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Boat Bill of Sale Template

A boat bill for sale, also known as a purchase agreement for boats, is a legal document that describes the terms and conditions of a watercraft transaction. This contract can be used for unpowered and powered boats. However, it must not be a US Coast Guard registered vessel.

Most states require the buyer to register the boat once the sale is complete. The state will need to be provided with the signed bill of sale, title forms, and registration documents. There may also be a sales tax depending on where you live.

If you are selling a boat with a warranty, it is necessary to document this on the boat bill. Private sales of boats are almost always done without warranties. These boats are sold "as is," meaning that the buyer accepts the vessel as it is.

Bill of sale form
Bill of sale form

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Sample Boat Bill of Sale

 

This bill of sale is made between ___________ (Seller) and ___________ (Buyer).

If there are any changes to the title during repairs, all costs are to be paid by

___________ .

It is understood that the boat is in good working order at the time of sale. Every piece not stated in this contract will remain with Seller. The use of watercraft will adhere to local jurisdictions.

Seller Details

  • Address:
  • Phone number:
  • Email Address:

Date, Time, and Location of Sale:

Description of Boat

Model - Year - Hull ID# - Registration # - Length - Overall Width - Main Engine Make - Main Engine Horse Power - Main Engine Hours - Accommodations - Equipment Notes - Price

Buyer Signature:

Seller Signature:

Explanations:

  1. It is understood that the boat is in good working order at the time of sale - This tells you that the condition of your boat is to be considered before signing.
  2. Every piece not stated in this contract will remain with Seller - The seller may keep every piece not mentioned in the contract if it remains undiscovered until after the sale is over.
  3. The use of watercraft will adhere to local jurisdictions - Laws about where boats can be used are outlined here for both parties.
  4. Accommodations Equipment Notes - Any accommodations made, as well as any special equipment used are listed here.
  5. Terms & Conditions - Terms and conditions of the sale are outlined here e.g.: The boat must be returned to the seller in the same condition as it was before the buyer took possession of it for a full refund, if not contact your lawyer immediately, etc. This can include information about returning personal belongings left on the boat after purchase, transferring registration, etc.
  6. Seller and Buyer Signatures - The buyer and seller must sign for this bill of sale to be valid.


 

What information is required on a bill of sale for a boat?

When selling a boat, it is important to have a bill of sale form to document the transaction. This form should include specific information about the boat, such as the make, model, year, and hull identification number (HIN). It should also include the names and addresses of both the buyer and seller, as well as the date of the sale. The bill of sale should be signed and dated by both parties, and the seller should retain a copy.

What is the statute of limitations for a bill of sale?

The statute of limitations for a bill of sale is typically three years, but it may vary depending on the state where the sale occurred. If there is any dispute over the boat's ownership, the bill of sale can be used as evidence in court.

What is the process for transferring ownership of a boat?

To transfer ownership of a boat, the buyer and seller must complete a transfer of ownership form, which is available from the DMV. This form must be signed by both parties and notarized. The buyer must then submit the form to the DMV, along with the bill of sale and any other required documentation, such as proof of insurance. The DMV will then issue a new registration in the buyer's name.

Important Disclaimer: This article and/or document is provided for general information purposes only and is not intended to substitute for informed professional tax, accounting, legal, investment, or any other professional advice. We expressly disclaim liability for any product, service, document, opinion, or fact mentioned or provided by this webpage. Use the information or document provided at your own risk.

 

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