Proof of ownership and registration
The seller should be able to show who owns the vessel and how it is registered or documented with its flag state. For a company-owned yacht, buyers will want evidence of the company’s authority to sell. The hull identification number and engine serial numbers should match the paperwork.
Liens, loans and encumbrances
Buyers need assurance that the vessel is free of liens, mortgages or claims, or that they will be released at closing. Lien searches and release documents are commonly handled by a closing agent or maritime attorney.
Mexican import or temporary-import status
For a vessel in Mexico, its import or temporary-import status matters to both parties. Whether a permit can transfer, must be cancelled or needs replacing depends on the circumstances. A licensed Mexican customs broker should confirm what applies.
Purchase agreement and conditions
A written agreement normally sets out the price, deposit, conditions (survey, sea trial, financing), what is included, the closing date and what happens if a condition is not met. Read it carefully and have it reviewed by your own advisor.
Closing documents
At closing, the parties typically exchange a bill of sale or equivalent transfer document, lien releases, deregistration or registration paperwork as required by the flag state, and the vessel’s manuals, records and keys. Using a neutral closing agent to hold funds and documents helps both sides.
A seller’s document checklist
- Registration / documentation certificate
- Proof of ownership (and company authority, if applicable)
- Loan payoff details or lien information
- Import or temporary-import paperwork, if the vessel is in Mexico
- Maintenance records, manuals and warranties
- Inventory of included equipment
This guide is general information, not legal, tax, customs, financial or survey advice. Requirements depend on your circumstances and change over time — consult qualified independent professionals before making decisions.
