Coast Guard issues final rule to charge vessel documentation renewal fees

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In the August 12, 2014 Federal Register, the Coast Guard issued a final rule entitled “Vessel Documentation Renewal Fees." Currently there is no charge for renewals of endorsements; however, as of November 10, 2014, the Coast Guard will assess a $26 fee for the renewal of endorsements on a vessel’s Certificate of Documentation, which must be renewed annually. According to the Coast Guard:

The purpose of this rule is to increase the annual Certificate of Documentation (COD) renewal fee collections so that the fees we charge more accurately reflect the actual costs to the Coast Guard of providing the annual documentation renewal services.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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