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KCee, I am not licensed to practice law in the United States but I forsee the following problems:
1. Your friend is not the owner and unless he/she is a fool, why would they want to take on the potential liablitly issues ?
2. Only the owner can get insurance.
3. Checking in an out of foreign ports can be complicated enough for the owner of the vessel - I for one wouldn't want to be attempting to do the same based upon a letter of permission, or a rental agreement.
4. Even assuming that the fraudulent owner is prepared to obtain insurance, I can only imagine the difficulties that would arise if you attempted to make a claim when the owner is not, and has not been the operator of the vessel.
5. You and your friend would be committing a fraud in order to effect the registration.
Brad
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