View Single Post
Old 07-17-2016, 10:49 AM   #5
koliver
TF Site Team
 
koliver's Avatar
 
City: Saltspring Island
Vessel Name: Retreat
Vessel Model: C&L 44
Join Date: Nov 2007
Posts: 5,663
Huge difference between Regisration and License.

Security of title is the biggie. A Registered vessel has similar security of title to land. Mortgages are possible, transfers, whether in Canada or out, are secure.

Licenses prove nothing. There is no central registry to search to see who owns a licensed vessel, a call to the office for information will achieve nothing, on selling, a transfer gets you no security whatsoever.

Names: in the licensing system, you can paste on any name you want, even the same name as is already in use by a Registered vessel or a different licensed vessel. For example, if you want to call your ship the Ferry Queen of Nanaimo, nobody could stop you.

Cost: Here is why so many are licensing, there is no charge. To be registered, you need the $250 fee already mentioned to be paid, you need to have your name and markings properly "carved into the main beam" (or equivalent) and you need all of this to be "viewed" by someone with the proper credentials. All of these steps involve some further cost.
__________________
Keith
koliver is offline   Reply With Quote