Preferred Ship Mortgage The United States Code pertaining to the filing and recording of mortgages and related instruments is Title 46 USC 313; the applicable regulations are found in Title 46 Code of Federal Regulations, Subparts O, P and Q, Sections 67.200-245. The U.S. Coast Guard acts principally as a recording agency in regard to mortgages and related instruments; therefore, it is suggested you review the cited references and/or seek private legal counsel for additional information. There is NO government form for a preferred mortgage; however, there is an Optional Application for Filing form, CG- 5542. This form may be attached to a mortgage or related instrument. If CG-5542 is properly completed, the instrument to which it is attached will be filed and recorded WITH NO FURTHER REVIEW. An original or a copy of form CG-5542 must be submitted with an original or a copy of the mortgage. The mortgage or related instrument must include the following: A signature by, or on behalf, of the vessel owner(s) and acknowledged by a notary public Addresses of both the mortgagor and mortgagee Must cover the “whole” of the vessel; cite a definite amount, identify the vessel by name, official number and/or hull number A mortgage cannot be accepted for filing unless the vessel has a valid Certificate of Documentation or an Application for Initial, Exchange or Replacement, CG-1258, on file at the NVDC. 1. VESSEL NAME AND OFFICIAL NUMBER (OR OTHER UNIQUE IDENTIFIER)PLEASE LIST COAST GUARD ASSIGNED OFFICIAL NUMBER, MANUFACTURER’S HULL IDENTIFICATION NUMBER (HIN) ASSIGNED IN ACCORDANCE WITH RULES IN 33 CFR, OR OTHER UNIQUE IDENTIFIER, (STATE MOTORBOAT NUMBERS ARE NOT CONSIDERED TO BE UNIQUE IDENTIFIERS.)2. SELECT INSTRUMENT TYPE (CHECK ALL THAT APPLY) PREFERRED MORTGAGE CHATTEL MORTGAGE AMENDMENT SUPPLEMENT SUBORDINATION ASSIGNMENT OTHER Describe3. NAME(S) AND ADDRESS(ES) OF GRANTOR(S) (MORTGAGOR(S), ASSIGNOR(S), ASSUMING PARTY(IES), OR OTHER(S)GRANTOR. FOR PURPOSES OF THIS FORM, GRANTORS INCLUDE MORTGAGORS, ASSIGNORS, PERSONS ASSUMING MORTGAGES, PERSONS GRANTING SUBORDINATION OF MORTGAGES. LIST ALL GRANTORS AND ADDRESSES. PLEASE SPECIFY INTEREST OWNED IN VESSEL OR HELD IN MORTGAGE AFFECTED BY ATTACHED INSTRUMENT (100% UNLESS OTHERWISE STATED)4. NAME(S) AND ADDRESS(ES) OF GRANTEE(S) (MORTGAGEE(S), ASSIGNEE(S), OR OTHER(S)GRANTEE. FOR PURPOSES OF THIS FORM, GRANTEES INCLUDE MORTGAGEES, ASSIGNEES, PERSON FROM WHOM MORTGAGES ARE ASSUMED, AND PERSON TO WHOM SUBORDINATION OF MORTGAGES ARE GRANTED. LIST ALL GRANTEES AND ADDRESSES.PLEASE SPECIFY PERCENTAGE OF VESSEL MORTGAGED OR MORTGAGE ASSIGNED (100% UNLESS OTHERWISE STATED)5. AMOUNT6. IDENTIFICATION ON INSTRUMENT ASSUMED, ASSIGNED, AMENDED, SUPPLEMENTED, SUBORDINATED, OR, OTHERWISE MODIFIED: NOT USED FOR NEW CHATTEL OR FOR PREFERRED MORTGAGES. MUST BE COMPLETED FOR ASSUMPTIONS, ASSIGNMENTS, AMENDMENTS, OR OTHER INSTRUMENTS MODIFYING CHATTEL OR PREFERRED MORTGAGE FILED PREVIOUSLY OR CONCURRENTLY.RECORDED BOOK:PageFILE/RECORDED DATE: - must be mm/dd/yyyy format Date Format: MM slash DD slash YYYY TIME:OTHER IDENTIFYING DATA:Digital Signature of Owner or person acting for Owner * RequiredI (We) hereby certify that the facts recited herein are true and correct. I (We) understand that the U.S. Coast Guard will rely on those recitations in indexing the attached instrument.PREFERRED SHIP MORTGAGE Price: $185.00 Test Price: $0.00 Please select any additional services you wish to have processed Priority Request/Rush Processing Abstract of Title Certified copy of COD Priority Request/Rush Processing Price: $75.00 Abstract of Title Price: $75.00 Certified copy of COD Price: $75.00 ADVANCED RENEWAL You can eliminate the possibility of late fees, as well as reinstatement fees, by paying your yearly renewal documentation in advance. Your certificate of documentation will be automatically renewed each year, for the number of years selected, by Federal Commercial Fishing Permits Center, a private documentation firm. NOTE: The NVDC only issues their vessel renewals for a period/duration of one year each. Your yearly certificate will be valid for one year only. You will receive one (1) Year long certificate each year, depending on how many additional years you have ordered. For each individual year of renewal a new renewal will be AUTOMATICALLY forwarded to your designated address at time of renewal(s). This may require that the vessel owner update their current address to facilitate the renewal process.USCG RENEWAL DOCUMENTATION ADVANCED PAYMENT OPTIONNo Additional Years1 year renewal (additional $75.00)2 year renewal (additional $150.00)3 year renewal (additional $225.00)4 year renewal (additional $300.00)5 year renewal (additional $375.00)Total $0.00 Signature * RequiredCAPACITY OF PERSON SIGNING (E.G., OWNER, AGENT, TRUSTEE, GENERAL PARTNER, CORPORATE OFFICER, MEMBER)Authorization * Required I agree to pay the above total amount according to the card issuer agreement and hereby authorize the charge for the total amount above for the processing of selected USCG documents. I understand that my application will be processed in the order in which it is received by Federal Commercial Fishing Permits Center, a private fee for service documentation company, not owned or operated by any governmental agency. I understand that application and processing fees are non-refundable as per Federal Commercial Fishing Permits Center's no refund policy and as per 46 CFR 67.500(e) PAYMENT INFORMATION * Required American ExpressDiscoverMasterCardVisa Card Number Month010203040506070809101112 Year20212022202320242025202620272028202920302031203220332034203520362037203820392040 Expiration Date Security Code Cardholder Name Having Trouble? 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