Last month's column addressed the question of whether to state register or federally document a boat, and I observed that federally documenting a boat would not typically allow the owner to avoid paying Maine sales and use tax. But there is a way, entirely legal...
“boat yard”
The Nuts and Bolts of Maritime Liens
A maritime lien gives a provider of fuel, repair services etc. an automatic lien on the ship the services were provided to. The lien allows the provider to seize the ship and sell it in satisfaction of the lien and the costs of sale. By “automatic” I mean the lien...