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flyboy2007
Joined: 27 Jan 2008
Posts: 73
Location: wisconsin
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| Posted: Sun Jul 05, 2009 4:02 pm Post subject: bill of sale |
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| Ok, I am trading my airplane to another guy for an even up trade. No money involved. What kind of forms do I have to fill out with him. And what do I write on the bill of sale as far as where the price goes? Any help would be greatly appreciated. Thanks in advance. John |
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flyguy1
Joined: 28 Oct 2008
Posts: 12
Location: Hillsdale, Michigan
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| Posted: Mon Jul 06, 2009 9:01 am Post subject: Bill of sale |
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| We always enter "$1.00 ovc" in the price section on the FAA Bill of Sale. My understanding of that space is that it is made available if you want to use the FAA Bill of Sale as your sales contract. We use a separate document for the sales contract. |
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drseti
Joined: 28 Nov 2009
Posts: 1186
Location: Lock Haven PA
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| Posted: Thu Dec 03, 2009 10:42 am Post subject: Re: Bill of sale |
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flyguy1 wrote: We always enter "$1.00 ovc" in the price section on the FAA Bill of Sale.
What does ovc stand for? |
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Jeff Tipton
Joined: 26 Nov 2006
Posts: 98
Location: Dickson, TN
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| Posted: Thu Dec 03, 2009 9:12 pm Post subject: |
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| OVC Other various considerations. |
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flyboy2007
Joined: 27 Jan 2008
Posts: 73
Location: wisconsin
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| Posted: Thu Dec 03, 2009 10:38 pm Post subject: |
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| Thanks guys! |
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