"Short Wave Sportfishing" wrote in message
...


I hope you know I was just busting your chops.

As for the reduction gears on the GB ... I don't know. The original manual
is on the boat and not handy to look up.
But, I will, next time I get aboard.

Meanwhile, what a process is involved in selling a documented boat! I
received paperwork from a boat loan company in Annapolis that also handles
the transfer of the USCG documentation to the buyer. The paperwork included
a USCG Bill of Sale, identifying the sell price as "$10.00 and other
valuable consideration". There was also a Power of Attorney authorizing
them to execute the transfer. We were requested to sign, witnessed and
stamped by a notary, both documents, then express mail overnight them along
with the original of the current USCG documentation.

I read this, then called them and explained I had a bit of a problem with
it. In my mind, I just sold the Navigator for 10 bucks, gave up the
documentation (basically the title) and gave them legal authority to
transfer ownership.

The agent tried to explain that this was standard practice and that the
paperwork would be held in their safe until the actual financial settlement
was made. The purpose of the 10 buck price is because some people don't
want the actual sale value available as public knowledge.

Hmmmmmm, I thought. No way. I asked them to rewrite the Bill of Sale
identifying the actual sale price and to put in writing all the assurances
that she gave verbally regarding holding the papers until the financial
settlement was complete. I also suggested that I would also hold onto the
original USCG documentation until the checks were cut.

Well, it turns out I made a jerk of myself. The problem was the buyer's
broker who was supposed to have produced a settlement sheet, a Marine Bill
of Sale, and was responsible for the financial aspects of the deal. The
agency I was talking to was only dealing with the USCG documentation
transfer and had nothing to do with the boat sale. I didn't know that,
thanks to the tardiness of the buyer's broker.

So, now we are back on course and still expect to complete the transaction
on Friday.

Eisboch