Meh, it's a simple licence, really. It's theoretical knowledge only and it costs ?5...
I was looking at that same one. Let me know what you think (most importantly, any odd foibles. Most units are fine, capability-wise...it's the little things that make or break it.)
Well, that list narf posted includes licences for operating the radio and the emergency signaling equipment. Yes, here you essentially need a licence to grab a signaling pistol and shoot straight up in the air.
In Germany, you probably can't afford a boat because all your money is spent on the necessary licences.