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January 30, 2014 – Riviera Nayarit Marina

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AGACE has begun releasing boats from impoundment. Photo Latitude / richard
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AGACE agents not 10 feet from me are signing final documents that will make Riviera Nayarit Marina a Depositaria, which will immediately release the 53 boats that have been impounded here since late November. Apparently the Depositaria designation is merely a legal way for AGACE to get out of the legal mess and PR disaster they created for Mexico. There is no word on the fate of boats impounded in other marinas, but this is a good sign. In other news, a front page story in Reforma, Mexico's New York Times, quotes a SCT — ports and port captains — official as saying there will be no more of the audits and embargoes of foreign boats. Alas, they have no control over AGACE. See tomorrow's 'Lectronic for details.

- latitude / richard

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