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Old 06-24-2011, 01:45 PM
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Default Selling Documented Vessel

I might be selling my boat. It's documented. I believe the seller will need to transfer the Coast Guard documentation. What is the safest method of payment?

Thanks

Bill
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Old 06-24-2011, 01:50 PM
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Originally Posted by saltwaters View Post
I might be selling my boat. It's documented. I believe the seller will need to transfer the Coast Guard documentation. What is the safest method of payment?

Thanks

Bill
Cash from his pocket to yours

As a Seller you just need to make sure the wire is in and clear before signing anything over to the Buyer..... As a Buyer - they may want a title company to handle the transaction... All depends on you guys...

I have only purchased 2 documents vessels - and had an escrow/title company handle the details... I am sure others will say thats a waste of money - I probably agree...

Good Luck
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Old 06-24-2011, 01:51 PM
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Payment has nothing to do with documentation.

US Coast Guard web site / Vessel documentation. You can call them directly, very helpful staff.

You can use Vessel documentation services that will do all the paperwork.
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Old 06-24-2011, 01:58 PM
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Originally Posted by saltwaters View Post
I might be selling my boat. ........What is the safest method of payment?
Cash.

Second, a wire transfer from the buyer's bank to your bank.

You might want to just go down to your bank in person and ask the manager for the safest method.
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Old 06-24-2011, 02:25 PM
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wire and documentation services.

I have used Sharon Chadwick 954-462-8971, it just make life a lot easer.
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Old 06-24-2011, 03:50 PM
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There is a form that you have to fill out with the buyer and then mailed to the coast guard office for the transfer of the vessel documentation. It's not a big deal .the instruction I believe are on your documents you have, if not contact Coast Gaurd office.
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Old 06-24-2011, 04:13 PM
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Default documentation

Just transferred mine, no problem. Just fill out the form and send it in. Its free as well.
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Old 06-24-2011, 05:18 PM
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Originally Posted by Mr. Mom View Post
Just transferred mine, no problem. Just fill out the form and send it in. Its free as well.
You might get it back.

Transfer of a recreational vessel is $84.

http://www.uscg.mil/hq/cg5/nvdc/nvdcfee.asp
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