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Old 01-17-2015, 10:53 AM   #2
Pirogue
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City: FL
Join Date: Jan 2015
Posts: 9
You might wish to visit the uscg.mil website - the National Vessel Documentation Center section has a FAQ. Noticed this below...

WHAT HAPPENS WHEN I SELL MY DOCUMENTED VESSEL?
When the sale is finalized you may complete a U.S. Coast Guard Bill of Sale (CG-1340) or complete the “Sale or Transfer of Vessel” section on the reverse of the Certificate of Documentation (CG-1270). Documentation forms, fee schedules, and instructions are available for downloading on this web site. If there is an outstanding mortgage, the mortgagee ( lender) should complete a Satisfaction of Mortgage. The vessel cannot be removed from documentation with an outstanding mortgage.
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