3 ms·
Why would you want a US-flagged boat other than patriotism? (Not being facetious, actually curious if there's a reason to prefer Amurrican to one of the more ty
by zekevermillion 11y ago
Why would you want a US-flagged boat other than patriotism? (Not being facetious, actually curious if there's a reason to prefer Amurrican to one of the more typical flag countries.)
- bzbarsky 11y agoFor a commercial vessel, if you want to carry cargo from one US port to another. See https://en.wikipedia.org/wiki/Merchant_Marine_Act_of_1920 https://en.wikipedia.org/wiki/Merchant_Marine_Act_of_1920 though that also requires the vessel to be US-built/owned/crewed...
- superuser2 11y agoTheoretically, the protection of the US Navy.
- rpgmaker 11y agoWatching Captain Phillips one of the things that impressed me the most was how much money and effort was put into rescuing Captain Phillips and his crew. Of course much of the pressure was political with Obama just starting out his presidency but still, it was a clear indication that it pays to be American.
- yardie 11y agoWhats a typical flag country? You mean Panama, Liberia, Cayman islands? To get those flags costs thousands of dollars per year in incorporation fees. For your typical billion dollar cruise liner, or megayacht, this is a rounding error. My DE corporate taxes are $300/year. Its a bargain in comparison.