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Ask The Attorney

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Ask The Attorney

When friendly arrangements turn sour

 I bought a 41 foot power boat two years ago with the help of a friend who loaned me the money for 80 percent of the purchase price. He funded

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How to proceed with a lien sale

 Procedures for the enforcement or foreclosure of a vessel lien or mortgage vary considerably depending on whether the boat is state-registered or documented with the U.S. Coast Guard.  Unfortunately it

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Do I need workers compensation insurance?

I own a construction company that is performing seismic upgrades and electrical work on a fuel dock at a marina in the Bay area.  I have workers compensation insurance for

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The Difference between a Loan and a Mortgage

 I purchased a Vessel and originated a loan with an institutional lender in 2003.  At the time of the purchase the lender recorded a “Preferred Ship Mortgage” with the Coast

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Hire Reputable Boat Surveyors

I was horrified to learn last month that my boat had sunk while it was tied up in its slip. Now I am having a dispute with my insurance company

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Can You Recommend an Escrow Agency?

I am seeking an escrow service for a yacht purchase but the services that I have contacted are not interested in working with the parties in a yachting transaction. I

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Do I need A New CG Certificate of Inspection?

I recently purchased a 38-foot charter boat that is located in South Carolina. The prior owner operated the boat in an active charter business with a Coast Guard Certificate of