Have you got your eye on a vessel, but aren’t sure if it’s right for you? Are you doing the research into a boat (or even some boats) but can’t find an information source you can trust? This is something that prospective vessel owners have been dealing with for a long time. The internet (and other forms of technology) have made it easier than ever to connect to someone about buying a vessel, but all of that available info can make it harder to trust some sources. This is exactly the reason why so many vessel owners opt to get a Coast Guard Abstract of Title. That’s where we come in.
What You’ll Find in a Coast Guard Abstract of Title
The name “abstract of title” really means that this form is a record of all of the documents that were submitted to the Coast Guard in regards to one vessel. That’s it. What’s great about this form, however, is that it will give you definitive answers. Instead of having to take someone’s word for it, you can trust that you’ll know for sure the Coast Guard number, the hull Identification number, who built the vessel, where they built it, and when, as well as the vessel’s real name. Instead of “hoping” that you have the real info, you can know for sure.
A Chronology of Documents
The above are just some of the documents that this form will contain. Additionally, it could contain the Bill of Sale, as well as a Notice of Claim of Lien, a Satisfaction of Claim of Lien, a Preferred Ship’s Mortgage in addition to the Satisfaction of that Mortgage, if those documents exist. This way, you can see exactly who bought the boat, when, what liens were or even are on it. The last thing you want is to purchase a vessel and then find that there are all kinds of hidden liens and such that you’re now responsible for.
How This Helps You When Looking at Vessels
This allows you to know the truth. Say that you’re talking to someone online about buying a vessel and everything seems great. Then, when you get the Abstract of Title, you notice that the year the document says the vessel was built and what the owner is telling you don’t add up. That can let you know definitively that this is not the vessel for you. You want to know that, of course, before you spend the money.
Where You Can Take Care of Other Forms of Documentation
This is just one of the many documents that we have at our site. You can get an Abstract of Title here as well as several others. Hopefully, everything on the Abstract of Title checks out and then you do purchase the vessel of your dreams. From there, you can find all of the forms you’ll need throughout the course of your ownership of that vessel here. To learn more about how we can help, call us at (800) 535-8570.