USCG Abstract Summary Form
USCG vessel abstract of title summary form with example and instructions.
The USCG Vessel Abstract of Title Summary form is designed to capture a portrayal of the most current and outstanding recordings on a USCG abstract of title. This includes such things as transfers of ownership, mortgages, lien claims, and related instruments.
Usage Context
Abstracts of title can be difficult to interpret, evaluate and follow, especially on older vessels with lots of recordings. The summary form makes is easier by listing only those recordings that are still open and relevant to the current documentation status. An alternative would be to order a Certificate Of Ownership from the National Vessel Documentation Center, which serves the same purpose as the summary form. Although considerably more expensive than a regular abstract of title, it precipitates a review of all entries by a documentation officer along with an official certification.
Form Example
An example of the USCG Abstract Summary form is available in Adobe PDF format from the Referrals for this page. It can be easily converted into your favorite word processing application for modification and editing purposes. If your system does not already have this capability, there are a number of free or subscription internet services available that can provide such an accommodation.
Instructions
Abstract Header Information - Copy the vessel identification numbers and other particulars from the abstract
header into the upper portion of the summary.
Owner Information
- Show the last owner of record from the abstract of title.
Recordings - Transfer any data from any outstanding recordings that
have not been offset by a release, satisfaction, or cancellation.
Notations - Make notations in the comments section of any
outstanding recordings that have been
assigned, amended, subordinated, or otherwise changed.
Conclusion
If there is difficulty in interpreting the underlying abstract of title, you can order a Certificate of Ownership from the National Vessel Documentation Center. This serves the same purpose as the summary form and is USCG certified. However, it is considerably more expensive than the abstract itself. Another option would be to engage the services of a professional vessel documentation company.
References and Referrals
Comments - Suggestions - Corrections