Buying and Selling a Vessel
The procedure for transferring ownership of a vessel is outlined here. The steps are essentially the same whether the “seller” is a marine dealer or the “buyer” is an individual purchasing a pre-owned vessel from an individual “seller.”
If a registered vessel is sold or otherwise transferred to another person:
- The “buyer” must apply for the Certificate of Number to be transferred to his or her name within 10 days from the date of purchase.
- The "seller" is required to report the transaction to the MDWFP.