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Thread: DEFO back at CX
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Old 26th Sep 2016, 10:34
  #381 (permalink)  
MENELAUS
 
Join Date: Aug 2015
Location: Gerloz
Posts: 875
Received 27 Likes on 14 Posts
As a result of recent incidents in HKG waters the local MARDEP is under the microscope. As a result they have taken a revised stance ( to be strictly correct it was always the stance just never enforced before ) that long term liveaboards are illegal. This despite the fact that people have lived on them, and bought and sold them happily for years.
As a result CX will not pay the assistance for a new boat mortgage. They are honouring existing agreements. This has the knock on effect of making boats difficult to sell.
Lobbying of our dysfunctional government is under way so this may change. Don't hold one's breath however.
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