Why Hardly any US Flags on SuperYachts?

#superyacht #superyachts #yachts #boats
Since the 1920s there have not been any Yachts over 300GT registered in the US. Why is this? Also why are most SuperYachts registered in a British commonwealth country, such as the most popular, Cayman Islands? All will be disclosed in this video.
Link to LY2 Codes (under 300GT):
www.gov.uk/government/collect...
Link to LY3 Codes (under 3000GT):
www.gov.uk/government/publica...
MegaYachtNew.com article:
megayachtnews.com/2018/08/u-s...
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[@puzzler46]

Thanks for the explanation, it now makes sense to me why billionaires who live in the US don't fly our flag and I am not all that surprised that we have different rules (just look at our governing bodies right now). I really enjoy all your videos, thanks for posting them.

[@JimmyJinIA]

I like the informal 'chat' format. Love your stuff. I'll never own one or be lucky enough to embark on a voyage with one. But I really enjoy your channel.

[@jefflanton5617]

I get these laws are ment for safety but it just sounds like there charging yacht owners for anything they can.

[@HorizonsleatherBlogspot2012]

It's just criminal government doing what they do best.

[@hxhdfjifzirstc894]

@@HorizonsleatherBlogspot2012 ORGANIZED CRIME SYNDICATE

[@Grimbach]

"laws are ment for safety..." They never are.

[@DM-iw2qt]

I agree over charging too many fees

[@Jacob-W-5570]

Actually that crew requirement (all us on us flag) is the reason why us commercial shipping is basically dead.

[@michaelsommers2356]

Which is ironic, since the purpose of the act was to protect US shipping.

[@justinaubin5174]

Also the U.S. Built requirement. U.S. vessels take many far longer to be built for exorbitantly higher prices when compared to vessels made overseas with newer technology.

[@jsphfalcon]

Also other countries are subsidizing theirs. In fact this is starting to happen in aviation too.

[@captainkidd1234]

It’s not how big your Riva is, it’s how you enjoy it ! 😂

[@damianmathis7083]

Sorry man size matters. The motion of the ocean does matter but it takes a long time to get to China in a rowboat

[@hxhdfjifzirstc894]

I like mine baked in butter and squeeze a lemon on it. With potatoes.

[@helibob2367]

As an American working on a yacht, I seldom ran into other American crew members. But that is one of the great things about working on a yacht, you get to meet really great people from all over the world. Sweet Riva!

[@oa127]

Where would Americans go to begin training other than Navy?

[@zf4hp24]

@@oa127 Various merchant marine academies here in the U.S. The U.S. Merchant Marine Academy is in Kings Point, New York. In my state, California, we have a first rate academy at Cal Maritime in Vallejo near San Francisco. It's part of the Cal State University system.

[@wvwombat4866]

@@oa127 as a retired navy officer and a graduate of a merchant marine school (NY Maritime); and a former yacht captain, your best bet is to google yacht training and fort lauderdaie. There are several companies offering training that is recognized by the UK . You’ll need STCW training or RYA Yachtmaster Oceans, or both/more. Try MPT and Bluewater. Check their websites.

[@esdeekay4344]

Where other channels show how it is to live, work or have fun on a yacht, this channel goes deeper into various subjects. I like it's educational and informative style. Thank You and until the next video.

[@jec1ny]

Why so few US flagged yachts? * The Jones Act * US labor laws * US immigration laws (for non US crew) * US safety regulations * US liability laws

[@grondhero]

* US taxes, also.

[@jec1ny]

@@grondhero Good point.

[@RodneyLenker]

You can not go to Cuba.

[@2011blueman]

@@RodneyLenker Cuba is nice, but for a super yacht Cuba isn't a great destination.

[@zf4hp24]

The Jones Act is still the biggest impediment, since it requires a U.S. flagged vessel be built in the U.S. There are exceptions, but they did require an Act of Congress (seriously) to exempt a foreign-built vessel from joining the U.S. registry. One of the most notable U.S. flagged megayacht, *Limitless*, was built by Lurssen in Germany, but thanks to Section 1121 of the Coast Guard Authorization Act of 1996, was specifically exempted and reclassified as a 300 gross ton vessel, even though in reality it exceeded 2,000 GT. A lot of political hoops to jump through, but I admire the owner for his insistence on flying the Stars and Stripes early with such a beautiful and visible vessel. The recently enacted Small Vessel Waiver program offers the same foreign-built exemption that wasn't available back in 1996. About time. Also, a U.S. flagged vessel is subject to state one-time sales and annual use, registration and property taxes. Rhode Island, as one extreme example, levies no sales tax and only charges $310 annually for registration for large yachts and allows non-residents (remember John Kerry?) to register their boats in-state. Compare that with California and their near 10% sales tax and 1.1% annual property tax rates. You'd have to be insane to homeport your $100M megayacht anywhere in California. With all the pain that surrounds getting onto the U.S. registry, you do get some benefits: Ostensible protection by the U.S. Navy and Coast Guard worldwide. Plus you can freely move between U.S. ports without paperwork.

