Jones Act, Maritime Law, Vessel Purchase
Under the Jones Act, small vessels wishing to engage in coastwise carriage of passengers must have been built and documented in the United States. Foreign built vessels, or US built vessels that were registered or rebuilt abroad, were ineligible to trade absent...
Maritime Law, Vessel Purchase
Editors Note: USCG has proposed to allow for a Preferred Ships Mortgage to be available under state title. Read more HERE. The Preferred Ships Mortgage provides a lender or financier of a vessel competitive status among competing claims that might arise against a...
Maritime Law, Vessel Purchase
When a Boat is Not a Boat? “Floating Homes” No Longer “Vessels” Under Federal Law In Lozman v. Riviera Beach, 568 U. S. 115 (2013), The Supreme Court decided that many structures which float and move on the water – floating homes, for instance – will no longer be...
Maritime Law, Vessel Purchase
Down the Conditional Acceptance and Escrow Agreement “rabbit hole” This Article was published by YBAA Association of Yacht Sales Professionals, on their website on October 24, 2017. Often a Broker, or any reasonable person, examines the legal aspects of particular...
