Having just been through this your going to find it frustrating. It's 110.00 for the license. It's not valid unless you paint the letters on your boat and a flag that can be read from the air. I don't know a single boat that has done this but it is the rule. Don't use the local boat form since it's based on where the boat is registered. Don't use the Foreign Vessel over 25 foot form because we'll just because. Use the form 6 Foreign Vessel form. In addition even though it repeats exactly the same information you will have to fill out a Vessel discription form. They also want pictures of the boat and the fishing gear as well as a copy of the registration. You will also need the model number of the installed engines. Once you get the license you will be given a bunch of forms where you have to report each fish caught and the location. They provide you a convenient grid map of the BVI for reporting location. Make sure the forms are onboard while fishing
To send all this information you will need to scan the forms into a PDF format. They no longer accept faxes. Their software can't read the PDF's if you bundle more then about 4 pages so break it up into 2 or 3 parts. Good luck!
G