CG Form 290. Aerospace Vehicle Delivery Receipt

CG Form 290, also known as the Aerospace Vehicle Delivery Receipt, is a form used to document the delivery of aerospace vehicles. The primary purpose of this form is to provide a detailed record of the transfer of ownership and possession of an aerospace vehicle from the seller or manufacturer to the buyer or operator.

The form consists of several parts, including information about the buyer, seller, and aircraft details such as make, model, serial number, and registration number. It also includes information on the condition of the aircraft at the time of delivery, such as any damage or discrepancies found during inspection.

Important fields to consider when filling out the form include the date of delivery, the location of delivery, and signatures of the buyer and seller or their authorized representatives. It is important to ensure that all fields are accurately completed to avoid any potential legal disputes in the future.

Parties involved in the form include the buyer, who will take possession of the aerospace vehicle, and the seller or manufacturer, who is transferring ownership. Other parties may include the brokers or agents acting on behalf of either party.

When filling out the form, data required will include personal and contact information for both the buyer and seller, as well as details about the aircraft being delivered. Additional documents that may need to be attached include the bill of sale, registration certificate, and any maintenance logs or records.

Examples of application and use cases for the CG Form 290 include private sales of aircraft, transfers of aircraft ownership between corporations, and leasing agreements between operators and owners. The form provides a clear and concise record of the transaction, which can help protect both parties in the event of any legal disputes.

Strengths of the form include its comprehensive nature and standardized format, which makes it easy to understand and complete. Weaknesses may include potential errors or omissions if the form is not filled out accurately or completely.

There are no alternative forms or analogues to the CG Form 290 that serve the same purpose. However, related forms may include bills of sale or transfer of ownership documents for other types of vehicles.

The form affects the future of both the buyer and seller by providing a legal record of the transaction. It is important to keep a copy of the completed form for future reference and to ensure compliance with any regulatory requirements.

The form can be submitted to the appropriate authorities, such as the Federal Aviation Administration (FAA), and should be stored in a secure location for future reference.