[@chriskeenan1]

Thanks for explaining that so well. I always wondered about the flags.

[@adolf-8834]

Bow flag represents the area you are visiting.

[@martin3203]

Thanks for your work, always informative.

[@blewyd]

Thanks for explaining this so well while still making it simple for viewers with little Yachting knowledge. Always curious about this and always tried to research and got very confused.

[@TheAtma50]

Very interesting & informative, I didn't know there was so much to it. Stay Safe !!

[@frankv4271]

Very interesting, great as usual, keep up the great work.

[@chrisg1234fly]

Great video, really interesting. If only i'd known about this career sooner!!

[@cggage]

Very interesting! I've always wondered why this is the case. I suspected it had to do with taxes, but I was not aware of all the other factors.

[@ArtIsNotAlwaysEasy]

Thanks for the video. I would also love to know more about naming ships and renaming them when owners switch.

[@charliem962]

Yes, that's really interesting. Do owners keep the name, or do the buyers just want their own choice of name? It seems a shame to change the name of a famous yacht.

[@bisonbro7]

Naming a vessel is owner's choice. Not much to it really. Some owners like Usmanov prefer to retain the name for their newest yacht, while some dont. As long as there isn't another vessel on the flag register with the same name, the owner is good to name it as they wish.

[@philiphannum4211]

Very well done and very informative. Thank you for making it.

[@garybarnes3746]

Great video as always. Your experience and knowledge make this a stand out channel.

[@edferculo8887]

Always a great and informative and entertaining video. I am a 35 year fishing boat owner operator and you have taught me so much. Keep on making these great videos. Still have so much to learn. Paca Paca

[@greggeorge3638]

As always, very informative. This is something about which I have often wondered. Thanks!

[@SergeiBoy]

You answer questions to topics I have not thought to ask. Great videos . Thank you

[@DSjockey]

Thanks for covering that, I had always wondered

[@kellingtonlink956]

Thanks for a well thought out and thorough answer.

[@BenDoverII]

Great vid...Very informative!!!

[@steveSmith-pd4st]

Cracking informative video, well done mate.

[@dorflonnigan4413]

Great video, always wondered about the flags, Was going to ask about the model on the window sill, but you answered it. Love that model

[@jinksonyou]

That was very educational, thanks for sharing! Cheers from Canada eh!

[@weshallbesaved5137]

Always appreciate your time and information...stay safe..

[@rspearsonyt]

thank you, for your simple explanation of an often very complex set of rules and regs in place for yacht ownership

[@noelht1]

Enjoyed this vid. One of the most informative. Good work

[@dnmurphy48]

Very interesting and a model of clarity. Enjoyed that.

[@simonabbott977]

Great overview, keep going it was very interesting.

[@stevelittle8404]

Great episode. Very, very interesting. I love the Riva as well, it looks like an Aquarama.

[@jarritos82]

This video was very insightful. Thank you!

[@johnmcguire7435]

Thanx learned alott n enjoy how u explain everything so calmly n very understanding of n explaining! Was so easy to understand u r my favorite to explain u r very notaligable n no what u r telling us thanx

[@lilacscentedfushias1852]

I found your channel because of the war in Ukraine, we have family there so we don’t take more of an interest in the topic. So I watched a couple of videos about the boats being seized. Then off I went down the rabbit hole…a click here, a click there and I was fascinated! So much information about a subject I didn’t even know existed. It definitely appeals to the mild autistic spectrum side of me 😀 It’s also lovely to see nice scenery with sunshine and beautiful clear blue skies while I’m home in the uk in the cold. I have indulged in your videos while it snowed 😂 I almost just closed the curtains and pretended that it wasn’t really snowing 😂

[@bjjrhino]

Thank you a very informative video.

