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 Ohio Bill of Sale for Aircraft Engine and Disclaimer of Warranties is an essential legal document that outlines the transfer of ownership of an aircraft engine in the state of Ohio. This document ensures that the buyer and seller have a clear understanding of the terms and conditions of the sale, while also emphasizing that the engine is sold "as-is" without any warranties or guarantees. The Ohio Bill of Sale for Aircraft Engine and Disclaimer of Warranties typically includes several key components such as: 1. Identification of Parties: It includes the names, addresses, and contact information of both the buyer and seller involved in the transaction. 2. Description of Aircraft Engine: The document provides a detailed description of the aircraft engine being sold, including relevant serial numbers, models, and any other identifying information. 3. Purchase Price and Payment Terms: The bill of sale clearly states the agreed-upon purchase price for the aircraft engine and outlines the payment terms, whether it is a lump sum payment or installment payments. 4. Transfer of Ownership: This section outlines the transfer of ownership process, ensuring that the seller transfers all rights and interests in the aircraft engine to the buyer upon completion of the sale. 5. Disclaimer of Warranties: This crucial element explicitly specifies that the aircraft engine is sold without any warranties or guarantees from the seller, including implied warranties of merchantability or fitness for a particular purpose. 6. Risk of Loss: It clarifies the point at which the risk of loss transfers from the seller to the buyer, typically upon delivery or possession of the engine. 7. Governing Law and Jurisdiction: This section states that the bill of sale is governed by the laws of the state of Ohio and any disputes arising out of the agreement shall be resolved in the appropriate Ohio court. While there may not be different types of Ohio Bill of Sale for Aircraft Engine and Disclaimer of Warranties, it's important to note that variations and modifications can be made based on the specific circumstances of the sale or as mutually agreed upon by the parties involved. However, it is strongly recommended consulting with a legal professional experienced in aviation transactions to ensure compliance with all relevant laws and regulations.The Ohio Bill of Sale for Aircraft Engine and Disclaimer of Warranties is an essential legal document that outlines the transfer of ownership of an aircraft engine in the state of Ohio. This document ensures that the buyer and seller have a clear understanding of the terms and conditions of the sale, while also emphasizing that the engine is sold "as-is" without any warranties or guarantees. The Ohio Bill of Sale for Aircraft Engine and Disclaimer of Warranties typically includes several key components such as: 1. Identification of Parties: It includes the names, addresses, and contact information of both the buyer and seller involved in the transaction. 2. Description of Aircraft Engine: The document provides a detailed description of the aircraft engine being sold, including relevant serial numbers, models, and any other identifying information. 3. Purchase Price and Payment Terms: The bill of sale clearly states the agreed-upon purchase price for the aircraft engine and outlines the payment terms, whether it is a lump sum payment or installment payments. 4. Transfer of Ownership: This section outlines the transfer of ownership process, ensuring that the seller transfers all rights and interests in the aircraft engine to the buyer upon completion of the sale. 5. Disclaimer of Warranties: This crucial element explicitly specifies that the aircraft engine is sold without any warranties or guarantees from the seller, including implied warranties of merchantability or fitness for a particular purpose. 6. Risk of Loss: It clarifies the point at which the risk of loss transfers from the seller to the buyer, typically upon delivery or possession of the engine. 7. Governing Law and Jurisdiction: This section states that the bill of sale is governed by the laws of the state of Ohio and any disputes arising out of the agreement shall be resolved in the appropriate Ohio court. While there may not be different types of Ohio Bill of Sale for Aircraft Engine and Disclaimer of Warranties, it's important to note that variations and modifications can be made based on the specific circumstances of the sale or as mutually agreed upon by the parties involved. However, it is strongly recommended consulting with a legal professional experienced in aviation transactions to ensure compliance with all relevant laws and regulations.
