Vessel Turnover Rate

The frequency at which a boat is sold or changes ownership; states require updated registration, HIN verification, and possibly updated boater ed if the new owner lacks certification.

Related Terms

Boat Title

A legal document proving ownership of a vessel, containing the boat’s hull identification number ...

Proof of Ownership

Documentation (bill of sale, title, manufacturer’s certificate) establishing legal possession of ...

Marine Surveyor

A professional who inspects boats for condition and safety compliance; typically required for ins...

HIN Tampering

Illegal alteration or removal of a boat’s Hull Identification Number, often indicating theft or f...

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