[@parrisbradley]

I had no idea! Thanks for the information,, very interesting

[@elove312]

Thanks so much, this was very informative

[@1zcott]

love the channel!

[@peggyblairjr6564]

Hi. I am a new subscriber to your channel ...it is well done and I enjoy learning from your videos! Very informative and interesting.. Thanks

[@tomshourd2601]

Very interesting and well explained, thanks. Like your yacht, small but nice 👌

[@ah244895]

Very interesting. I knew a lot of this, but your brought it all together. Your more interesting than anything in cable TV.

[@1Giuseppe007]

Thank you so much for the super great information you provide !!!

[@judge4all]

Well done … very informative. Keep up the good work/

[@sighpocket5]

Nice!!!!!(very informative....Thank You!)

[@richarddavis7548]

Love to learn more!

[@smeggy7979]

Another great video...thanks as always...Jealous over the model of the Riva, its a beautiful boat.

[@richmiller2501]

This is a great channel !!!

[@erinschlam1854]

Yeah I learned about the taxes and hiring the crew and all of that stuff the hard way. Love you channel by the way, just stumbled onto it a few weeks ago

[@rustystuff]

Always wanted to know this, thank you!

[@DeanPorterEsq]

Very informative video, thank you.

[@johngault8368]

Well done again. Topics covered from Life-Health-Safety to billionaires filching on taxes, and all leads to the flagging, fascinating as usual. Almost went to Strathclyde, thought about marine architecture but took another path. Design is a creative challenge but always comes back to code and engineering. There again that is why coolest architecture is often not in the US.

[@samsmith3025]

Do more similar to this presentation style,very informative.

[@sosguy1893]

Great info, thanks.

[@RichieRouge206]

Very interesting video indeed, had always wondered this!

[@randy6850]

Thank you, this is very informative.

[@dariusscruggs187]

Superb job!!!! Thx for the info.

[@jameshampton8730]

Very interesting. I hope you do the follow up video. Very informative. Thanks

[@markoutlaw7702]

Great resource! Thank you! Yes please do more about the regulatory conditions that affect Super yacht ownership.

[@samiudsan1742]

it deppend hu u are hu du u know haha

[@elizabethrogers1152]

I don't care what they say I'm going to 'hire' you Esysman. I'll double whatever your making now. Just hold on,it's going to take me a minute to meet those qualifications 😂. very interesting and informative video!

[@moneyfindersllc6236]

Excellent!! More, Please!! ;-) 👍👍

[@jase1911]

Excellent video just curious if you could do another video based off your knowledge of the differences in fuel prices around the world (what are the best prices) with route choices and why they would choose particular places over others to sail to

[@karenfleming2440]

Your Utubes are fascinating. I'm a land bound NYC licensed Tour Guide and information maven. Started watching because of Russian boat arrests. Now.. I'm hooked on your easy breakdowns of industry facts and figures. BRAVO. Y U

[@veronicaalessandrello1022]

Interesting! Your channel is appreciated. Nothing better than to be clued-up when you seat at the marina’s terraces mesmerising those Architecrural and engineering masterpieces ⭐️⭐️⭐️⭐️⭐️

[@chrisgattim774]

Rally interesting. Thank you!

[@mrgboy247]

I was watching and listening to this video like I was studying for a test! Lol

[@popsoldboats3406]

Oh crap another test?

[@kevinmaxwell5448]

Very informative thank you

[@robmurphy6077]

Thanks again for a great blog ,,, from a very wet South Wales

[@SueEmmDee]

This video was very informative and I love the Riva toy.

[@russoley8995]

Nice Yacht you have :)

[@jimprovan8866]

Thanks for the explanation bloke, very informative. You are very knowledgable for a Scotsman.

[@TomChame]

Very interesting, thanks.

[@applicareinc]

Thanks for the educational video.

[@alf970]

Nice video and nice riva yacht :).

[@ryanwall9229]

I currently work on the M/V Pride of America. Per US law up to 25% of the crew is permissible to be NRAC (non-resident alien crew). We only have approximately 900 crew in full operation. In the early days, with three ships, we did have problems finding enough crew. Though major cause for the reduction to one ship was because of supply/demand. We had too much for the demand for the Hawaiian market. Aside from this unfortunate mess of COVID-19, 1 or 2 midsize US flag ships would meet the normal demand for this market. Staying in the Hawaiian islands for a week is preferred to spending a week transiting from Mexico to do less.

