Guest Coralie Benefield is a seasoned documentation agent with over 30 years of experience facilitating transactions in yachts and boats. In this episode she addresses common misconceptions regarding boat documentation and titling, offering essential boating tips for owners. This video also clarifies that a USCG documented boat does not automatically mean it's duty-paid, and that pleasure yachts typically require state registration.
Resources:
💻 American Vessel Documentation Association: https://americanvessel.com/
📩 Get in touch with Current Yachts: https://currentyachts.com/contact
Key Takeaways
🗓️ Coralie Benefield has over 30 years of experience in yacht documentation.
✍🏼 A documentation agent is crucial for smooth yacht transactions.
📋 State title and registration are often confused but serve different purposes.
🔖 Abstracts of title provide a history of the vessel's documentation.
💸 Liens on vessels can complicate ownership transfers.
🧯 Hiring a documentation agent can prevent costly mistakes.
🤝 Coralie collaborates with other agents to provide specialized services.
📄 Documentation agents handle both state and Coast Guard paperwork.
🌎 Proper documentation is essential for international yacht travel.
😌 A doc agent offers peace of mind to yacht buyers and sellers.
💭 ABOUT CURRENT YACHTS
Current Yachts revolutionizes yacht sales by offering a transparent, service-based pricing model that puts the consumer first. How?
1️⃣ We replace traditional high commissions in yacht brokerage with flat-rate selling expenses, and the buyer-side commission (co-brokerage) only gets paid when a co-broker is present -- saving our sellers money.
2️⃣ We are a full service yacht brokerage company with licensed and bonded professional brokers assisting yacht sellers and buyers every step of the way.
3️⃣ Current Yachts is also the first yacht brokerage company to offer a buyer representation agreement.
💻 Our modern platform streamlines the listing intake process, and ensures real-time communication and analytics for all parties. Our team is focused on transparent yacht sales and facilitates faster, more efficient transactions.
We've set out to build a genuine community that offers exclusive insights and resources, empowering yacht owners and buyers alike. And our podcast Full Displacement is designed to educate yacht sellers and buyers, and to share what is happening in the yacht brokerage market.
