If you are just starting out in your journey of being a boat owner, then it might be fair to assume that you are not yet versed in all of the different rules, regulations, and terminology that are used in the world of vessel ownership and boating. Not all of it is necessary to know…
If you’ve been in the boating business for a while, the question about what is an abstract of a title probably popped into your head a few times. A document known as an Abstract of Title offers a historical account of all of the ownership changes and legal events that have been involved with a vessel.…
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,…
When you buy a registered vessel with the United States Coast Guard (USCG), you are obligated to get a title for it and register it with the USCG (USCG). To do this, you need to have an abstract of title for the vessel—an abstract of title details a vessel’s current owner and previous ownership transactions.…
When you are the boat owner, you must stay on top of all the paperwork and documentation associated with the boat. One document you’ll undoubtedly want to be acquainted with is the abstract of title. This is a rundown of every transaction that has taken place regarding your boat, all the way dating back to…
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…