All Vessel Documentation Needed For Commercial Fishing

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All Vessel Documentation Needed for Commercial Fishing Fishing vessels have been setting sail for as long as recorded history to bring back fish for consumption or exchange, making fishing one of the earliest occupations. Throughout history, societies have evolved to the point where commercial fishing is now subject to a variety of rules and regulations meant to standardize and control the industry. Nowadays, the United States Coast Guard (USCG) and the NVDC have strict regulations that commercial fishing vessels in the country must follow. Keep reading to learn all about how to easily obtain such permits. Commercial Fishing Regulation by the USCG and the NVDC The National Vessel Documentation Center (NVDC), along with the USCG, is in charge of managing these federal documents. These agencies currently handle the documentation for approximately 225,000 different vessels. This might sound like a lot, but because they add billions of dollars to the economy every year, commercial fishing operations are an extremely important sector of the United States economy and thus are required to be tightly regulated. In the same way that owners have a responsibility to ensure that their vessel is fitted with the appropriate gear to operate safely, they also have a responsibility to ensure that they possess all of the required commercial vessel documentation in order to operate their boats in accordance with the law. In What Situation Does This Documentation Apply? Documentation through the United States Coast Guard is required for any and all vessels that meet the following criteria: to weigh at least 5 net tons, be owned in their entirety by a U.S. citizen, and most importantly, participate in fishing activities or coastwise trade. In particular, they are needed for fishing or trade that happens in U.S. waters or in the Exclusive Economic Zone, which is also called the EEZ. The EEZ The Exclusive Economic Zone of the United States extends out to a distance of 200 nautical miles from the baseline of the territorial sea, and it encompasses the waters off of Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, the United States Virgin Islands, and Puerto Rico. The only types of vessels that are exempt from this regulation are those that are not operated on navigable waters or EEZ fisheries, such as rivers, lakes, internal waters, or canals. Because of this, the Great Lakes in the Mid-Atlantic region are not included. The Advantages of Adhering to the Rules and Regulations To begin with, getting your commercial fishing vessel properly documented can save you money on taxes. This is because some states give vessels that are documented through the USCG a more favorable tax status. One additional monetary advantage is


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