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I understand it is under the guise of a safety inspection.
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There is no guise at all. They don't pretend to do anything. They have the power to search any vessel at will expressly granted by federal authority and always have. They are not required to show you cause. They are a military organization not a police organization. They carry loaded automatic weapons. It is a precondition to the operation of a vessel in US waters. The government owns the water.