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Dec 20, 2014 

Buying a Boat in Cayman

Last updated: 3rd December 2014

In this section we provide information on buying a new or pre-owned boat in Cayman and we also talk about Cayman Island's Government boat licensing fees and boat insurance.



Buying a Boat

If you would like to buy your own boat, here are a few things to consider: Once you have decided on the type, size and price range, the next thing to decide is whether you want a new or used boat. You get more boat for your money with a used boat, but you sacrifice the warranty. There are several brokers specialising in used boat sales but they can also help you with the process of buying a new one, whether in Cayman or overseas. A good broker will help you determine what you need in a boat and scour the market with you as your ally, steering you away from potential problems and boats that might be considered poor value. New vessels may not be trouble-free, but if you purchase from a local dealer, you have the benefit of warranty service on-Island. There are several new boat dealers in Cayman selling a wide range of quality vessels. Pricing is competitive and the sales staff are quite knowledgeable.

Boat Dealers, Outboard Motors and Brokerage

Automotive Art & Yamaha Power Sports
Tel: (345) 949 7102
www.automotiveart.com/cayman
Authorised sales, service and support for Yamaha outboards, as well as a large inventory of Yamaha spare parts. They also offer Deka marine batteries and all Meguiar’s premium marine cleaning, maintenance and repair products. Dockside repairs available.

Avalon Marine
Tel: (345) 945 5103 or Cell: (345) 516 7708
Email: rafe@avalonmarine.ky
Mobile boat maintenance, repair and management services for all vessels and watercraft. Brokerage for new and used boats, locally and internationally. Extensive experience working within the US market to find, survey, inspect, purchase and deliver boats to Cayman. Mooring installations; captain services, lessons and deliveries. Storage - dry and moorage. Exclusive dealers for WorldCat and exclusive broker for new Intrepid Powerboats.

Boating Made Easy

Tel: (345) 749 7555
Email: boatingmadeeasy@gmail.com
www.bmecayman.com
Boating Made Easy provides secure long and short term storage for boats, trailers, jet skis and cars. Their experienced team will safely launch and haul your boat to and from desired locations. They offer monthly maintenance on boats and motor-related equipment and  mechanical service, Fiberglass/Gelcoat repairs and hull repair/bottom paint.

Cayman Power Sports & Marine
Tel: (345) 943 2005
CPSM is Cayman’s certified Suzuki Marine dealer. They service and sell Suzuki Outboard Motors and parts. They also sell Zodiac RIBS.

Compass Marine
Tel: (345) 916 0660 or (345) 945 0660
Email: mike@compassmarine.ky
www.compassmarine.ky
A full service boat and marine service and repair company offering fiberglass, electrical and mechanical repairs, cleaning and detailing, dockside repairs, rigging and splicing, as well as hauling and launching up to 50ft and 20 tons with their hydraulic trailer. They also offer emergency hauling, trailer repairs and sales, boat storage, custom boat building and they build handcrafted and one of a kind paddleboards out of balsa and paulonia wood. They are the exclusive dealers of Tohatsu Outboards, New England Ropes, Scorpion Bedliner for trucks and boats, Hall Spars, Quantum Sails, Mack Sails and Velocitek Speedpucks for avid sailors, kiteboarders and windsurfers.

Harbour House Marina (HHM)
Tel: (345) 947 1307
www.harbourhousemarina.com
A full service marine facility at the end of Marina Drive in Prospect. Facilities include a 70-ton Marine Travelift and 7-acre repair yard which is able to handle all types of marine repairs. HHM is the only authorized Sea Hawk paint applicator in Cayman and offers a one year guarantee on all anti-foul jobs. They are dealers for the Boston Whaler brand and Sea Ray boats as well as being the distributor for Honda Marine. HHM has a new dedicated 6,000sq ft indoor repair facility with factory trained Honda and Mercury mechanics. They also have an onsite rigger for sailboats. Their well stocked chandlery (boating parts) is the largest in the Western Caribbean offering all major brands of marine equipment. Their fuel dock carries 93 octane gasoline and low sulfur diesel. They have canal docks available for visiting yachts with the best rates on-Island which include free showers, wifi, electric and water.

Kirk Marine
Tel: (345) 946 3575
www.kirkmarine.ky
Kirk Marine has one of Grand Cayman’s largest fishing and tackle stores. They carry well known fishing brands such as Penn, Shimano and Shakespeare. They have a full service boat yard, providing boat repair and rigging services, and are the authorised dealers for Evinrude, Johnson, SeaDoo, Eduardono Panga, Triton and Continental Trailers.

MooreMarine Services
Tel: (345) 949 6672 or (345) 916 5572
Email: m_marine@candw.ky
www.mooremarineservices.ky
MooreMarine is a full service boat yard that provides all aspects of services including on site diagnostic and servicing of all types and sizes of recreational water crafts and power boats.  MooreMarine is factory-trained for Yamaha, Mercury, Mercruiser, SeaDoo and Johnson certified with over 25 years of experience. They utilise the highest level of technology in managing a full range of marine repairs and services as well as stocking of spare parts and boats. They are also an Authorized Dealer of Volvo Penta and Crusader Engines, Larson Boats, Stripers Boat, Hurricane and Rinker Boats, Glasier Bay Boat and Magic Tilt Trailers. 

Scott’s Marine
Tel: (345) 949 4186
Email: info@scottsmarinecayman.com
www.scottsmarinecayman.com
Located at Barcadere Marina on North Sound Road, Scott’s Marine is a full service marine centre, featuring a boat yard with a 110-tonne haul-out capacity and a new 15,000sq ft showroom, chandlery and service centre. They are Cayman’s only authorised Mercury Marine dealer, as well as being authorised dealers for Yamaha, Volvo Penta and Yanmar engines; providing manufacturer-backed warranty and a factory trained and certified service team. They are also dealers for Bertram and Tiara yachts, as well as Pursuit, Grady-White,  Cobalt, Starcraft and Bayliner boats. In addition, they offer a full line of marine batteries, parts, accessories, electronics, safety equipment, fishing supplies, apparel and more.


Government Boat Licensing Fees

The Government imposes an annual fee on vessels in Cayman which is collected by the Port Authority. It is the duty of a boat owner to complete a licensing form and let the Port Authority know of any changes. Boats under 21ft are free, 21-30ft CI$200 p.a., 31-40ft CI$1000 p.a., 41-50ft CI$2000 p.a., 51-60ft CI$3000 p.a., 61-70ft CI$4000 p.a., 71-80ft CI$5000 p.a., 81-90ft CI$6000 p.a., 91-100ft CI$7000 p.a. and all boats over 100ft CI$10,000 p.a. Commercial boats also need to be licensed but the process is a little more complicated. Jet skis for private use are free. Jet skis for commercial use are CI$150 p.a. To download a form visit www.caymanport.com/Forms.php. All licence fees are renewable in January.

Boating Insurance

Boat insurance is not compulsory in Cayman, although your bank will probably require it if you have taken out a loan to finance your dream. Boat insurance can be hard to get and some companies will only consider it if you have other coverage with them. Before deciding to become self-insured, you should appreciate the costs involved should you be involved in an accident causing injury or death. 
Copyright 2014 The Resident Magazine 2014. All rights reserved.
Acorn Publishing Co, PO Box 31403, Grand Cayman KY1-1206, Cayman Islands,
Tel: (345) 946 3200 Fax: (345) 946 2830 Email: info@acorn.ky
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