Looking at the form, it doesn't appear so. It only asks if the vessel was previously registered in a foreign country.. Yes...and then it asks for the relevant information.
Registration is different from Title..though. You want to make sure you have clear title.
So the previous owner should provide you with the appropriate CG forms to undocument the vessel. ( my understanding)
I'm reading the back of my COD now and it clearly states that "the certificate is not conclusive evidence of Title in any preceeding where ownership is in question"
The complete records are on file at the NVDC.
Simply ..Filling out the back COD by the owner..does not necessarily ensure you that you have clear title. The form states: "The Sale or Transfer section below is provided for convenience only" In other words it's no guarantee that there are no liens unless the Previous owner does what they need to do..to undocument the vessel.
That is my understanding, but better fact check me.