Ferrydude,
Yes I'afraid you are right
When aircraft are ferried they are often on a ferry permit.
This temporary invalidates the ICAO airworthiness certificate.
Which means that the aircraft does not meet ICAO legal requirements.
This is very often the case for aircraft from the factory which have not yet been fully certified.
Under a ferry permit any local approvals apply.
i.e. under a US ferry permit extra fuel tanks may be installed which are usually not a standard option.
Also an FAA ferry permit allow a 10% increase in MTOW and even more with factory paperwork.
Regarding nav equipment even Douglas rented us INU's that just sit on the seat rails for navigation in the MNPS. I suspect that a GPS will do the same thing.
There are people who ferry company aircraft from A to B and there are professional ferry crews which are not the same thing
One more point for those that have ferried on FAA ferry permits, check requirement D2 on the back of the pink ferry permit