You should be familiar with the abstract of the title for your vessel if you are the vessel owner. An abstract of title is a record of all of the transactions that have occurred about a specific vessel during its history.
It contains information on the history of ownership of the vessel and details about any mortgages or other security interests taken out against the vessel. An abstract of title will be necessary for you if you are considering selling your boat or if you are required to provide evidence of ownership to initiate legal action.
Even though most vessel owners are knowledgeable about the title and registration of their vessel, they may not be aware of all the information included in an abstract of the title. Here are some aspects regarding your boat’s abstract of title that you may not be aware of.
Read more about abstract of title at Vessel Documentation Online.