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.
Pennsylvania Bill of Sale for Aircraft Engine and Documentation is a legal document used in the state of Pennsylvania to establish the transfer of ownership for an aircraft engine and its accompanying documentation. This bill of sale is essential for both buyers and sellers as it serves as proof of the transaction and the transfer of ownership rights. The Pennsylvania Bill of Sale for Aircraft Engine and Documentation contains several key elements to ensure its validity and accuracy. These include: 1. Identification of Parties: The bill of sale includes the complete identification of the parties involved in the transaction, such as the buyer and seller. This includes their full legal names, addresses, contact information, and signatures. 2. Description of Aircraft Engine: Detailed information about the aircraft engine being sold is provided in the bill of sale. This includes the make, model, serial number, year of manufacture, and any other relevant details that accurately identify the engine. 3. Sale Consideration: The bill of sale includes the agreed-upon purchase price or consideration for the aircraft engine. This figure should be clearly stated in both numerical and written form to avoid any confusion. 4. Transfer of Ownership: The bill of sale outlines the transfer of ownership rights from the seller to the buyer. It confirms that the seller has full legal ownership of the aircraft engine and has the right to transfer it to the buyer. The document should state that the seller is transferring all rights, title, and interest in the engine to the buyer. 5. Documentation Transfer: In addition to the aircraft engine, the bill of sale ensures the transfer of all accompanying documentation related to the engine, such as logbooks, maintenance records, service history, and any warranties or guarantees. Clear language should be used to outline that the documentation is part of the sale and will be handed over to the buyer. Different types of Pennsylvania Bill of Sale for Aircraft Engine and Documentation may exist based on specific circumstances or parties involved. These may include: 1. Private Sale Bill of Sale: This type of bill of sale is used when the transaction occurs between two private individuals or entities. It typically involves the outright purchase of an aircraft engine from one party to another without any involvement from dealerships or brokers. 2. Dealership Bill of Sale: When an aircraft engine is purchased through a dealership, a specialized bill of sale may be used. This document will include additional information such as the dealership's identification, license number, and any warranties or guarantees provided by the dealership. 3. Brokerage Agreement Bill of Sale: In cases where a broker is involved in the sale of an aircraft engine, a brokerage agreement bill of sale may be used. This document outlines the terms and conditions agreed upon between the seller, buyer, and broker, including any commissions or fees that the broker is entitled to upon successful completion of the sale. It is important to note that the Pennsylvania Bill of Sale for Aircraft Engine and Documentation should be notarized for it to be considered legally binding. It is advisable to consult with an attorney or aviation professional to ensure all necessary details are accurately documented to protect the interests of both the buyer and seller.
