Under the Federal Aviation Act of 1958, any conveyance that affects the title to, or any interest in, any civil aircraft of the United States must be acknowledged and recorded with the Administrator of the Federal Aviation Administration in the manner prescribed by statute. After such an instrument is recorded, it is valid as to all persons without recording and regardless of notice.
Documents relating to interests in aircraft are filed with the FAA Registry in Oklahoma City, Oklahoma. Documents must be signed in ink by the appropriate party (e.g. seller, grantor, lien claimant, etc.) or by someone on behalf of the appropriate party with a title acceptable to the FAA (President, Chief Manager etc.). The FAA Registry Examination Guidelines contain a list of titles that are acceptable to the FAA.
The Guam Bill of Sale for Aircraft Engine and Documentation is a legal document used to transfer ownership of an aircraft engine, along with all necessary documentation, in the jurisdiction of Guam. This bill of sale serves as proof that a transaction has taken place between a seller and a buyer, ensuring that all parties involved have a clear understanding of the transfer of ownership. The bill of sale includes information about the aircraft engine, such as its make, model, serial number, and any identifying features. Additionally, it outlines the terms and conditions of the sale, including the purchase price, payment method, and any warranties or guarantees. In Guam, there may be different types of bills of sale for aircraft engines and documentation, depending on the specific circumstances of the sale. These types may include: 1. General Guam Bill of Sale for Aircraft Engine and Documentation: This is the most common type of bill of sale used in Guam for the transfer of ownership of an aircraft engine. It includes all the necessary information and terms related to the sale. 2. Conditional Guam Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale is used when the transfer of ownership is subject to certain conditions or contingencies. For example, it may specify that the sale is only valid upon the completion of necessary inspections or repairs on the aircraft engine. 3. As-Is Guam Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale indicates that the buyer accepts the aircraft engine in its current condition, without any warranties or guarantees from the seller. It is crucial for buyers to thoroughly inspect and evaluate the engine before accepting an "as-is" sale. 4. Warranty Guam Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale includes specific warranties and guarantees provided by the seller to the buyer regarding the condition and functionality of the aircraft engine. These warranties may range from a limited time frame to certain specific components. Regardless of the type, a Guam Bill of Sale for Aircraft Engine and Documentation is a crucial legal document that protects the rights of all parties involved in the transfer of ownership. It provides a clear record of the transaction and helps ensure the smooth transfer of ownership from the seller to the buyer.
