The definitive guide to living and working in the Cayman Islands
Jul 31, 2014
Buying a Boat in Cayman
Last updated: 3rd September 2013
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:
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
sales, service and support for Yamaha outboards. They also offer Deka
marine batteries and all Meguiar's premium marine products.
Tel: (345) 945 5103
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
Cayman Power Sports & Marine
Tel: (345) 943 2005
is Cayman's certified Suzuki Marine dealer. They service and sell
Suzuki Outboard Motors and parts. They also sell Zodiac RIBS.
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
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.
Tel: (345) 946 3575
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.
Tel: (345) 949 4186
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
Government Boat Licensing Fees
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.
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.
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