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The definitive guide to living and working in the Cayman Islands
Sep 02, 2014 

Buying a Boat in Cayman

Last updated: 3rd September 2013

In this section we provide information on buying a new or used 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.

Companies that Sell Boats & Outboard Engines

Automotive Art & Yamaha Power Sports
Tel: (345) 949 7102
Website: www.automotiveart.com
Authorised sales, service and support for Yamaha outboards. They also offer Deka marine batteries and all Meguiar's premium marine products. 

Avalon Marine
Tel: (345) 945 5103
Email: rafe@avalonmarine.ky
Website:
www.yachtworld.com/avalon
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.


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
Dealers for all Hall spars, Quantum sails, Mack sails, Hobie and Laser Performance boats, equipment and parts. 

Harbour House Marina (HHM)
Tel: (345) 947 1307
Websitewww.harbourhousemarina.com
A full service marina with a 70 tonne marine travel-lift and a forklift/crane support. They are the authorised distributors for Boston Whaler, Sea Ray, Angler and Honda Marine outboards. HHM has the largest marine retail store in the western Caribbean, stocking all key brands of marine equipment, and they have a fuel dock stocking diesel and premium gas. They are located on the North Sound waterfront at the end of Marina Drive in Prospect. They also have a brand new indoor marine repair facility, the largest in Cayman, where they can carry out specialist work on boats, engines, and marine electronics.

Kirk Marine
Tel: (345) 946 3575
Websitewww.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 stock items for all ages and have introduced clothing and swim lines such as Salt Life and Ipanema. 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.

Scott's Marine
Tel: (345) 949 4186
Email: info@scottsmarinecayman.com
Websitewww.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 license 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, such as house insurance, 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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