One potential issue that may arise in a survey is called a cracked bulkhead. When this happens there is some confusion to what this means for catamaran buyers and sellers alike, so our clients often ask “What is a cracked bulkhead?” Follow along as TMC President, Phillip Berman, and TMC Sales Manager, Andrew Holland, explain here.
It’s not unfamiliar for anyone working in the yachting industry to run into the question of what generator size is required on a particular boat. An answer will depend on a few variables discussed by TMC President, Phillip Berman, here.
Once you have a boat under contract, one of the first questions that you will ask yourself, and one that we most often get here at The Multihull Company is “How should I flag my boat?” Here, TMC President, Phillip Berman sits down to answer this often difficult question.
Occasionally we handle transactions where either a buyer or seller require a closing to occur outside of the area where the boat is currently lying. Follow along as TMC founder, Phillip Berman discusses what we call an “offshore closing”.
We’re constantly asked how an owner can avoid paying the duty on a boat, and it’s doable, but is it worth it? TMC President, Phillip Berman sits down to discuss the details behind the perks and limitations when contemplating paying the duty of a boat.
When a US Flagged Vessel first makes her arrival into US Waters she is required to make what is known as a formal entry and pay US Duty and Import Tax due on the boat. When planning your formal entry into the US to pay duty, here are the steps that you will want to follow.
Getting a handle on boat insurance: 5 buying tips
The language “NOT FOR SALE IN US WATERS TO A US RESIDENT” must legally be added to listings for non-US Registered boats that are in US waters under a cruising permit and placed for sale by the Owner.
Be sure to explore your options with a tax adviser familiar with boating deductions before making decisions.
To what extent can you write off your participation in boating events as a promotional activity for your business or profession?
There are several practical points that one should always observe in connection with an audit of any kind ~