completed the educational course and exam required to get your Pleasure Craft Operator Card (PCOC), otherwise known as a boating license.
With all the required documents in place for your vessel, you may be wondering why you would take the additional step of entering your boat into the Canadian Vessel Registry, especially if it is not mandatory in your situation. Read on to discover some of the perks and benefits this process can provide to all Canadian boat owners.
Vessel Registration for Commercial Purposes
Have you ever dreamt of making your living out on the water? Perhaps you are seeking a career turn that involves either commercial fishing or shipping? Well, if you find yourself in such a situation, and your boat has a gross tonnage of 15 or more, it is compulsory for you to register your vessel.
Considering the cost to register your boat with Transport Canada, this can be a particularly prudent investment. Commercial fishing and sightseeing charters are big business in Canada, so completing this initial piece of paperwork can prove lucrative for you and your business aspirations.
A Name That is All Your Own
As you stroll around the marina and walk the docks where you keep your boat, you have probably noticed some rather interesting names adorning your neighboring vessels. The truth is, boat names often hold a special place in the hearts of their owners, and a unique moniker can help you stand out from your seafaring peers.
When you register your vessel with the Canadian Vessel Registry, you are issued a completely individual, one-of-one name for your boat. For this reason, when you submit your application, you have to provide three potential options, as Transport Canada will check them against their database.
Demonstrating Your National Pride
With owning your own boat comes the freedom to explore. While Canada is home to a sizable quantity of scenic waterways, perhaps your inclinations are pulling you toward international waters. When your boat is registered with Transport Canada, you are granted the privilege of flying the Canadian flag while traveling abroad.
Imagine you and your friends and family pulling into a foreign port, the sun on your faces, and the Canadian flag majestically shimmering in the wind. This can be an attainable reality when you opt to register your boat.
Carrying a Marine Mortgage
Let’s face it: boat ownership tends to have a prohibitive cost of entry. Even purchasing a used vessel can be a considerable financial commitment. For this reason, it is not uncommon for a potential boat owner to secure a marine mortgage.
Not dissimilar from a home mortgage, this maritime financing option can make boat ownership a much more achievable dream. Because banks and lenders tend to protect their investments, they will often not issue a mortgage unless a vessel is registered. This makes sense for a couple of reasons. For one, when registered, the boat is officially documented with Transport Canada, ensuring complete records for pertinent matters. For two, in the event that your boat is lost or stolen, a registration can greatly aid in the recovery process.
Completing Your Registration Online
You can visit Transport Canada’s website and track down the vessel registration application on your own. After you have printed the necessary forms, you will have to fill them out and photograph all four sides of your vessel. With those items packaged, along with payment for the required fee, you can then mail them to Transport Canada’s headquarters in Ottawa.
Of course, there is also a much simpler way. By working with a private service like ours at the National Vessel Registry Center, you can avoid running out printer ink or a time-consuming trip to the post office. We offer simple-to-fill online forms for your registration, as well as a secure web portal for uploading your photos and other supporting documents. With our help, you can complete this process in a matter of minutes. To learn more about this and the other services that we provide, contact one of our seasoned customer service representatives today.