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 New York Bill of Sale for Aircraft Engine and Disclaimer of Warranties serves as a legally binding document that outlines the transfer of ownership of an aircraft engine within the state of New York. This document acts as proof of the transaction and protects the interests of both the buyer and the seller. The New York Bill of Sale for Aircraft Engine and Disclaimer of Warranties includes various details that are essential for a smooth transfer of ownership. These details may include the name and address of the buyer and seller, the date of the sale, a detailed description of the aircraft engine, the engine's serial number, and the purchase price. This document could also include specific disclaimers of warranties, which clarify that the seller does not provide any guarantees or warranties regarding the condition, functionality, or suitability of the aircraft engine. These disclaimers aim to protect the seller from any legal liabilities that may arise after the sale. There may be different types of New York Bill of Sale for Aircraft Engine and Disclaimer of Warranties, depending on the specific situation or parties involved. Common variations could include a "Conditional Bill of Sale," which states that the ownership of the engine is contingent on certain conditions being met, or a "Bill of Sale with Warranty," which provides specific warranties from the seller regarding the engine's condition or functionality. It is crucial for both the buyer and the seller to thoroughly review and understand the terms stated in the New York Bill of Sale for Aircraft Engine and Disclaimer of Warranties before signing it. Consulting with legal professionals or aviation experts may be advisable to ensure all legal aspects are properly addressed and to minimize potential risks or disputes in the future.
