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Old 06-21-2021, 10:11 PM   #1
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This seems "cheap"

This boat sounds like an amazing deal on paper. Why is it so cheap??


https://www.yachtworld.com/boats/201...on-95-3833614/
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Old 06-21-2021, 10:17 PM   #2
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What do you find attractive about that boat? Other than itís size
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Old 06-21-2021, 10:26 PM   #3
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What do you find attractive about that boat? Other than itís size
It just seems like such a good deal for the right person. I mean a new 40 foot boat is practically the same price. Lol
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Old 06-21-2021, 10:29 PM   #4
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Rough around the edges but has potential
Great choice of power, I wonder where they are made?
Anchoring gear is light on, surely that's a mistake.
We run 1/2inch chain on ours and have stretched it twice
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Old 06-21-2021, 11:00 PM   #5
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I think she's "cheap" because she's a simple work boat fit and finish. And much of the interior is not fitted out. To fit her out the way most would want a yacht to be fitted out would be big money. Another thing is "Not for sale or charter to US citizens while in US waters." eliminates a large part of the potential market.
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Old 06-21-2021, 11:07 PM   #6
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It does seem like a lot of boat for the money. Not sure what i would do with it but does seem like a good value.
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Old 06-21-2021, 11:25 PM   #7
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This boat sounds like an amazing deal on paper. Why is it so cheap??
My guess is that the market for austere recreational 95-footers is pretty slim.
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Old 06-21-2021, 11:28 PM   #8
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This seems "cheap"

Buy Circumnavigatorís 79 footer, for about 40% of this price, likely as capable, better fit and finish, North American 60Hz AC, 15 feet shorter for those dock$ide stops, thicker steel - and it actually comes with a nice tender instead of just hinting at one.
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Old 06-22-2021, 03:34 AM   #9
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Ride it out of US territorial waters, buy the boat and bring back. That used to be done years ago. Just remember to put the purchase in the ship's log properly.

Size does matter. Paid crew.
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Old 06-22-2021, 05:25 AM   #10
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Buy Circumnavigator’s 79 footer, for about 40% of this price, likely as capable, better fit and finish, North American 60Hz AC, 15 feet shorter for those dock$ide stops, thicker steel - and it actually comes with a nice tender instead of just hinting at one.
Link???

Add:
Ok, got it

https://www.gilmanyachts.com/yachts/...-CUSTOM/269206
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Old 06-22-2021, 07:48 AM   #11
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Beautiful boat with potential. It’s much like owning a 4000 sq foot house. Maintenance alone will be a boatload of money, ( pun intended). Your ports are limited to its size. Not for me, but if you have a place for her and love her, go for it.
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Old 06-22-2021, 09:04 AM   #12
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I looked at all the pics again, all that space, and realized, if I took all the furniture from my condo and put it onboard this boat, I would need to buy additional furniture for the boat. LOL
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Old 06-22-2021, 09:43 AM   #13
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Wow! Yes, I'd go with FINTRY every day and twice on Sunday! No comparison.
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Old 06-22-2021, 11:20 AM   #14
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Not for sale or charter to US citizens while in US waters.

What are the ramifications, reasons for this? Some type tax related I would guess
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Old 06-22-2021, 11:44 AM   #15
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Another thing is "Not for sale or charter to US citizens while in US waters." eliminates a large part of the potential market.
Why? Players in that arena work with this all the time.
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Old 06-22-2021, 12:11 PM   #16
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That ship hollers "commercial".

Hard to think of anything over a million as a bargain, at least for me.

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Old 06-22-2021, 12:29 PM   #17
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I looked at all the pics again, all that space, and realized, if I took all the furniture from my condo and put it onboard this boat, I would need to buy additional furniture for the boat. LOL
Me, too!
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Old 06-22-2021, 01:34 PM   #18
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I don't know the reasons, regulations and laws. I was just quoting the broker's statement on Yachtworld.
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What are the ramifications, reasons for this? Some type tax related I would guess
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Originally Posted by oscar View Post
Why? Players in that arena work with this all the time.
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Old 06-22-2021, 01:50 PM   #19
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A foreign flagged vessel has to be imported into the US with duty paid before it can be sold in the US to a US resident. I think Canadian and Mexican vessels are partially or fully exempt from the process due to NAFTA/USMCA. I'm sure the seller like most sellers would not want to do that any more than I would like to sail a vessel to a EU country and have my plans change then import it and pay duties just to turn around and sell it. According to MarineTraffic, it's flagged in Antigua and Barbuda. I would think that so long as the transaction closes anywhere else you'd be fine i.e. subject to the laws of that jurisdiction instead of the US laws, and a closing offshore in international waters would be subject to the laws and regulations of your intended home base (in the US as a US resident you'd likely have to import it and pay duties - as the buyer )

It might be easier and cheaper to establish dual citizenship in Antigua and Barbuda
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Old 06-22-2021, 02:21 PM   #20
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Some photos of her at anchor: https://www.marinetraffic.com/en/pho...d:366963/ships
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