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.
Puerto Rico Bill of Sale for Aircraft Engine and Disclaimer of Warranties Introduction: The Puerto Rico Bill of Sale for Aircraft Engine is a legal document used to transfer ownership of an aircraft engine in Puerto Rico. It serves as a proof of the transaction between the seller and the buyer and contains important details about the engine, parties involved, and the terms of the sale. Additionally, the document includes a Disclaimer of Warranties sections, which explicitly states any warranties or guarantees that have been disclaimed regarding the engine's condition or performance. This comprehensive legal agreement ensures a smooth and transparent transfer of ownership and protects the interests of both parties involved. Different Types of Puerto Rico Bill of Sale for Aircraft Engine and Disclaimer of Warranties: 1. Standard Bill of Sale for Aircraft Engine: This type of bill of sale is used for the straightforward sale of an aircraft engine in Puerto Rico. It includes sections to mention the engine's make, model, serial number, and condition. The document also outlines the purchase price, payment terms, and any other specific terms agreed upon by the buyer and seller. The Disclaimer of Warranties sections clearly specifies that the engine is sold "as is" without any warranties or guarantees, ensuring that the buyer acknowledges and accepts the engine's condition at the time of sale. 2. Puerto Rico Bill of Sale for Used Aircraft Engine: Specifically designed for the sale of a used aircraft engine in Puerto Rico, this document includes additional sections to disclose the engine's maintenance history, total hours of operation, and any repairs or modifications performed. These details provide transparency to the buyer regarding the engine's past usage and address any concerns they may have. The Disclaimer of Warranties sections remains an essential part of this bill of sale, emphasizing that the buyer is purchasing the used engine without any warranties or guarantees. 3. Bill of Sale for Aircraft Engine with Limited Warranty: Unlike the standard bill of sale, this document includes a limited warranty provided by the seller to the buyer. The Limited Warranty section specifies any specific warranties the seller is willing to provide, such as a warranty covering the engine's performance for a defined period or a warranty against certain defects. While this type of bill of sale provides an added level of assurance to the buyer, it is essential to note that the warranty terms and coverage should be clearly outlined within the document. Any disclaimed warranties beyond the limited warranty should also be specifically mentioned in the Disclaimer of Warranties sections. Conclusion: The Puerto Rico Bill of Sale for Aircraft Engine and Disclaimer of Warranties is an essential legal document that facilitates the transfer of ownership of an aircraft engine in Puerto Rico. It ensures that all parties involved are aware of the engine's condition, associated terms, and any disclaimed warranties or guarantees. Whether it is a standard bill of sale, a document for used engines, or one with a limited warranty, the specific type of bill of sale chosen should align with the buyer's requirements and the unique circumstances of the engine sale.
