In many cases, owners of US Coast Guard Documented vessels must transfer, in part or in whole, ownership of their vessel to their children. This includes these situations, but is not limited to:
- Death
- Incapacitation
- Inheritance
- Right of Survivorship
If you would like to transfer partial ownership, simply fill out the CG-1340 Bill of Sale and indicated total percentage of interest transferred in Block 4A. Link to CG-1340 Bill of Sale: https://unitedstatesvessel.us/CG-1340_Bill_of_Sale.pdf
The vessel ownership transfer process can be executed by completing the Online form for Vessel Transfer of Ownership Form CG-1258 and submitting the necessary fees, found at this link: https://unitedstatesvessel.us/transfer-exchange/
DOCUMENTS REQUIRED FOR TRANSFER:
- Signed and Notarized CG-1340 Bill of Sale: https://unitedstatesvessel.us/CG-1340_Bill_of_Sale.pdf
- Death Certificate (if applicable)
- Documents establishing Right of Survivorship (if applicable)
- Documents establishing inheritance
According to the Code of Federal Regulations Title 46, Part 67:
§ 67.79 Passage of title without court action following death of owner.(a) When title to a vessel formerly owned in whole or in part by an individual now deceased passes without court action, an applicant for documentation must present:(1) When title passes to a surviving joint tenant or tenants or to a tenant by the entirety, a copy of the death certificate, certified by an appropriate State official; or(2) Where the laws of cognizant jurisdiction permit passage of title without court action, evidence of compliance with applicable State law.(b) Passage of title subsequent to devolutions such as those described in paragraph (a) of this section, must be established in accordance with the remainder of this subpart.