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A boat loan is a type of installment loan (typically a personal loan) used to purchase a boat or another marine craft. Like auto loans and traditional personal loans, these installment loans ...
A boat loan gives you the ability to finance the cost of a boat over several years instead of paying for it all at once. A secured boat loan may come with lower rates and longer repayment terms.
Boat insurance rates typically equal 1.5 percent of the boat’s insured value, though this figure can fluctuate greatly depending on the company and your location. Other expenses to keep in mind ...
In a ship mortgage (common law) or ship hypothec (civil law term, covering also a maritime lien), a shipowner gives a lender (or mortgagee) a security interest in a ship as collateral for a mortgage loan. Similar to other types of mortgages, a ship mortgage legally consists of three parts: the mortgage loan, the mortgage document (deed) and the ...
Law of salvage. The law of salvage is a principle of maritime law whereby any person who helps recover another person's ship or cargo in peril at sea is entitled to a reward commensurate with the value of the property saved. Maritime law is inherently international, and although salvage laws vary from one country to another, generally there are ...
Gondola. The gondola (English: / ˈɡɒndələ /, Italian: [ˈɡondola]; Venetian: góndoła, Venetian: [ˈɡoŋdoɰa]) is a traditional, flat-bottomed Venetian rowing boat, well suited to the conditions of the Venetian lagoon. It is typically propelled by a gondolier, who uses a rowing oar, which is not fastened to the hull, in a sculling ...
If you love cruising the open waters, fishing or just docking-and-dining, buying a boat may seem like a great idea. While boat costs vary significantly, you can expect to pay anywhere from $15,000 ...
The United States Navy occupational rating of boatswain's mate (abbreviated as BM) is a designation given by the Bureau of Naval Personnel (BUPERS) to enlisted members who were rated or "striking" for the rating as a deck seaman. The colloquial form of address for a boatswain's mate is "Boats". The rating of Boatswain's Mate dates from the ...
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