The United States Code pertaining to the filing and recording of mortgages and related instruments is Title 46 USC 313; the applicable regulations are found in Title 46 Code of Federal Regulations, Subparts O, P and Q, Sections 67.200-245. The U.S. Coast Guard acts principally as a recording agency in regard to mortgages and related instruments; therefore, it is suggested you review the cited references and/or seek private legal counsel for additional information. There is NO government form for a preferred mortgage; however, there is an Optional Application for Filing form, CG- 5542. This form may be attached to a mortgage or related instrument. If CG-5542 is properly completed, the instrument to which it is attached will be filed and recorded WITH NO FURTHER REVIEW. An original or a copy of form CG-5542 must be submitted with an original or a copy of the mortgage. The mortgage or related instrument must include the following:

"*" indicates required fields

Signature by or on behalf of the vessel owner(s) and acknowledged by a notary public
Addresses of both the mortgagor and mortgagee
Must cover the “whole” of the vessel; cite a definite amount, identify the vessel by name, official number and/or hull number
A mortgage cannot be accepted for filing unless the vessel has a valid Certificate of Documentation or an Application for Initial, Exchange or Replacement, CG-1258, on file at the NVDC.

1. VESSEL NAME AND OFFICIAL NUMBER (OR OTHER UNIQUE IDENTIFIER)*

LIST COAST GUARD ASSIGNED OFFICIAL NUMBER, MANUFACTURER’S HULL IDENTIFICATION NUMBER (HIN) ASSIGNED IN ACCORDANCE WITH RULES IN 33 CFR, OR OTHER UNIQUE IDENTIFIER, (STATE MOTORBOAT NUMBERS ARE NOT CONSIDERED UNIQUE IDENTIFIERS.)

2. INSTRUMENT TYPE (CHECK ALL THAT APPLY)

PREFERRED MORTGAGE

CHATTEL MORTGAGE

AMENDMENT

SUPPLEMENT

SUBORDINATION

ASSIGNMENT

OTHER

Describe

3. NAME(S) AND ADDRESS(ES) OF GRANTOR(S) (MORTGAGOR(S), ASSIGNOR(S), ASSUMING PARTY(IES), OR OTHER(S)

GRANTOR. FOR PURPOSES OF THIS FORM, GRANTORS INCLUDE MORTGAGORS, ASSIGNORS, PERSONS ASSUMING MORTGAGES, PERSONS GRANTING SUBORDINATION OF MORTGAGES. LIST ALL GRANTORS AND ADDRESSES.

INTEREST OWNED IN VESSEL OR HELD IN MORTGAGE AFFECTED BY ATTACHED INSTRUMENT (100% UNLESS OTHERWISE STATED)

4. NAME(S) AND ADDRESS(ES) OF GRANTEE(S) (MORTGAGEE(S), ASSIGNEE(S), OR OTHER(S)

GRANTEE. FOR PURPOSES OF THIS FORM, GRANTEES INCLUDE MORTGAGEES, ASSIGNEES, PERSON FROM WHOM MORTGAGES ARE ASSUMED, AND PERSON TO WHOM SUBORDINATION OF MORTGAGES ARE GRANTED. LIST ALL GRANTEES AND ADDRESSES.

PERCENTAGE OF VESSEL MORTGAGED OR MORTGAGE ASSIGNED (100% UNLESS OTHERWISE STATED)

5. AMOUNT

6. IDENTIFICATION ON INSTRUMENT ASSUMED, ASSIGNED, AMENDED, SUPPLEMENTED, SUBORDINATED, OR, OTHERWISE MODIFIED:

NOT USED FOR NEW CHATTEL OR PREFERRED MORTGAGES. MUST BE COMPLETED FOR ASSUMPTIONS, ASSIGNMENTS, AMENDMENTS, OR OTHER INSTRUMENTS MODIFYING CHATTEL OR PREFERRED MORTGAGE FILED PREVIOUSLY OR CONCURRENTLY.

RECORDED BOOK:

Page

FILE/RECORDED DATE:

MM slash DD slash YYYY

TIME:

OTHER IDENTIFYING DATA:

Digital Signature of Owner or person acting for Owner*

I (We) hereby certify that the facts recited herein are true and correct. I (We) understand that the U.S. Coast Guard will rely on those recitations in indexing the attached instrument.

Signature*

CAPACITY (E.G., OWNER, AGENT, TRUSTEE, GENERAL PARTNER, CORPORATE OFFICER, MEMBER)

PREFERRED SHIP MORTGAGE

Price:

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Please note that all Abstracts of Title(s) will be processed at time of submission. To acquire an Abstract of Title to furnish proof of the completion of an application, or mortgage/instrument, please apply after the applicable application has been processed.

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USCG RENEWAL DOCUMENTATION ADVANCED PAYMENT OPTION

NOTE: The NVDC issues a Certificate of Documentation (COD) for commercial vessels with a one-year validity period. If you purchase the Multi-Year Renewal option, you will receive a new certificate each year during your expiration month, for the number of years purchased, sent to the address on file. A single certificate covering the entire renewal period will not be provided.

1 year renewal (additional $75.00)

2 year renewal (additional $150.00)

3 year renewal (additional $225.00)

4 year renewal (additional $300.00)

5 year renewal (additional $375.00)

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I agree to pay the above total amount according to the card issuer agreement and hereby authorize the charge for the total amount above for the processing of selected USCG documents. I understand that my application will be processed in the order in which it is received. I understand that application and processing fees are non-refundable as per 46 CFR 67.500(e). By clicking the submit button you are agreeing to our terms and conditions. I understand that submitting another application for vessel documentation will supersede the current/pending application for that vessel.

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