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Boat in HK good idea and where?

Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

Boat in HK good idea and where?

Old 1st Oct 2018, 08:10
  #121 (permalink)  
 
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A 40' open shipping container also know as a flat bed container, can certainly carry large boats on the top deck of cargo ships.
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Old 1st Oct 2018, 09:11
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And sometimes they can conveniently fall off at sea...
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Old 1st Oct 2018, 10:01
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Originally Posted by Bend alot View Post
unitedabx, can you supply updates on how it all goes?

We had an uphill battle bringing a second hand aircraft into Australia via shipping - took days of interna(l inc wings) of cleaning and removing foreign objects, and we still got lucky getting it customs cleared.
The paperwork is all online now and fairly straight forward customs wise. It enters Australia as "personal effects" and you declare the boat as such and any belongings inside( in my case everything I own ). You need to have the boat cleaned and the various tanks cleaned and emptied prior to arrival in Australia. You get a certificate of compliance and scan it and send to the Aussie authorities. They have the opportunity to inspect the boat upon arrival and I will wait and see what they say. Hong Kong waters are not in designated "alert" areas so there should be no problems. Absolutely no foodstuffs to be onboard but that is obvious. The boat is customs sealed here in HKG by HKG Customs. The seal broken by their counterparts in SYD.
So fingers crossed.I will keep you posted.
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Old 1st Oct 2018, 12:54
  #124 (permalink)  
 
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Originally Posted by unitedabx View Post
The paperwork is all online now and fairly straight forward customs wise. It enters Australia as "personal effects" and you declare the boat as such and any belongings inside( in my case everything I own ). You need to have the boat cleaned and the various tanks cleaned and emptied prior to arrival in Australia. You get a certificate of compliance and scan it and send to the Aussie authorities. They have the opportunity to inspect the boat upon arrival and I will wait and see what they say. Hong Kong waters are not in designated "alert" areas so there should be no problems. Absolutely no foodstuffs to be onboard but that is obvious. The boat is customs sealed here in HKG by HKG Customs. The seal broken by their counterparts in SYD.
So fingers crossed.I will keep you posted.
Cheers Mate, ours went fine from export at Eastern Europe to Australia till a birds nest was found inside a wing - then that made for hard times.
Wish you the best. Are you following the boat or staying a while?
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Old 1st Oct 2018, 15:25
  #125 (permalink)  
 
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What about the boys with the 60 foot plus Junk behemoths , will they ship those on a flat deck?

Some Boats must weigh upto 50 tonnes . WTF were those guys designing & building them so big for? Ans: mines bigger than yours syndrome.
.
Or am I missing something???
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Old 1st Oct 2018, 16:15
  #126 (permalink)  
 
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Originally Posted by Bend alot View Post
Cheers Mate, ours went fine from export at Eastern Europe to Australia till a birds nest was found inside a wing - then that made for hard times.
Wish you the best. Are you following the boat or staying a while?
I'm following the boat. Gone by Xmas. No futire here.
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Old 1st Oct 2018, 18:03
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Originally Posted by Krone View Post


Hey , I just said to a guy, your boat is a worthless pile of Junk, lol .See i’m no coward
Krone, you seem to have a lot to say, most of it deliberately aggravating. I have a good friend in the Marina who's life has been turned upside down. If you don't have anything positive to say, then perhaps you can go off and play somewhere else...
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Old 1st Oct 2018, 18:04
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Originally Posted by Krone View Post
What about the boys with the 60 foot plus Junk behemoths , will they ship those on a flat deck?

Some Boats must weigh upto 50 tonnes . WTF were those guys designing & building them so big for? Ans: mines bigger than yours syndrome.
.
Or am I missing something???
...yet more evidence of your rather immature nature. Grow up.
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Old 3rd Oct 2018, 11:41
  #129 (permalink)  
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Someone suggested the option of finding a spot of land, close enough to sea - where you could drag up your (house)boat. Then convert it so plumbing and such would suit a land life.

No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.

I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
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Old 3rd Oct 2018, 15:28
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This made Bloomberg:

https://www.bloomberg.com/news/artic...ng-kong-expats

So now the world knows that "Kiihfuss and her husband, a pilot [...]" are paying a "[...] HK$63,000 monthly mortgage repayment on the houseboat [...]" plus mooring fees (which are quoted at HK$24k pm for a 60' boat) ...

"Regardless, living on the water has long appealed to those seeking an alternative to high-rise city life. Some companies even help to finance debenture purchases and provide boat mortgages. "

not sure what the strategy is here, engender or endanger sympathy from the masses? good thing no mention of stayaboards...
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Old 3rd Oct 2018, 18:02
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Originally Posted by LGB View Post
Someone suggested the option of finding a spot of land, close enough to sea - where you could drag up your (house)boat. Then convert it so plumbing and such would suit a land life.

No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.

I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
My thinking outside of the box would be (if you didn't have much equity in the boat and could get your assets out of HKG) this might be a good time to walk away from the boat, walk away from the job, stick the bank with the boat (and debt), leave HK, and start a new and happy life. Could be a blessing in disguise.

