When a vessel is put up for sale at public auction, the United States Coast Guard will send out a document known as the USCG Notice of Claim of lien to mortgage holders, debt holders, and any other parties with a financial interest in the Vessel. It is only possible to officially submit the Notice…
The short answer is that they don’t apply at all. The MARAD waiver for small vessels applies to passenger boats, not commercial fishing boats. The permit process is entirely separate, but it’s important to apply for the proper permits for the intended purpose of your boat. This is vital for legal and registration purposes and…
Part of being a commercial fisherman is keeping your boat in good working order. Sometimes work is carried out and then not paid for. This can happen for many reasons, including lack of funds, but often results in a USCG claim of lien. Understanding what a lien is and how it works can help you…
In order to operate a successful commercial fishing business, it is important to ensure that your vessel and equipment are in good working condition. That means routine maintenance and diligent checks on your vessel at regular intervals. Sometimes, boat owners may find themselves in a position where they need to outsource repairs or cosmetic work…