The first time a vessel is documented, the United States Coast Guard (USCG) generates a record attached to the file, which is normally referred to as “Abstract of Title” or “General Index”. Apart from the basic information about the vessels, all of the transactions in which the boat was involved like changes of ownership, mortgages,…
Title insurance companies provide an abstract of title and a summary of the property’s ownership history. Owners of boats who are considering acquiring a vessel that has been previously owned may find this paper to be an invaluable resource in assessing the hazards of such an acquisition. Additionally, an Abstract of Title may be utilized…
Documentation of a boat or ship’s history may be found in the United States as a Vessel’s Abstract of Title. Transactions relating to the boat or ship are documented in the log. Documents like this one might be helpful when acquiring a boat since they list any known problems with the title. The Abstract of…
If you are in the market for a boat, the Abstract of Title is one of the most crucial papers you will need to be familiar with to make a purchase. This document establishes the owner of a certain boat and details any liens or encumbrances connected to it. Before finalizing a purchase, prospective purchasers…
Any vessel that was at some point registered with the United States Coast Guard (USCG) generated a type of document that we call “Abstract of Title”. If you are not familiar with this type of paperwork there is no need to stress. No one was born knowing what US Coast documentation is or what you…
If you are in the market for a new vessel, you must do your homework and become knowledgeable about all available possibilities for making a purchase. Buying a vessel that already has an abstract of title attached to it is a possibility that you have at your disposal. This article will give information on what…