Sellers Information

Although, the assistance of a title company to facilitate a vessel purchase is often thought to benefit the buyer or lender, many sellers initiate the contact and require a title company involvement. They look to the maritime title company to ensure the proper transfer of interest, to clear any existing liens and to act in a fiduciary capacity to hold transfer items pending disbursement of cleared proceeds.
A seller may have to meet state and federal obligations upon the transfer of ownership of a vessel. Pacific Maritime Title knows these requirements and assists the seller in fulfilling them. In addition, title problems often arise or become known to the seller at the time of the sale of a vessel. Our staff of professionals has dealt with hundreds of situations of this kind and can guide a seller through an unwelcome surprise at this most inconvenient time.

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