Victor I Koock News

Study: Title Issues Abound in Maritime Deals

ownership records contain potential title issues. the U.S. Coast Guard’s National Vessel Documentation Center (NVDC) registry. title ownership from the time it’s built, or first placed under U.S. documentation. transfers, some claims-of-lien notices and mortgages. registry and unsatisfied claims. at one time. Coast Guard’s ownership records. had liens filed that were unsatisfied. fire,” said Victor I. Title Insurance Company. said Paul B. Erickson of the law firm Alley, Maass, Rogers and Lindsay. vessel until after purchasing it. to delayed filings of documents. at least 30 days after the date of execution. mortgages. lenders involved in these transactions,” said John N. Company. vessel ownership and the seller’s ability to transfer the title.