What Small Business Owners Should Know About Small Vessel Registration and Compliance?

Small Vessel Registration

Being informed of the small vessel registration and Compliance program in Canada is something that every individual who owns a boat in the country needs to do. This program is responsible for registering all boats in Canada that are less than nine meters in length and ensuring that these vessels comply with all applicable safety regulations. This blog post will present an overview of the Small Vessel Registry and Compliance program. 

In this piece, we will discuss who is required to register their boat, what safety regulations must be satisfied, and how to go about registering your vessel. We will also discuss the typical consequences of disobeying the program’s rules. Make sure you continue reading this article if you already own a boat in Canada or are considering doing so shortly. Here are some things that you really must be aware of.

You Must Register Your Vessel with Transport Canada

You must register your vessel with either Transport Canada or the National Vessel Registry Center, and you may do any of these online. You have the option of purchasing a yacht, a motorized boat, a vessel that is less than 10 meters in length, or a vessel that is more than 10 meters. Be careful to allow yourself enough time to complete the small vessel registration process since the amount of time required and the accompanying expenses are based on the kind of vessel that is being registered. Although registration is essential, this does not always imply that it will cost you anything; depending on the length of your vessel and its purpose, there are special exemptions from costs available for pleasure ships and commercial fishing vessels (such as sailboats).

Two Ways to Register a Boat If It Is For Recreational Use: By State Or By Coast Guard Vessel Documentation

Transport Canada or the National Watercraft Registry Center is where you may register your vessel. Many boats, from yachts to powerboats to boats under 10 meters in length to boats above 10 meters in length, are legal to possess. Always plan ahead of time since the time and money needed to register a vessel depends on the kind of vessel you have. There are unique exclusions from costs for commercial fishing vessels and pleasure ships, so don’t assume that small vessel registration will cost you anything just because it’s necessary (such as sailboats). 

A Commercial Vessel Registration and a Certificate of Number are both required if it turns out that your boat is commercial (either because of the size of its engine or because of its intended usage). In such a case, registration for a recreational vessel is required. What if you use your boat for both business and pleasure? It will be termed commercial if utilized for profit more than half the time. The activity will be classified as recreational if it is.

The Fees for a Small Vessel Registration Vary Depending on the Type of Vessel and Its Length

It is easy to get distracted from the specifics while one is in the process of launching a new small company. It’s possible that amid the excitement of establishing your firm and getting your name out there, you haven’t given much thought to the logistics of how you’ll move products and supplies. If the materials you’ll be working with can be transported by a boat or barge, you’ll need to be familiar with small vessel registration and compliance. The costs associated with registering a vessel are different for each vessel and each length of the vessel. You can work with a third-party organization, such as the National Vessel Registry Center, to handle the registration on your behalf if you are eager to get started immediately.

Small Vessel Registration

You Must Have a Valid COI To Operate Your Registered Vessel Commercially

If you want your vessel to be deemed commercial (which implies that you will be running it for hire), you must have a current Certificate of Inspection. If you do not have a current Certificate of Inspection, your vessel cannot be considered commercial. If you do not have a Certificate of Inspection on your small vessel, it will be exceedingly difficult for anybody to take it seriously as a business concern. This is true not just from a customer’s viewpoint but also from the perspective of an insurance provider. 

If you attempt to pick up passengers or transport products for money, you will also run into other complications. It is possible to avoid complying with these standards in several ways. Still, if you do so without holding the appropriate certification, you expose yourself to the possibility of being fined or even jailed.

No one does it better when registering and recording titles for ships and boats than the National Vessel Registry Center. We are committed to assisting small and medium-sized boat owners with the purchase and sale of vessels and ensuring that they comply with all applicable laws and regulations. When you come to us, you can expect prompt assistance from a helpful team. Call us at +1 (800) 419-9569 to learn more about our boat services.