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One of the advantages of Marshall Islands registry is that the Marshall Islands allow a vessel under private registry to do a limited numbers of charters per year (I believe it is 12 weeks) while remaining a private yacht. This allows the vessel to receive a US cruising license for either 90 or 180 days (depending on where the builder was located) so that you may cruise US waters with only a phone checkin at each new port (you call customs and inform them that you are a foreign flagged vessel, with a valid cruising license relocating from one US port to another US port. This is required of all foreign flagged yachts but with a cruising license is a simple phone call and no paperwork or fee.)
Most countries require commercial registry if you are going to do any charter, so Marshall Islands 12 weeks per year is a good alternative if your owner plans mostly private use with just a few charters during the year.
Dave
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