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Coast guard documentation. Pros and cons

Old 06-13-2019, 05:43 PM
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Default Coast guard documentation. Pros and cons

Hey guys. I'm in the process of buying a boat and getting some financing on it . The lender is requiring it to be coast guard documented. I am in NC . What are the pros and cons of CG documenting?
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Old 06-13-2019, 05:46 PM
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It’s a long wait to get the paperwork back from the CG, I have been waiting 6 months. It’s a joke dealing with them.
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Old 06-13-2019, 05:48 PM
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There are no cons ,except for the 4-8 month wait to get the paperwork, if it's registered for recreational use. If the lender requires it , you have no choice or move on to another boat.
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Old 06-13-2019, 06:08 PM
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Iíve never CG documented a boat, but this thread has me curious.

How could you finance a boat when the lender requires documentation, but the documentation takes about 6 months? Iím sure Iím missing something. Maybe they release funds on application?
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Old 06-13-2019, 06:11 PM
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I have always used a documentation service. they have always been able to cut through the red tape and delays. cost a couple of hundred but worth it
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Old 06-13-2019, 06:13 PM
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Originally Posted by CJR3 View Post
Iíve never CG documented a boat, but this thread has me curious.

How could you finance a boat when the lender requires documentation, but the documentation takes about 6 months? Iím sure Iím missing something. Maybe they release funds on application?
The lender requires that it's documented with the CG after the sale. Makes it more difficult to sell the boat from under the bank as the abstract of title will show a lein on the boat as boat title laws vary from state to state but the abstract stays with the USCG.
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Old 06-13-2019, 06:18 PM
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Originally Posted by THT Mod 7 View Post
I have always used a documentation service. they have always been able to cut through the red tape and delays. cost a couple of hundred but worth it
This X2
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Old 06-13-2019, 06:20 PM
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I think 6 months is worst case, probably more like 2-3.
As far as advantages, I'm in VA where documented boats are not required to be state registered. Most states do require it.
Anyway, for a lot of boaters, me included, we like not having state numbers plastered on our bow. You can have a registration sticker if required by your state, but you cannot have numbers.

To the op, doesn't matter what the pros and cons are if your lender is making you document.
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Old 06-13-2019, 06:24 PM
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The lender also told me I would not have a NC wildlife number on the boat and have to affix a coast guard number inside the boat. Also put boat name and hauling port on hull in a visible location. I'm thinking with no wildlife number I'd be getting pulled everytime going out. For the guys that have CG documented. Is the boat lettering boat name and port a must? Curious what others are doing with this
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Old 06-13-2019, 06:27 PM
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Originally Posted by Jayh5 View Post
The lender also told me I would not have a NC wildlife number on the boat and have to affix a coast guard number inside the boat. Also put boat name and hauling port on hull in a visible location. I'm thinking with no wildlife number I'd be getting pulled everytime going out. For the guys that have CG documented. Is the boat lettering boat name and port a must? Curious what others are doing with this
I live in NC and have a boat slipped in NC in New Bern which is USCG documented. If you plan on keeping the boat in NC then yes you need to register it with fish and wildlife and display the sticker, you just don't have to display numbers.

As for the name and port, yes it's a must.
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Old 06-13-2019, 06:27 PM
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Originally Posted by THT Mod 7 View Post
I have always used a documentation service. they have always been able to cut through the red tape and delays. cost a couple of hundred but worth it
I only used a service once when I didn't know any better. Have documented 3 boats since by myself. Easy, peasy and saved me hundreds each time I did it. I did screw up once and let a service scam me into letting them renew my documentation. That won't happen again.
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Old 06-13-2019, 06:28 PM
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Originally Posted by chuck34 View Post
I think 6 months is worst case, probably more like 2-3.
As far as advantages, I'm in VA where documented boats are not required to be state registered. Most states do require it.
Anyway, for a lot of boaters, me included, we like not having state numbers plastered on our bow. You can have a registration sticker if required by your state, but you cannot have numbers.

To the op, doesn't matter what the pros and cons are if your lender is making you document.
They claim they are still backed up due to the government shutdown
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Old 06-13-2019, 06:30 PM
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Originally Posted by Lorne Greene View Post
I live in NC and have a boat slipped in NC in New Bern which is USCG documented. If you plan on keeping the boat in NC then yes you need to register it with fish and wildlife and display the sticker, you just don't have to display numbers.

As for the name and port, yes it's a must.
as far as the name and port. Do most guys put on.just transom or is it a must to put on port and starboard?
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Old 06-13-2019, 06:31 PM
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Documentation service costs about $600. This includes the $150 USCG fee. So you are paying about $450 for someone to file the paperwork and push it through. Probably worth it. I just had mine done, it took about 4 months to get the paperwork back. They should be a bit faster now, they had a back log to get through before.

Advantages: Biggest one is title/loan protection as mentioned above since the lien is on file with USCG. Also, you dont need to put state registration numbers on your boat (no ugly numbers), you hide the USCG doc numbers. You must put name and hailing port on back. Can also be useful if your boat is stolen outside of USA area (for example Bahamas, mexico, etc). Local police have no authority. If documented, you can actually get USCG/US Marshal service involved. Will it be a high priority, no, but at least it may help in recovery.

Cons: A little time, a little cost, a little harder to sell, as you must file back with USCG when selling boat.
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Old 06-13-2019, 06:37 PM
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Originally Posted by Jayh5 View Post
as far as the name and port. Do most guys put on.just transom or is it a must to put on port and starboard?
Transom and port is home port not side of boat. I'm surprised the home ports I see which are not on the water. Apex, Cary, Greensboro. We
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Old 06-13-2019, 06:38 PM
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Originally Posted by Jayh5 View Post
The lender also told me I would not have a NC wildlife number on the boat and have to affix a coast guard number inside the boat. Also put boat name and hauling port on hull in a visible location. I'm thinking with no wildlife number I'd be getting pulled everytime going out. For the guys that have CG documented. Is the boat lettering boat name and port a must? Curious what others are doing with this
CG regs are very clear on this. The number you put inside the boat will look like NO. 1234567. It can be anywhere inside the boat permantly affixed where it would be obvious if removed. Most people put it in the bilge or some other place out of sight, but must be on a permanent part of the boat, not a hatch or door that can be easily removed. The letters must be at least 3", block style.
Name and hailing port must be 4" or more. The name can either be on both sides of the boat or the stern. Most go with the stern. Hailing port must be on the stern.
Any questions, go to www.uscg.mil/nvdc. They have a lengthy FAQ section.
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Old 06-13-2019, 06:42 PM
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Originally Posted by Lorne Greene View Post
Transom and port is home port not side of boat. I'm surprised the home ports I see which are not on the water. Apex, Cary, Greensboro. We
Hailing port can be anywhere in the US. You can have your boat in New Bern, NC and have Billings, Montana as your hailing port and you don't even have to live there.
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Old 06-13-2019, 06:47 PM
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I use a service and prefer Coast Guard Doc vs State Reg.

Pro's:
no ugly numbers
better security if it is stolen
better if you travel outside the country (goto bahamas, cuba etc )
out of the States juristriction (i.e the cops that pull you over in your State waters.

Cons:
little more complicated so I hire an agency for a couple hundred bucks.

Note my boat cost over $700K so for me it was worth it, may not be worth it on a smaller boat.
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Old 06-13-2019, 07:17 PM
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pro: Your lender requires it.
con: Your lender requires it.
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Old 06-13-2019, 07:19 PM
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gotta love them repost threads! this question gets asked every week!
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