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FLAGS OF CONVENIENCE FOREIGN REGISTERED VESSELS & DUTY |
| Once a yacht becomes part of the commerce of the United States, either by filing entry and paying duty or having been built here, it will remain part of the commerce of the U.S. until it has been “exported”. |
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“Exported” means…severed from the mass of things belonging
to this country with the intention of uniting it to a mass of things
belonging to some foreign country. (i.e. paying duty to another
country).
The retention of a foreign registration on a yacht that remains in the U.S. even if sold to a non-resident, does not result in exportation. The movement to a foreign country with the intention of returning the yacht to the U.S. would not be an exportation, regardless of the fact of foreign registration. |
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If a yacht is purchased here, it will maintain its status as part of the commerce of the United States. Documenting a yacht foreign for convenience purposes and/or taking it foreign for cruising purposes does not create an export. For advice on whether your yacht is dutiable or not when it comes up for resale, please contact a reliable customs broker. |
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Proud Member of the Florida Yacht Brokers Association |
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All Yacht Registries, Inc. The Full Service Yacht Registry Specialists |
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| 877-9-SHIPS-9 Jan Painter | 877-9-RV-YATS Connie Crews |
