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.…
Purchasing a big recreational boat with an abstract of title, such as a yacht, is a significant life decision. While you own the boat, you’ll be spending a lot of money on both selling it and keeping it maintained and cared for. For you, purchasing a yacht or other large vessel is a significant undertaking.…
While most yacht owners are aware of USCG Certificates of Documentation, only a minority are aware of where they may get a copy of the real USCG Abstract of Title. There are various reasons why having a valid title on your boat is important. If you own a USCG vessel, you must regularly maintain your…
If you are the owner of a USCG vehicle, you may be wondering how I get an abstract of title. Prospective purchasers sometimes want an essence of title to finalize a sale of a vessel since it documents your vessel’s ownership history. You need to know this if you’re trying to sell your USCG boat…
If you own a USCG vessel, you should have a copy of the abstract of title on hand at all times. Nevertheless, did you know that the USCG can take a while to process one? An abstract of title for your USCG vessel can be obtained for various reasons. An abstract of title is required,…
Any vessel that has been registered within the US Coast Guard (from now on to the USCG) has been generated what is called an abstract of title. We will explain its utilities in this article, but it normally includes information such as ownerships, interest, liens, and encumbrances that affect the title. What’s on the Abstract…
You finally were able to purchase the boat of your dreams. With current inflation and all of the different regulations instaurated, keeping your vessel up to date is not as simple as it used to be. Find out about the necessary documentation, in particular about the vessels’ abstract of title in this beginner’s guide. Abstract…
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,…
Has it been a while since you purchased a new vessel? Have you been trying to do research into one vessel or another but want to make sure that you’re getting information that you know is correct? If so, then you’re going to need a boat Abstract of Title. This form can be invaluable, giving…
“I can’t find a ‘bill of sale for a boat’ form online, can I just write it up by hand?” “Can I really use that bill to sell my documented vessel?” Selling your vessel can be an exciting time. You’ve found someone who’s willing to buy your vessel at your price. But, before you complete…