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.
Kentucky Bill of Sale for Aircraft Engine and Documentation: A Comprehensive Guide Introduction: In the state of Kentucky, a bill of sale is a crucial document used to legally transfer ownership of an aircraft engine and its accompanying documentation between a buyer and a seller. This article provides a detailed description of the Kentucky Bill of Sale for Aircraft Engine and Documentation, highlighting its purpose, key components, and possible variations. Purpose of the Kentucky Bill of Sale for Aircraft Engine and Documentation: The primary objective of the Kentucky Bill of Sale for Aircraft Engine and Documentation is to establish a legally binding agreement between the seller and the buyer for the transfer of ownership of an aircraft engine. Additionally, it also ensures the transfer of supporting documentation, including logbooks, maintenance records, and other essential paperwork that may be required for the engine's operation. Key Components of the Kentucky Bill of Sale for Aircraft Engine and Documentation: 1. Identification of the Parties: The bill of sale should clearly identify the seller (current owner) and the buyer (intended owner) involved in the transaction. Their full legal names, addresses, and contact information should be included. 2. Aircraft Engine Details: The document should provide a comprehensive description of the aircraft engine being sold, including its make, model, serial number, and any other relevant identifying information. 3. Supporting Documentation: Besides the engine itself, the bill of sale should address the transfer of associated documentation. This may include logbooks, maintenance records, airworthiness certificates, warranty information, and any additional paperwork required by aviation authorities. 4. Sale Consideration: The bill of sale should outline the agreed-upon purchase price for the engine and any ancillary components, as well as the terms of payment (e.g., lump sum, installment, or any other mutually agreed arrangement). 5. Title and Ownership Transfer: A crucial aspect of the bill of sale is the explicit transfer of ownership from the seller to the buyer. Both parties must confirm their consent to the transfer, with the document ensuring that the buyer becomes the legal owner of the engine and its accompanying documentation. Types of Kentucky Bill of Sale for Aircraft Engine and Documentation: While there may not be specific variations of the Kentucky Bill of Sale for Aircraft Engine and Documentation, it is essential to understand that the structure and language of the document may vary depending on individual circumstances. For instance, if the engine is being sold as part of a larger aircraft, the bill of sale might need additional provisions to cover the transfer of ownership of the entire aircraft. Therefore, it is important to tailor the bill of sale to suit the unique requirements of each transaction. Conclusion: The Kentucky Bill of Sale for Aircraft Engine and Documentation serves as a critical legal instrument facilitating the transfer of ownership and supporting documentation for an aircraft engine. By incorporating all pertinent details, this document ensures a smooth and transparent transaction between the seller and the buyer. Understanding the purpose, key components, and possible variations of the bill of sale is imperative for those engaging in aircraft engine sales within the state of Kentucky.
