Abstract of Title

How Do I Get an Abstract of Title and How Can It Help?

Do you have your eye on a vessel but aren’t sure if it’s the right one for you? Have you been talking to a vessel’s owner, like what you’re hearing, but just want a source you can trust so that you can feel good about closing the deal? This is something that vessel owners have been concerned about since the beginning of maritime travel. The good news is that there’s a form you can get through our site which can provide a real solution: the Abstract of Title. 

 

What the Abstract of Title Contains

This form contains, essentially, the entire history of a documented vessel. Indeed, it might be easier just to say what this form does not contain. It includes the entire chain of ownership, who owned the vessel as well as when they owned it. It lets you know, definitively, how old a vessel is. Moreover, you’ll be told if there were mortgages and liens against the vessel, as well as their status. So, you’ll be made aware of whether or not these were paid off/satisfied. 

 

A Potential Scenario Where it Helps

This can help you to know the truth before you spend your money on a vessel. To return to the beginning of this blog, imagine that you’re talking to a vessel owner who wants to sell you a vessel. Everything sounds great: the vessel is three years old, he’s the sole owner, it’s paid off, everything is great. But, a voice in the back of your mind tells you to file for this form. You do, and you discover that the vessel is actually seven years old, he’s’ the third owner, and there’s an outstanding lien on it. Wouldn’t you rather know before you buy? Obviously, this is an exaggeration. But, alas, this kind of thing can happen. This form can help you be prepared and educated. 

 

How to Find Information About a Vessel in Another Country

Do you want to know more about a vessel that’s in the United Kingdom, the British Virgin Islands, the Cayman Islands, Canada, the Bahamas, and elsewhere? Should that be the case, we have a form for that, as well. The “Foreign Vessel Title Search Request/Transcript of Registry” form will give you all of the information you need to know about a vessel so that you can make the best purchase for your needs. 

Abstract of Title

After You Purchase the Vessel of Your Dreams

In a strong majority of cases, this form just lets a vessel owner know a little bit more about a vessel. We hope that, if you do get this form, it leads you to the vessel that you’ve always wanted. If that’s the case, we have all of the other forms you might need once you buy the vessel. For example, you can find the initial vessel documentation here, as well as the registration renewal, the form to file for a Preferred Ship’s Mortgage, and so much else. Questions? Call (866) 981-8783. 

 

To find out everything you need to know about a vessel, you can file an Abstract of Title with us. For more: (866) 981-8783.