Do you have your eye on purchasing a certain vessel, but just aren’t sure if it’s right for you? Does everything look good “on paper” when it comes to the vessel, yet you still want to know more before you close the deal? When it comes to your money and a potential vessel purchase, being careful is the best course to chart. The last thing anyone wants is a “lemon,” so to speak, on the water. However, with the Abstract of Title at our site, you can perform a USCG vessel documentation number search and find out what you need to know.
An Abstract of Title Provides Pertinent Information
When you look up a vessel online, it can be difficult to implicitly trust any source. You don’t know who placed the information there, what their agenda might be, and so forth. However, with the Abstract of Title, you can rest assured that this is information from the United States Coast Guard, and can be trusted completely. Moreover, this information will include the entire ownership chain of the vessel, where and when it was manufactured, if there were any liens and mortgages on it, and more. More importantly: you’ll know if there are any liens and mortgages on it right now.
What This USCG Vessel Documentation Number Search Can Prevent
Basically, it can prevent you from overpaying for someone else’s deceit or neglect. If the vessel’s current owner tells you: “the vessel is only a couple years old, it’s all paid off, it’s a great deal,” you’re probably going to want to believe them. But, if the Abstract of Title tells you that the vessel is actually five years old, there were several owners, and there’s an outstanding lien on the vessel right this moment, then you have to reevaluate exactly where this vessel fits in your life. With an Abstract of Title, you can be better informed.
Vessel Overseas? Not a Problem
As you may know, the Abstract of Title is for documented vessels in America. However, you can find out just about all of this information about vessels that are outside of America through another form at our site. With the “Foreign Vessel Title Search Request / Transcript of Registry” form, you can learn pertinent information about vessels in the Bahamas, Canada, the UK, the US Virgin Islands, and elsewhere.
After You’ve Purchased the Vessel of Your Dreams
Most vessel owners find that, when they see the Abstract of Title, that it matches up with what the current owner tells them about the vessel. In that case, the vessel could be a great purchase for you – exactly what you were looking for. Then, you can get all of the documentation you need through our site. Here, you can find the forms for the initial documentation, how to renew it, how to get started with a Preferred Ship’s Mortgage, and so much more. To see all that we offer, click here or call (800) 535-8570.