Follow the steps to accurately complete the CG-1340 form online.

1. Use the ‘Get Form’ button to access the CG-1340 online and display it in your digital workspace.
2. Enter the name of the vessel in the designated field, ensuring accuracy for proper documentation.
3. Provide the official number or hull identification number of the vessel, if applicable.
4. List the names and addresses of the sellers in the corresponding section. Indicate the total interest owned by each seller, if it is less than 100%.
5. In the next section, enter the names and addresses of the buyers along with the specific interest being transferred to each buyer. If no division is specified, all buyers will hold equal interest.
6. Indicate the manner of ownership for the buyers by selecting one of the options provided, if applicable.
7. Provide the amount of consideration received for the vessel, which typically reflects the price paid in the sale.
8. Confirm the sale statement by stating that the seller sells the vessel free of all liens and encumbrances, as appropriate.
9. Fill in the names of individuals signing the bill of sale, along with their legal capacities, such as owner or agent.
10. Indicate the date on which the bill of sale is signed.
11. Collect signatures from all sellers or authorized representatives on the designated lines.
12. Complete the acknowledgment section by having a notary public or authorized official verify the signatures where required.
13. If the vessel data section is necessary, complete it for vessels that have never been documented, including builder details.
14. Once all fields are accurately filled, save your changes, then download, print, or share the completed form as needed.

Start filling out the USCG CG-1340 online today to ensure a smooth transaction process for your vessel's sale.