Vessel ownership of 2025

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No, Coast Guard Documented vessels do not have titles, but they hold Certificates of Documentation in their stead.
Change owners in Google Drive On your computer, open Google Drive. Find the file you want to transfer then right-click. Click Share click Share . Next to the recipients name, click the Down arrow. Transfer ownership.
Registered owner: The entity that holds the legal title of ownership of a vessel as documented in its registration papers. This entity may be a Single Purpose Company, a subsidiary of a larger shipping group, or a bank.
Ownership of a documented vessel may be transferred quickly and easily at the Vessel Documentation Center. It is just necessary to produce a photocopy of the Certificate of Documentation in this case. It must include the owners signatures, and a copy of the document must be notarized.
Ultimate beneficial owner (UBO) is a legal term for the person that owns or controls a legal entity, such as a ship. This person is the one that ultimately profits from each transaction, even if they arent documented as the legal owner.
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United States Coast Guard Documented vessels must use form CG-1340 to complete a Bill of Sale in order to transfer ownership or to sell a percentage of the Documented Vessel, if they are not using the back page of the CG-1270 Certificate of Documentation.
The United States Coast Guard (USCG) provides the guidelines for transferring ownership of a documented vessel. Both current and prior owners must fill out a new registration card (also known as Transfer Form CG-1270). A bill of sale must be accompanied by documentation that you own the vessel you are selling.
You may search Coast Guard Documented Vessels by their names, Hull Identification Numbers or Official Numbers via the CGMIX Coast Guard Port State Information Exchange. The search will reveal the Vessel Information (Vessel Name, Official Number, Hull Identification Number, Flag, etc.)

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