Preferred Ship Mortgage

Understanding the Preferred Ship Mortgage

So what is a preferred ship mortgage? It is a type of mortgage that protects you as the lender. Maritime liens other than preferred Maritime Liens do not prioritize First Preferred Ship’s Mortgages, which are lodged against vessels registered with the United States Coast Guard. A First Preferred Ship’s Mortgage is a mortgage recorded against…

What Is USCG Vessel Documentation? (And Other Common Questions)

USCG vessel documentation is a kind of national registration recognized around the world. As a function of government, it has been in existence since the 11th Act of the First Congress. Since 1920, the provision of preferred mortgages on recorded boats has helped to make vessel finance more accessible. The paperwork of a vessel provided…

USCG vessel Documentation

How Do I Process USCG Vessel Documentation In 2022?

USCG vessel documentation is a mandatory type of registration on a national level. Since the 11th Act of the First Congress, it’s been a part of the government. Verification provides exclusive proof of nationality, which facilitates international trade and allows boats to participate in limited trades like coastwise trade and fisheries. Preferred mortgages on recorded…

Boat Bill Of Sale

How to Write a Boat Bill of Sale in 6 Easy Steps

In legal terms, a boat bill of sale documents the transfer of boat ownership from one party to another. It’s similar to the receipt you’d receive from a shop, but it has far greater legal authority and implications. Autos, machines, appliances, and yachts are some of the most expensive items that people buy with them. …

Vessel Bill of Sale

How Can You Get a Boat Title with a Vessel Bill Of Sale

Documents like a Vessel Bill of Sale are legal documents that allow buyers and sellers to transfer ownership of boats and other vessels in written form. It is commonly used in the marine industry. When purchasing or selling a vessel, a Bill of Sale formalizes the transaction and makes it legally binding. In all maritime…

boat Abstract of Title

How to Get a Boat’s Abstract of Title Online (and Why You Might Want to)

Does it seem like it’s more challenging to get information about a boat than it should be? Do you ever find yourself filling out one vessel documentation form after another only to get frustrated and want to just not do it anymore? You aren’t alone. Before we started our site, we were just like you:…

certificate of documentation

Obtaining Your Certificate of Documentation Online

Every ship in the United States requires to carry proper documentation to operate legally. One of the most important documents of a vessel is the certificate of documentation. Comply with the authorities to be a responsible boat owner at all times. The certificate of documentation applies only for federal-level documented vessels under the United States…