hello I need your help (advice) pleas.
I am optaining has been sailed 20 years buy the gentlmen who is selling it to me, he optained the boat
from the original co-owner who got the boat new in 1967. I say co-owner because the boat is owned 40% by the canadian governament. it has an engraved serial
that atteste to this.
my problem is the first owner is long deseased, boat registrations have never been transfered to the gentlmen selling me the boat.
first let me say this is an honest man and the boat is in no way a scam, he simply neglected to do the transfer many years ago and have not felt the need to do it, hes don serveys and have sailed numerous time to usa on lake ontarion and never had problems.
he says that I should aply for permition to change the boats name as the govenrnement owns 40%.
all this seems so complicated to me, is this a simple matter or should I be concerned?
what will I have to do to get my documents in order?