The Transfer of Ownership form is a formal document used, among others, to hand over the ownership of a boat from one person to another. On some occasions other than when you are purchasing a vessel, it can be used to make any changes to a vessel’s endorsement status, to add or remove a spouse…
Owning a boat is something many people dream of. Have you ever sought out documentation services for your ship? If you’ve ever had to go through this, you know it can be a costly endeavor. Registration and the boat documentation cost may run into the thousands of dollars, and that’s before any connected expenditures like…
As you are probably aware by now (or not, if you are new to the boating world, but trust me, you will in a matter of minutes) there is a lot of different paperwork you need to comply with if you want to navigate your boat around freely. The association in charge of that is…
You must be familiar with the form CG-1270 code, sometimes referred to as the Certificate of Documentation, if you are a yacht owner in the United States. The United States Coast Guard provides this certificate. It may demonstrate that your vessel satisfies specific standards, including its size and ability to withstand the elements at sea….
You’re probably already acquainted with the federalregister.gov. Everyone is in a different scenario than the next one. For example, a new member may fill out the CG-719B form to get a learner’s license. A CG-719B form may be used to renew a member’s license if they already hold one. The CG-7219B allows other members to…
If you’ve ever bought a dealership-advertised secondhand boat, you undoubtedly have a warranty bill of sale in your filing cabinet. With this document, you’ll be able to establish that your boat includes specific guarantees and that warranty repair will be performed directly by the manufacturer or reseller. A boat warranty bill of sale is a…
After much consideration, you’ve decided to get rid of your yacht. Great! Nevertheless, the transaction cannot be formalized until a boat bill of sale has been obtained. A bill of sale is a legal document that facilitates the transfer of ownership between a buyer and seller according to
If you’re going to purchase a yacht, the bill of sale will be an important part of the transaction. In legal terms, a boat bill of sale is a document that confirms that ownership has been transferred from one person to another. It will be required to properly title and register your watercraft in your name….
The boat bill of sale records the transfer of ownership between two parties trading in watercraft or boating equipment. A legally enforceable document means that if there is a disagreement about the provisions set forth within it, the document will be enforced. In California, if you are a vessel owner, you are probably acquainted with…
So what is a preferred ship mortgage? It is a type of mortgage that protects you as the lender. Maritime liens other than preferred Maritime Liens do not prioritize First Preferred Ship’s Mortgages, which are lodged against vessels registered with the United States Coast Guard. A First Preferred Ship’s Mortgage is a mortgage recorded against…