Originally Posted by cla6665
Very very nice to know bvi matelot.
We'll be living on the boat and my intention is to charter here and there to make some money at least to pay for boat maintenance.
My question is; are these boats US flagged. I know that the boat must the US flagged to be able to charter in US waters and Caribbeans. If they are built overseas and not US flagged I can't do that
Pretty much all
charter yachts are owned by individuals. The charter companies very rarely own their own boats. So, certainly in the bvi's, most boats are US flagged but you'll see many French and British and a few other flags
Its not true to say that they must be US flagged to charter in the Caribbean
. In US waters, I believe that yes, they must be (Jones Act?). I think it was also true that to charter in US waters they had to be built in the US but I believe that that is not now the case, as long as the boat is US flagged.
Having said all that, it shouldnt stop you looking at non-US flagged boats as you will probably have to re-register to the US and get Coastguard documentation
. Indeed, I dont think one is allowed to keep a foreign flag but must de-register from the original state and put it into your own.
You mention the occasional charter to offset maintenance costs. Ah!! Here we have a potential Can of Worms! You can probably do it in US waters but most Caribbean
islands require you to have a work permit
Licence to operate charters in their waters and some require you to have their
Captain's Licence. It really is a brutal trade!!!
Anyway, slowly slowly catchee monkey.....you've gotta actually get a boat first!
Other posters' comments about abuse are indeed very true. However, the charter companies mend what gets broken - otherwise they couldnt send the boat back out on charter - then neither they or the owner would get any money.
The fact that there are a great deal of ex charter yachts on the market is because after 4 to 5 years, the "A" companies end their contract
with the owner. Many of these boats then go into "B" fleets - and there's nothing wrong with that - given reasonable maintenance there's lots of life left in 'em. Some of them go back to the owner for him/her to use in their own sailing area and of course, many of them go on the market. Some good, some bad - like used cars, I suppose. T