[@allenwinston9225]

Thank you for your post. The Jones act requires the vessel to be made in the US for new vessels. If vessel is over 3 years old it can apply for an exemption. Is your vessel over 3 years old?

[@4englishlies875]

Wow never knew any of this, and now that I have watched this it does make sense now. It was a hmmm moment for me.....lol great video

[@susanking9733]

thank you and very interesting topic.

[@spencemorgan6338]

Fascinating! Thanks for the interesting explanation. Just one more way tax avoidance changes behavior.

[@peneloped.wenman4388]

... a glorious endless Buffet of info ... deeply informative for me as I'm new here ... I am plunging right in to everything SuperYacht .. I've sent a recommend to my youngest brother, who is a model Ship builder, such as I ... he's been into ancient ships; Egypt to Chinese ... but, I must mention how much I enjoy your Riva Aquarama; Italian flag, in the background ... nice wood ... reminds me of the old (Ed) Monk Yachts from here on the West Coast of Canada ... Monk as in surname, not occupation ... last one seen tragically abandoned locally; a real mess ... so sad ... a Monk Sedan 46 ft. 1963.... one recently seen for $55.000.00 US Washington State ... gorgeous wood, I just love the woods ...

[@GerardoLiraSolis]

I really would like it, if you went deep in to this subject. Good video as always my friend. Regards from Mexico

[@captainmorgan979]

Very interesting, I always wondered about that topic

[@madhawk95]

2nd time watching this. Great information!

[@dannyallen4357]

Very informative video.

[@andiscott8470]

Really interesting video... Many thanks for sharing the information... Almost mirrors the registration of our jets... Isle of Man is a very popular place for private owners to register there aircraft, for many financially beneficial reasons.

[@MrAumbra]

Very interesting. Thank you

[@carolineorner]

Congratulations on your Riva. It’s beautiful. 😍

[@richardkrentz7553]

Very informative. Really enjoy your explanations. Of course the US and other countries have ridiculous tax laws which prevents owners from displaying their country's flag. It's all about money.

[@kishorbalachandran3050]

Thanks for the video. I been looking forward to this type of informational videos. I saw videos of cruise ships caught in sea storms. Is that normal if a yacht stuck in storms?

[@benc7044]

Nice one! 👍

[@finefloor]

Heads up, the Y3 chief limitations are 500gt-3000Kw not 3000gt-3000Kw. Your posts are good, keep at it. When people ask me what its like to work on a super yacht I send them a link to one of your vlogs. Cheers.

[@pauls6152]

Very nice video Thanks

[@kevinarmstrong3125]

Noticed the Riva Immediately and wondered where you got it............They remind me of my childhood when we would holiday on lake Garda in the 60's

[@danielbenia2145]

eSysman thank you so much for this video. Im STCW Chief Engineer Unimited and to be honest i didnt know a lot of thing that you very well explains in this video. I have some questions but i want to watch all your videos before ask. Thank you so much.

[@johndunn36]

So very interesting on the tax laws and flags of confidence which I had heard about but not understood fully. Thank you for your very interesting insight of the super yacht world.

[@stevenrobertson9583]

Yes I am from the US and I wasn’t aware of this so I need to check into this because I am planning on buying one! So thanks for a heads up!

[@thomasmccourt215]

I am sure your broker and marine lawyer would have informed you when you put your plan into action

[@cranck07]

The whole tax thing is really difficult. Even smaller vessels inside Europe seems to favor a Malta registration. Not sure if it's the VAT or another added tax deciding it.

[@Crazy_Worlds]

Yes, Malta has the lowest superyacht VAT rate in the EU. So, if you want an EU registered vessel, for instance for Mediterranean charter, that’s the place to go.

[@TheSilmarillian]

Nicely explained hello from Australia

[@jasongold708]

Leslie Wexford of Victoria Secret fame who owns m/y Limitless which is 3000GT is U.S. flagged. He had to go through an act of Congress in 1997 to get it registered in the U.S. I believe his yacht will always remain the largest yacht registered in the U.S. It's 96.25 meters.

[@xs10z]

Superyacht "Usher"... 481 tons... hailing port is Miami and U.S. flagged. Currently moored in Annapolis... made me happy to see her there!

[@eSysmanSuperYachts]

Yes as I said in the video you don’t see many and offered the reason why. But since 2018 there has been a way forward for people who want to register their yachts in the US.