Follow the steps to fill out the form correctly and efficiently.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Input the vessel name in the designated field to identify the specific vessel being sold.
3. Enter either the official number or hull identification number in the corresponding field for accurate documentation.
4. List all sellers along with their addresses in Section 3, and specify the total interest owned if less than 100% in Section 3A.
5. In Section 4, provide the names and addresses of buyers, ensuring to indicate the interest transferred to each buyer in Section 4A.
6. Specify the manner of ownership in Section 4B by checking one of the provided options; this defines how the ownership is structured.
7. Indicate the consideration received for the sale in Section 5, typically stating one dollar and other valuable considerations.
8. Sign the document in Section 7 to finalize the sale agreement, ensuring all required signatories are included.
9. Record the date signed in Section 8 to document when the agreement was made.
10. Fill in the names of those signing in Section 9, and clarify their legal capacity (e.g., owner, agent) to validate their authority.
11. Complete Section 10, acknowledging the signatures before a notary public or an authorized official.
12. If applicable, provide vessel data in the second section only if the vessel has never been documented or lacks a hull identification number.
13. Review all entries for accuracy and completeness before saving the changes, downloading, printing, or sharing the completed form.

Complete your USCG CG-1340 bill of sale online and ensure a smooth transfer of vessel ownership today.