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BoatWiki - Definitions

Definition


An importer in boating terms can be defined as an individual or company that brings a foreign built boat into the U.S. either for personal consumption or with the intent of placing it for sale in the domestic marketplace.

Meaning


Customs duties must be paid on a boat entering into the Untied States for purposes other than temporary visitation. The party doing so is known as the importer, a term that should not be confused with a customs broker. The broker is a party that handles all matters related to U.S. customs on the importer's behalf.

Context


Foreign boats that are manufactured for U.S. consumption, must adhere to hull number formatting standards as set forth by the U.S. Coast Guard. The builder must accordingly apply for it's own unique Manufacture's Identification code, which will become incorporated into the actual hull number.

Conclusion


A buyer should exercise due diligence when purchasing a foreign built boat by ensuring that customs duties have been fully addressed. If not, these can become a maritime lien that follows the boat. The fact that a boat has become USCG documented or state registered does not validate customs payment as the respective agencies are not concerned about such issues.


Credits and References

5/2/2022 - Page initiated by Team BoatWiki.




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