Has it come time for one of the members of your vessel ownership team to move on from co-owning the vessel? Are you in the process of joining a vessel owning partnership with others? Getting a new vessel, even partially, can be the thrill of a lifetime. That said, selling a vessel or your stake in it can be plenty exciting, too. To do so properly, however, you have to stay in compliance with the Coast Guard, which isn’t always as easy as it seems. At our site, we make USCG documentation vessel change of ownership easy whether you’re selling or buying.
What All the USCG Documentation Vessel Change of Ownership Form Includes
The “Transfer” form at our site allows you to do more than you might realize at first glance. Obviously, it makes it possible for you to transfer the vessel to new ownership, whether that’s another person, a company, or even a trust. Additionally, this form makes it possible to add or even remove a spouse/partner if need be. One purpose people often overlook with this form: you can use it to change who the managing partner of the vessel is. If you’ve ever used a “boat bill of sale” form for an undocumented vessel, the “Transfer” form is not dissimilar.
What to Keep in Mind
We know that many of our vessel owners get their vessels documented so that they can get a mortgage on their vessels. That said, if you’re going to transfer the vessel to someone else, you need to get the permission of the lender/mortgagee to do so legally. Additionally, you could just satisfy the mortgage. Failing to do so can open you up to all manner of problems. If you have any questions about how this works, we’d be more than happy to answer them.
A Form You Can Fill Out From Anywhere
As vessel owners ourselves, we know that feeling of sitting down to fill out a form, then seeing all of those blanks to be completed and thinking: “This is more work than I thought it would be.” That’s just one of the reasons we’ve streamlined the process. We’ve marked the blanks you have to fill out. On top of that, we made our site mobile-optimized – that way, you can fill it out from anywhere on just about any kind of device, so long as you’re connected to the internet.
All the Vessel Documentation You’ll Need for Your Vessel (and the Next One)
Moving on from owning a vessel can be a significant change in a person’s life indeed. That said, when you get the itch, when it’s time to get a new vessel, we can help you through every step of the process. For example, the “Abstract of Title” makes finding out all of the information you need to get before you buy a vessel easy. Then, once it’s time to document it, and start the process over again, you can use our site for that, too. See all that we offer today.