Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 12-02-2022, 23:53   #46
Registered User

Join Date: Dec 2012
Posts: 629
Re: Financing, insurance and starting a business

Quote:
Originally Posted by Montanan View Post
Good luck

USVI 6 pack school link:

http://captainschoolusvi.com/courses/oupv-6-pack.html


Certifications Required for Captains-


Operating 6 passenger boats in the USVI

-USCG OUPV Near Coastal License

-CPR & First Aid

-Random Drug Testing Program

-FCC Marine Radio Operator Permit

-TWIC Card (TSA.gov)


Operating 1-12 Passenger Boats in the BVI

-Add: Master Upgrade to 50 or 100 Gross Ton Master Near Coastal

-add: STCW Basic Training

-add: STCW Advanced Fire Fighting

-add: STCW Medical Care Provider

-add: STCW Proficency in Survival Craft (Limited)

-add: STCW II/3 Endorsement on License


Operating Vessels with more than 12 passengers in BVI

Same as above and

-add: STCW Crowd Managment

-add: STCW Crisis Management

-add: Vessel Security Officer
Just a question I donít know the answer.
Can the STCW embuggarance be avoided by operating an inspected domestic vessel based in the USVI. Greater than 6 pax.
Uricanejack is offline   Reply With Quote
Old 13-02-2022, 09:16   #47
Registered User

Join Date: Oct 2014
Posts: 6,734
Re: Financing, insurance and starting a business

Quote:
Originally Posted by Uricanejack View Post
Just a question I donít know the answer.
Can the STCW embuggarance be avoided by operating an inspected domestic vessel based in the USVI. Greater than 6 pax.


BVI rules apply to vessels operating in the BVIs

USVI rules apply to vessels operating in the USVI.

Jurisdiction has nothing to do with where the vessel "was" based, but rather where the vessel is and what the vessel is doing where it is located.
Montanan is offline   Reply With Quote
Old 15-02-2022, 08:06   #48
Registered User

Join Date: Dec 2011
Location: Switzerland
Posts: 17
Re: Financing, insurance and starting a business

Sounds like you have it figured out...I'd go there for a few weeks and go and chat to the locals...I'm sure your marine background will open some doors and you can get some insider info.

You have had your own business before, but I'd still warn you to be weary dealing with banks for this kind of business. They aren't your friend and don't normally care if you go under... but like to sell dreams and as you are well capitalised, they will want to get their hands on your cash. So make sure you have modelled all the caveats into the cash flow model, know your DSCR and have a DSRA.

Also, as your retiring, if you haven't done so I build in exit strategies into your cashflow model so you can change direction based on market conditions or health etc. You might be better off getting highly leveraged and protecting your capital if there is a feasible structure to achieve that.

My mate did this of the coast of Africa running diving. They found it too much work for the reward and gave up. Selling a boat when your forced to is not optimal so I'd get down there and try and be the buyer of that kind of boat.

Best of luck sounds exciting!
Breeze Dreamer is offline   Reply With Quote
Reply

Tags
financing, insurance

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Looking for Business Plan Template/Draft (Word/Excel) for OV '62 Day Charter business Docwazup Dollars & Cents 2 04-12-2016 11:28
Starting a Charter Business andres22 Boat Ownership & Making a Living 8 25-01-2010 04:24
Boat Business Loans from Small Business Administration xxuxx Dollars & Cents 0 18-05-2009 17:21
starting a business in 3rd world florensic Boat Ownership & Making a Living 7 13-01-2004 04:16

Advertise Here


All times are GMT -7. The time now is 10:13.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.