Boat Abstract of Title

Boat Abstract of Title 2021 Update: What You Need to Know

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 you all of the information that you may need before you purchase a vessel. The more information you have in front of you, the better a decision you can make.

What a Boat Abstract of Title Contains 

Many vessel owners see the name “Abstract of Title” and think: “well, I’m not sure that document applies to me.” However, if you’re looking into a vessel you might buy, this form can help quite a bit. Specifically, it will tell the real truth about a vessel. Yes, it has the obvious about a vessel – its name, Coast Guard number, hull identification, and more. But, it will also tell you the builder’s name, as well as where (and very importantly) when the boat was built. Also: you’ll know whether or not there were or are any liens and mortgages on the vessel. 

Boat Abstract of Title

Researching a Vessel That’s Overseas 

Sometimes, the vessel you have your eye on isn’t in America. Should that be the case, we can help. Click on the form at our site called “Foreign Vessel Title Search Request/Transcript of Registry.” This form will tell you just about all of the information that the Abstract of Title would contain, but it will do so for vessels that are in Bermuda, Canada, the United Kingdom, the British Virgin Islands, the Caymans, and elsewhere. 

What Makes This So Important 

In a better world, everyone that was trying to get you to buy their vessel would tell you the whole truth. Unfortunately, that’s not always the case. For example, say that you have your eye on a vessel, everything seems great, but then you get the Abstract anyway, just to be sure. Then, you find that the Coast Guard number on the boat doesn’t match the Coast Guard number on the Abstract of Title. That could mean that the vessel may have been stolen from someone else. Perhaps the vessel’s owner told you the vessel was manufactured in 2010 and the Abstract tells you it was actually made in 2003. This is just some of the information that you would want to know before purchasing it. 

All the Vessel Documentation You Might Need 

We don’t mean to imply that folks selling their vessels are deceitful, less than truthful, or anything of the sort. A strong, strong majority of boat sellers are looking to get an honest price for their vessel. That said, it’s’ important for vessel buyers to protect themselves. Once you’ve purchased the vessel of your dreams, you can find all of the documentation that you might need for your vessel right here at our site.