U.S. Coast Guard Bill of Sale by Government Entity
This file is a Bill of Sale by the U.S. Coast Guard for vessels sold pursuant to court order or administrative decree of forfeiture. It includes details about the vessel, buyer, and seller, as well as instructions for completion and acknowledgment. The document is required for transferring ownership of vessels seized by the government.
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How do I fill this out?
Begin by gathering all relevant information about the vessel, buyer, and seller. Then, carefully follow the instructions provided on the form to ensure all required fields are completed accurately. Finally, have the form notarized and attach any necessary supporting documents.
How to fill out the U.S. Coast Guard Bill of Sale by Government Entity?
1
Indicate the current documented name of the vessel.
2
Provide the official number or hull identification number of the vessel.
3
Insert the name and address of all persons executing the instrument and their capacity.
4
List the legal names and addresses of the buyers and specify the interest transferred.
5
Complete the acknowledgment section before a notary public.
Who needs the U.S. Coast Guard Bill of Sale by Government Entity?
1
Vessel owners who have had their vessels seized by the government.
2
Buyers who are purchasing vessels sold pursuant to a court order.
3
Government agencies involved in the sale of forfeited vessels.
4
Legal professionals assisting clients with the transfer of vessel ownership.
5
Notaries public who verify the execution of the Bill of Sale.
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What are the instructions for submitting this form?
To submit this form, mail it to U.S. Coast Guard, National Vessel Documentation Center, 792 TJ Jackson Drive, Falling Waters, West Virginia 25419. Ensure the form is notarized and include any necessary supporting documents. You may also fax it to the number provided by the National Vessel Documentation Center or use their online submission form found on their official website. My advice: double-check all information for accuracy before submission to prevent delays.
What are the important dates for this form in 2024 and 2025?
The current OMB control number expires on 04/30/2023. New expiration dates may be announced post-2023.
What is the purpose of this form?
The U.S. Coast Guard Bill of Sale is a critical document for transferring ownership of vessels seized by the government. This form ensures a legal and transparent transaction process, compliant with court orders or administrative decrees. Completing this document accurately is essential for both seller and buyer to establish clear ownership and avoid potential legal issues.
Tell me about this form and its components and fields line-by-line.
- 1. VESSEL NAME: Indicate the current documented name of the vessel.
- 2. OFFICIAL NUMBER OR OTHER UNIQUE IDENTIFIER: Provide the official number or hull identification number assigned by the manufacturer.
- 3. PERSON EXECUTING INSTRUMENT: Insert the name and address of all persons executing the instrument and their capacity.
- 4. COURT OR FORFEITURE INFORMATION: Provide details of the court order or administrative forfeiture, including the name of the court and title of the order.
- 5. NAME(S) AND ADDRESS(ES) OF BUYER(S): List the legal names and addresses of the buyers.
- 6. TOTAL INTEREST TRANSFERRED: Specify the total interest transferred to the buyers named above.
- 7. MANNER OF OWNERSHIP: Check the manner of ownership, such as tenancy in common, joint tenancy, etc.
- 8. CONSIDERATION RECEIVED: Indicate the consideration received for the sale of the vessel.
- 9. SIGNATURE OF PERSON EXECUTING INSTRUMENT: The person executing the instrument must sign here.
- 10. DATE SIGNED: Provide the date when the instrument was signed.
- 11. ACKNOWLEDGMENT: This section must be completed by a notary public or other authorized person.
What happens if I fail to submit this form?
Failing to submit this form can result in legal complications and an invalid transfer of ownership. It is essential to complete and submit the form to avoid potential issues.
- Legal Complications: Failure to submit the form may lead to legal disputes over vessel ownership.
- Invalid Transfer: The transfer of ownership will be deemed invalid if the form is not submitted.
How do I know when to use this form?
- 1. Court-Ordered Sale: Use the form when a vessel is sold pursuant to a court order.
- 2. Administrative Forfeiture: Use the form when a vessel is sold pursuant to an administrative decree of forfeiture.
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What information do I need to fill out the Bill of Sale?
You will need details about the vessel, buyer, and seller, as well as any supporting documents required for the transfer of ownership.
Do I need to have the Bill of Sale notarized?
Yes, the acknowledgment section must be completed by a notary public or other person authorized to take acknowledgments.
Can I edit the Bill of Sale after it has been notarized?
No, the document will be ineligible for filing and recording if altered after execution and acknowledgment.
How long does it take to complete the Bill of Sale?
The Coast Guard estimates that it takes an average of 20 minutes to complete the form.
Where can I submit comments about the Bill of Sale form?
You can submit comments to the U.S. Coast Guard National Vessel Documentation Center or the Office of Management and Budget.
Do I need to attach any supporting documents to the Bill of Sale?
Yes, you may need to attach a copy of the court order or decree of administrative forfeiture, as well as any other relevant documents.
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