Jump to content






Photo
- - - - -

Us Flag Now Available For Superyachts


  • Please log in to reply
2 replies to this topic

#1 camay2327

camay2327

    GO NAVY

  • Moderator
  • 11,427 posts
  • Gender:Male
  • Location:Folsom

Posted 17 August 2018 - 12:33 PM

I received this from a Navy Friend.
 
 

 

US flag now available for superyachts
It is now possible for yachts over 300gt to fly the US flag. This new legislation replaces laws past in 1920…

SuperYacht News
By Rory Jackson
17 August 2018

http://www.superyach...for-superyachts

On 13 August, 2018, Donald Trump, president of the United States (US), signed off on a piece of legislation that would make it possible for yachts over 300gt to fly an American flag and register their yachts in the US. Until now, US law had defined yachts as vessels with a maximum volume of 300gt. That law, however, had been written in 1920 and never update until now.

“This has been a significant issue that the US Superyacht Association (USSA) has spent nearly a decade working to correct,” said Kate Pearson, USSA chair and vice president of business development of Safe Harbour Marinas. “We are thrilled to have been an integral part of helping to finally make it a reality and are pleased that yacht owners will no longer be chased from American shores to other countries to flag their vessels.”

Under the previous system, owners with a yacht exceeding 300gt were unable to fly an American flag, unless the vessel was commercially registered. However, commercial registration would require the yachts to be built to the operational and construction standards of commercial vessels. Therefore, flying the American flag was not a practical solution. In some isolated instances, a handful of owners pursued acts of Congress for the yachts to be flagged as exemptions, however, the process was both expensive and arduous.

The new legislation, an amendment included on the bill that was signed by president Trump, received bipartisan support in Congress throughout its development. “I am very pleased that the president has signed legislation that will increase the number of large recreational vessels which fly the US flag,” comments congressman Duncan Hunter, representing California’s 50th District and chair of the subcommittee on Cost Guard and Maritime Transportation.

“The economic impact of more large yacht flagging US could be significant, as these large vessels would now provide more high-profile opportunities for American crew, keep yachts travelling in US waters, and spend more time in our repair and refit yards,” says Kitty McGowan, president of the USSA.

While a specific US Large Yacht Code is now being developed by the US coast guard, due to go into effect in 2020, in the interim, a private yacht over 300gt that is MCA compliant will now be able to fly the US flag.


A VETERAN Whether active duty, retired, national guard or reserve - is someone who, at one point in their life, wrote a blank check made payable to "The United States of America" for an amount "up to and including their life". That is HONOR, and there are way too many people in this country who no longer understand it. -Author unknown-

#2 The Average Joe

The Average Joe

    Hopeless Addict

  • Premium Member
  • PipPipPipPipPipPipPipPipPipPip
  • 6,352 posts

Posted 17 August 2018 - 12:49 PM

Hmmm. I always figured large ships were registered in other countries for he same reasons companies locate abroad...i.e. better taxes, etc.


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive." -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

                                                                  It is Natural when Intelligence sees Stupid, it rejects Stupid, and Opts for Truth..... Stupid then labels Truth as Hate.-  Anonymous

 


 


#3 Chris

Chris

    Hopeless Addict

  • Premium Member
  • PipPipPipPipPipPipPipPipPipPip
  • 5,422 posts
  • Location:Folsom CA

Posted 17 August 2018 - 05:10 PM

Merica....!   F...... Yes.....!    Common sense Yacht laws....!   I love it....!   Registration and training required of course.....   Yearly taxes come with that I am sure..........    And in Kommie-Socialist-Fornia, I am sure Yacht registrations went up by a whole bunch of dollars like my car registrations did.....!    Chris


.

 





0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users