An instrument in the nature of a bill of sale or a deed of gift must:
(a) Meet all of the requirements of subpart O of this part;
(b) Be signed by or on behalf of all the seller(s) or donor(s); and
(c) Recite the following:
(1) The name(s) and address(es) of the seller(s) or donor(s) and the interest in the vessel held by the seller(s) or donor(s); and
(2) The name(s) and address(es) of the buyer(s) or donee(s) and the interest in the vessel held by each buyer or donee.
