6/15/2023 0 Comments Thailand boat lincence![]() ![]() The purpose of importation of the Foreign Vessel could be anything from tourism or pleasure to sport but the importer must not use such vessel for commercial purpose. Yet, an importer must execute a Guarantee Agreement with the Customs Department certifying that if an importer does not take the vessel out of Thailand within a specified period, he/she shall be fined at the amount depending on the size and quality of the vessel. This temporary importation is not considered a formal importation as taxes are not applied. ![]() For the latter, the Customs Department imports into Thailand on a temporary basis, generally for six months. In terms of nationality, the vessels can be classified as either a Thai registered vessel ( Thai Vessel) or a foreign registered vessel ( Foreign Vessel). This article aims to provide a general guideline for foreigners on the procedures and regulations involved in the purchase and registration of a vessel for commerce. When a foreigner wishes to purchase a vessel and register it under Thai law, many considerations have to be taken into account.
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