I'd say it worked during the housing crisis (because it kinda did for some), but unfortunately it didn't stick it to the right people (the banks who lent poorly got bailed out, the wall street scammers skated, and the taxpayers and honest investors got stuck with the bill; although at least it's a bill that'll never be paid).
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Old 4th Oct 2018, 05:10
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Originally Posted by Slasher1 View Post
My thinking outside of the box would be (if you didn't have much equity in the boat and could get your assets out of HKG) this might be a good time to walk away from the boat, walk away from the job, stick the bank with the boat (and debt), leave HK, and start a new and happy life. Could be a blessing in disguise.

I'd say it worked during the housing crisis (because it kinda did for some), but unfortunately it didn't stick it to the right people (the banks who lent poorly got bailed out, the wall street scammers skated, and the taxpayers and honest investors got stuck with the bill; although at least it's a bill that'll never be paid).
That would work EXCEPT land property was mortgaged and you could hand back the keys and walk away. Boats are personal loans from lenders. You can't hand the keys back, they don't want them they want their money back and will pursue you relemtlessly worldwide.
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Old 4th Oct 2018, 05:41
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Exactly, you cant just walk away from a debt because it does not suit you anymore. Not how the world works
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Old 4th Oct 2018, 06:57
  #134 (permalink)  
 
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Originally Posted by LGB View Post
Someone suggested the option of finding a spot of land, close enough to sea - where you could drag up your (house)boat. Then convert it so plumbing and such would suit a land life.

No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.

I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
Squatting is illegal in HK. "On squatter control, the Government conducts regular patrols to deter illegal squatting on Government land and leased agricultural land"
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Old 4th Oct 2018, 08:41
  #135 (permalink)  
 
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Originally Posted by TurningFinalRWY36 View Post
Exactly, you cant just walk away from a debt because it does not suit you anymore.
But at least CX guys are having that personal loan debt paid by their company. So its like a company provided rental really, you live for free but nothing at the end of it.

compare this to those livaboard families who are servicing their loans from post taxed salary. Alot do choose the boat option as they cannot afford to buy landed property. No allowances for them . 55k per month out of pocket & 6 million left to pay off.

The lady in the Bloomberg article says to move to an apartment would cost them upto 90000/ month. I mean wtf . There’s plenty to rent here for 20-30k/ month. Spoilt expats comes to mind.
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Old 4th Oct 2018, 08:54
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Krone, you seem to have a real problem with those people struggling with the boat situation. Nearly every comment you make is mean-spirited and cynical. Basically, you are a first rate a**hole. Noted. Many of those affected are friends and colleagues, and it is devastating them and their families. If you've got nothing good or positive to say, then why don't you just crawl back in whatever hole you came from. What an arse.
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Old 4th Oct 2018, 08:54
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Originally Posted by TurningFinalRWY36 View Post
Exactly, you cant just walk away from a debt because it does not suit you anymore. Not how the world works
Actually, you often can and it often does work this way. Happens all the time with people and even larger entities and corporations (who might have to jump through a few hoops but are effectively doing the same thing).

And sometimes (depending wholly on circumstance) it is the correct moral, ethical, and legal thing to do.

Depends a great deal on the exact circumstance of how it was accrued and on the lending entities ability to make your life difficult wherever you wind up.

Might not work or be a feasible plan in this particular case; not sure of the specifics of who lent what and their ability to recover what they lent wherever the person might wind up. Just trying to think outside the box for those it might help.

I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.

Last edited by Slasher1; 4th Oct 2018 at 09:05.
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Old 4th Oct 2018, 09:02
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Originally Posted by Slasher1 View Post
Actually, you often can and it often does work this way. Happens all the time with people and even larger entities and corporations (who might have to jump through a few hoops but are effectively doing the same thing).

And sometimes (depending wholly on circumstance) it is the correct moral, ethical, and legal thing to do.

Depends a great deal on the exact circumstance of how it was accrued and on the lending entities ability to make your life difficult wherever you wind up.

Might not work or be a feasible plan in this particular case; not sure of the specifics of who lent what and their ability to recover.

I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.
Not for individuals.
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Old 5th Oct 2018, 03:27
  #139 (permalink)  
 
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Originally Posted by Slasher1 View Post
I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.
There was always massive risk attached to purchasing a liveaboard. When I went for finance my lender
1) Wanted a property instead of the boat for collateral as they worried the boat was depreciating faster than the loan was reducing
2) the lender was a second tier finance company who borrowed wholesale and as a result my interest was twice what I would get borrowing from a bank for an apt
3) Questioned buying a liveaboard to maximise dock space vs buying an actual manufactured seaworthy boat that could find a market overseas
4) Questioned the value of the debenture vs the debenture face cost and the total finance package I wanted.
I think you’d be hard pressed to wriggle out of the finance obligation but worth a look.
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Old 5th Oct 2018, 04:25
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MC: once again, just trying to be the stirrer. Funny, my two friends in the Marina never had any such questions. I suppose it was probably because they took one look at you and realised you were dodgy on every level, so they decided to up the ante a bit in your case. Basically, as with everything else you say on PP, you are full of sh*t.
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