Page 19 - Mid America Boating - April 2024 issue

Selling a boat this year?

Don’t forget these four critical

paperwork tasks

The spring boat-buying season is upon us, responders. BoatUS members can release
much to the delight of boat sellers, some of or update an MMSI for no cost at BoatUS.
whom may be eager to unload their boats com/MMSI.
after racking up off-season storage bills. Have an EPIRB aboard? A seller will need 19 [ MID-AMERICA BOATING ] APRIL 2024
However, when a boat is sold, sellers need to to ensure an Emergency Position-Indicating
understand – sometimes for safety reasons Rescue Beacon (EPIRB) attached to the
– that they aren’t in the free and clear until boat is updated with new owner contact
critical paperwork is done right. Here is information. To update an EPIRB go to
a seller’s paperwork to-do list from Boat NOAA’s Beacon Registration site and change
Owners Association of The United States the status to “Sold/Transferred.” Once
(BoatUS). this happens, the new owner can register
Cancel the boat insurance policy. This is the beacon in their name with their own
the first thing most boat sellers do right. emergency contact information.
It’s super important to cancel a vessel’s Contact the state boat registration agency
insurance policy once the sale goes to advise them the boat was sold. Sending
through. Not doing so potentially adds a letter by mail or email to your state’s boat
unnecessary risk and potential liability to registration agency acknowledging the boat
the seller. Also don’t forget to cancel any has a new owner may help prevent future
automatic bank payments that were set up misdirected registration renewal notices.
to pay policy premiums. In some states it is a legal requirement to
Release the DSC-VHF radio’s Maritime report any change in vessel ownership status
Mobile Service Identity (MMSI) number. If within a certain number of days with the
you’re selling your boat, remember a key name of the purchaser, purchase price and
fact about MMSI’s: Once issued, the MMSI date of sale.
number stays assigned to the boat (installed To help make buying and selling easier,
VHF radios). The emergency contact BoatUS offers a free Boat Buying and Selling
information, among other data, requires Guide and other helpful resources at BoatUS.
updating. If a seller forgets to release the com/Guide. MAB
Boat sellers need to understand the importance of taking care of all the paperwork MMSI number to the buyer, a future mayday
when they sell their boat. Not doing so could impact the safety of the new owner. distress aboard the vessel could delay first

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