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Us Coast Guard Bill Of Sale: What You Should Know
NOTE: If you are selling an item for any amount, please include in your bill of sale an itemized list of your items, the price or value of each item, and how to pay your invoice. (2) for the purpose of disposal. It's very important that you keep the proper receipt so any taxes, fees, or other charges don't show up as “lost” on your bill of sale. CG-1340: Vessel Bill of Sale-Submit one original and one copy of the Bill of Sale, signed by or on behalf of all persons, transferring an interest in the vessel; Note: There is no need to put the vessel name or vessel number.  If you are selling an item for any amount, please include in your bill of sale an itemized list of your items, the price or value of each item, and how to pay your invoice. As a service to the government and its constituents, we would also like to inform you that your vessel is no longer seized and therefore, it is in the custody of the U.S. Government.  In these circumstances the vessel will be sold within 15 days of the sale date for the best price to be obtained. If the US Coast Guard determines that you have paid the vessel's owner or vessel registrant at least ten and one half times the boat's value, you are to pay an additional 5,000 and give notice to the owner or vessel registrant of the sale. The US Coast Guard will also return the vessel if you do not honor the payment terms outlined in a later section. (d) The vessel will be sold at public auction, unless you are a government entity, in which case the sale will be made privately. As you can see we're not making any offers, we're merely providing a free form to you to fill out and submit. No questions asked. There are a few things you may do if you have questions concerning the CG-1340 Bill of Sale forms. In the case of a government entity, call their “Bureau of Ocean Energy Management”, or the US Coast Guard. There are many other places you can download the form, you'll just have to do some research. There are certain types of documents you must include on your bill of sale that are not on this page.
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