Vessel Managing Owner
BoatWiki - Definitions
Definition
A vessel managing owner in USCG documentation terms is the party with whom the National Vessel Documentation Center (NVDC) will correspond. This must be a individual owner, one of multiple owners, or a company name when owned by a legal entity.
Meaning
The concept of a managing owner is to eliminate the guess work in knowing exactly which party the NVDC should deal with when it comes to all matters related to vessel documentation, including the periodic renewals. This will be the party to whom the certificate of documentation and any subsequent correspondence will be sent. It has no other implication with regard to ownership rights, interests, operational requirements, or responsibilities.
Context
When applying for vessel documentation, an applicant must declare either itself or one of any multiple owners as a designated party with whom all contact should be imitated. Such party, along with the physical address is then listed on the Certificate of Documentation.
Conclusion
The managing owner of a documented vessel should be the most accessible party in case someone needs to be contacted with regard to the documentation process or any operational issues.
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Credits and References
7/25/2022 - Page initiated by Team BoatWiki.
