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The Custom House
SHIPPING, DUTIES, ETC., Eтc.
Yachts used and employed exclusively as pleasure vessels, otherwise entitled to be documented, may be licensed to proceed from port to port within the United States without entering or clearing, and to foreign ports without clearing at the custom house. Such license will continue in force for the period of one year.
Licenses will be issued to yachts built in the United States and owned by American citizens; yachts or pleasure vessels of greater burden than 5 tons, sailing without documents, become subject to disabilities.
Yachts of 20 tons and upwards must also be enrolled. Repairs to yachts abroad are not subject to duty. Before the issuance of a license to a yacht, the owner or owners must execute a bond in accordance with the required form, to the satisfaction of the collector.