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flyboy2007
 Post subject: bill of sale
PostPosted: Sun Jul 05, 2009 4:02 pm 
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Joined: Sun Jan 27, 2008 3:18 pm
Posts: 80
Location: wisconsin
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
 Post subject: Bill of sale
PostPosted: Mon Jul 06, 2009 9:01 am 
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Joined: Tue Oct 28, 2008 9:50 am
Posts: 12
Location: Hillsdale, Michigan
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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James Scheibner
Hillsdale Aero, Inc.
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drseti
 Post subject: Re: Bill of sale
PostPosted: Thu Dec 03, 2009 10:42 am 
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Joined: Sat Nov 28, 2009 6:42 pm
Posts: 2573
Location: Lock Haven PA
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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The opinions expressed in this post are those of one CFI, and do not necessarily represent the position of the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS
AvSport of Lock Haven
http://AvSport.org fly@AvSport.org
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Jeff Tipton
 Post subject:
PostPosted: Thu Dec 03, 2009 9:12 pm 
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Joined: Sun Nov 26, 2006 5:23 pm
Posts: 98
Location: Dickson, TN
OVC Other various considerations.
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flyboy2007
 Post subject:
PostPosted: Thu Dec 03, 2009 10:38 pm 
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Joined: Sun Jan 27, 2008 3:18 pm
Posts: 80
Location: wisconsin
Thanks guys!

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