selling documented boat

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Tom Monroe

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May 25, 2004
99
Catalina 27 Carlyle Lake
Sometime this summer, I'll be putting by beloved C27, Different Drummer, on the market. Don't feel sad for me ... I'm starting to clean up my affairs in the midwest so I can retire to Phoenix. From there, I will spend as much time sailing in the Sea of Cortez as I care to. :)

My boat is a coast guard documented vessel, so all I have are the documentation papers. No title. What is the process for selling a documented boat? What paperwork is required? (Note: I own her free and clear, no loan to clear.)

Thanks!
 
sailaway78

sailaway78

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May 11, 2005
3,431
Seidelman S37 Slidell, La.
IT's easy

You just go to a notary, both buyer and seller sign, get notarized, and your done. The sales tax is a different matter, and will depend on which state your it, but that is normally left up to the buyer anyway.
 
sailingdog

sailingdog

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Oct 22, 2008
3,502
- Telstar 28 Buzzards Bay
The USCG Documentation certificate is effectively the title. As NNE said, go to a notary, have both of you sign it, get it notarized, and you're done. Be cautious in getting the money first.... since fraud is very commonplace nowadays and even certified bank checks can be easily forged...
 
B

Benny

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Sep 27, 2008
1,149
Hunter 320 Tampa, FL
WHAT HAPPENS WHEN I SELL MY DOCUMENTED VESSEL?

Return the original Certificate of Documentation to the National Vessel Documentation Center along with a brief note that you sold the vessel. Your Certificate is nontransferable and should NOT be given to the new owner. When the sale is finalized it is suggested you complete a US Coast Guard Bill of Sale (CG-1340) that can be used by the new owner should he wish to document the vessel. Documentation requires that the new owner send in one signed original and one copy of the USCG Bill of Sale with an Application for Document (CG-1258) and fees. The buyer should also be able to use the bill of sale form as evidence of the transfer of ownership to obtain state registration and/or title if he chooses not to document the vessel with the US Coast Guard.
If you have an outstanding mortgage of record against your vessel, please make sure the mortgagee (the lender) completes a Satisfaction of Mortgage form and mails an original and one copy to the National Vessel Documentation Center. Your vessel cannot be removed from documentation with an outstanding mortgage.
 
Ron20324

Ron20324

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Jan 22, 2008
8,050
Beneteau 323 Annapolis MD
Go on line to the Coast Guard and get the proper information as to what to do. That should have been your first move anyway.
 
Roger Long

Roger Long

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Nov 22, 2008
3,562
Endeavour 32 Portland, Maine
Ron20324 said:
Go on line to the Coast Guard and get the proper information as to what to do. That should have been your first move anyway.
Click to expand
The vessel documentation center is the most responsive, helpful, and reasonable government agency I have ever dealt with. It's hard to believe they are part of the Coast Guard or the U.S. Government. The only thing I can figure is that they are enough of a backwater that no one in the government has noticed that they act like public servants who actually want to do their jobs right and help their constituents and fired them yet.
 
T

Tom Monroe

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May 25, 2004
99
Catalina 27 Carlyle Lake
Sometimes I feel pretty stupid. Check the coast guard website !! Duh !!!

Thanks everyone.

Tom
 
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