Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Financing U.S. Documented Pleasure Vessels

Financing U.S. Documented Pleasure Vessels

Harper, Floyd D.

Paperback

Accounting

ISBN10: 1516877020
ISBN13: 9781516877027
Publisher: Createspace
Published: May 10 2016
Pages: 146
Weight: 0.78
Height: 0.31 Width: 8.50 Depth: 11.02
Language: English
The financing of documented pleasure vessels is seen by many lenders as almost mystical in nature and consequently it's an area they have been discouraged from entering. Documented vessels are boats usually over 30m feet in length and are registered with the Coast Guard as U.S. flag vessels. This is one of several methods of recording ownership but it is the only one subject to a First Preferred Ships Mortgage.The primary purpose of this thesis is to illustrate a broad overview of the various aspects of this type of lending with its advantages, disadvantages, inherent problems and possible profitability. It provides a base of understanding the complexities with this type of lending to those institutions considering participation as well as whether to initiate loans direct, indirect, or through a marine service company.

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