The easiest way to ensure you have all the information you need about your boat is to get an abstract of title from the United States Coast Guard. This document contains a comprehensive history of your vessel, including any liens or other information that may have an impact on its own, as well as other…
What is an Abstract of Title, and What Does it Pertain To?
An abstract of title is a legal document that provides a concise account of the succession of owners for a specific parcel of land or property. This document can potentially be of great assistance to owners of vessels since it can offer specific information on any encumbrances (such as liens or mortgages) that may exist…
Information You Can Find on an Abstract of Title
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 Do You Need an Abstract of Title?
Have you ever wondered what an abstract of title is? If you own a USCG vessel, perhaps you should. There are various situations in which you may need to get one. An abstract of title, for instance, will be needed if you want to make sure a secondhand boat you are purchasing is clear of…
Common Mistakes in Reading a Vessel’s Abstract of Title
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…
Abstract Of Title for A Vessel for New Boat Owners
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.…