I'm in a quagmire and need help

[bensolomon]

Originally Posted by Montanan

Prospective solution to your quagmire / quandary. Cancelling the TIP and removing the vessel from Mexican territory to execute the private sale and transfer of ownership and having the new owner reflag the boat so as to avoid triggering Mexican obligations [import tariff, IVA - VAT, foreign income tax on profits, if any, arising from sale of vessel, importer registration, etc.] sounds like the most likely method of easing the transaction.

No money can change hands in Mexico.

No Mexico transaction / No Mexican liabilities or compliance issues.

The new owner should be able to re-enter Mexico with their reflagged vessel and a new TIP.

Of issue is that it takes a bit of time to reflag a vessel and to obtain a new TIP, not sure if the boat will need to stay out of country for the duration of the bureaucratic tasks and receipt of the paperwork and how one gets the paperwork of registration / documentation to the boat before it reenters Mexico, a logistics issue that.

Your TIP can be cancelled at the harbor you depart Mexico from.

What's ELE on the scale?

[fabgo]

Originally Posted by bensolomon

What's ELE on the scale?

Extinction Level Event is my guess

[bensolomon]

Originally Posted by fabgo

Extinction Level Event is my guess

Thank you! I'm going to use this chart when I explain bad outcomes in a root cause analysis.