Hi there, your question about "What is the procedure for transfer of ownership from direct seller without coi to buyer who get a refinance from the bike shop?" has been answered before.

Please refer to https://www.motorist.sg/ask-motorists/4280/what-is-the-procedure-for-transfer-of-ownership-from-direct.

To add on, the bike shop will usually make payment to the seller when the bike is transferred to the bike shop. It is advisable to only transfer the bike ownership after ensuring that funds are received.