Satisfaction & Release of Mortgage Form [CG-1258]

Use this form to formally acknowledge the full repayment of a vessel’s mortgage loan.

Key Benefits

• Officially releases the borrower from mortgage obligations upon full repayment.
• Removes the outstanding lien from the vessel’s history.

Eligibility

• Vessel owners who have paid off their Preferred Ship’s Mortgage

National Documentation Portal Benefits

• Secure, centralized access to essential forms.
• Easy submission and tracking for efficiency.

The National Documentation Portal provides documentation and not advice as to whether or not you should file this or any other form. For further questions as to if this is the right form for you, consult a maritime attorney.

To be filed and recorded in accordance with 46 CFR, Part 67, Subpart S (67.265)

"*" indicates required fields

Failure to provide the Coast Guard with an acknowledged certificate of discharge of the indebtedness on full and final discharge of the indebtedness under a recorded mortgage may subject the mortgagee to a civil penalty of not more than $10,000 (46 U.S.C. 31309/31321(f)).

1. VESSEL NAME

2. 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.)

3. INSTRUMENT TYPE (CHECK ALL THAT APPLY)

PREFERRED MORTGAGE

CHATTEL MORTGAGE

AMENDMENT

SUPPLEMENT

SUBORDINATION

ASSIGNMENT

OTHER

Describe

4. 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)

5. 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)

6. AMOUNT

IF THE FOLLOWING INFORMATION IS UNKNOWN YOU MUST ORDER AN ABSTRACT OF TITLE UNDER ADDITIONAL SERVICES.

RECORDED BOOK:

Page

FILE/RECORDED DATE:

MM slash DD slash YYYY

TIME:

OTHER IDENTIFYING DATA:

AUTHORIZED SIGNATURE*

SIGNATURE (TYPE FULL NAME)

Signature*

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

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

Product Name

Price:

SATISFACTION / RELEASE OF MORTGAGE / LIEN

Price:

PLEASE SELECT ANY ADDITIONAL SERVICES YOU WISH TO HAVE PROCESSED

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.

Priority Request/Rush Processing

Add abstract of title

Add certified copy COD

Deletion from USCG Documentation

Deletion from USCG Documentation

VESSEL NAME AND OFFICIAL #*

Official Number or other unique identifer (ex. HIN)

Reason for Deletion*

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)

Total

Authorization*

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.

Credit Card*

Card Details

Cardholder Name

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BILLING ADDRESS*

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Name

First Last

Email*

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Phone*

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Agree to Terms and Conditions*

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By clicking submit you agree to these Terms and Conditions and the above authorization of payment.