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 Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties is a legal document that serves as evidence of the transfer of ownership of an aircraft engine in Maryland. This document outlines the terms and conditions of the sale, including the purchase price, seller's and buyer's information, and specific details about the engine being sold. It also includes a disclaimer of warranties, which is a statement that disclaims any implied warranties on the part of the seller. There are different types of Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties that can be used depending on the circumstances. Some of these variants may include: 1. General Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties: This is the standard bill of sale form used for the transfer of ownership of any aircraft engine in Maryland. It provides a comprehensive framework for documenting the sale and disclaiming warranties. 2. Commercial Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties: This type of bill of sale is specifically designed for commercial transactions involving aircraft engines. It may include additional clauses regarding the engine's condition, maintenance records, and any warranties offered by the seller. 3. Private Sale Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties: This form is used when the aircraft engine is being sold privately, such as between individuals or non-commercial entities. It may have fewer clauses compared to a commercial bill of sale but still includes a disclaimer of warranties to protect both the buyer and the seller. 4. As-Is Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties: This variant emphasizes that the engine is being sold "as-is" without any warranties or guarantees of its condition. It puts the onus on the buyer to inspect and assess the engine's condition before completing the sale. In conclusion, the Maryland Bill of Sale for Aircraft Engine and Disclaimer of Warranties is an essential legal document for transferring ownership of an aircraft engine in Maryland. There are different types available to cater to specific circumstances, such as commercial or private sales, and whether the engine is being sold with or without any warranties. It is crucial for both the buyer and seller to carefully review and understand the terms outlined in the bill of sale before entering into the transaction.
