Fillable Form Boat Bill of Sale

What is a Boat Bill of Sale?

A Boat Bill of Sale is a template that is used to create a Bill of Sale for the purchase of a boat or other watercraft. A Boat Bill of Sale form asks for information on the details of the sale, the boat, and the buyer and seller.

A Bill of Sale is a document that puts in writing the details on a sale of goods or transfer of property from one party to another (from a “seller” to a “buyer”). This serves as legal evidence that full consideration has been provided in a transaction, that the terms of the transaction are valid and final, and that the seller is rightfully transferring their rights to the sold assets to the buyer. For a Bill of Sale for a Boat, the property in question would be the boat itself.

There are two types of Bills of Sale. These types are the following:

• Absolute Bills of Sale do not represent any form of security, but instead are simple documents serving as evidence of agreements, transfers, and other assurances of personal possession of the purchased properties. These kinds of Bills of Sale are, effectively, regular contracts of sale of goods, covered by the common laws of contract and the sale of goods laws of the state.

• Conditional Bills of Sale represent any assignment or transfer of any personal possessions by way of security for the payment of money. This kind of Bill of Sale allows the seller (the original owner of the property being sold) to establish particular terms that must be followed for the buyer to retain ownership of the property sold. If the conditions set by the original owner are not met or are violated (this will depend on what terms and conditions are placed on the Bill of Sale), the ownership of the property will revert to the seller or the original owner of the property.

A Bill of Sale may be very complex or very simple depending on the circumstances surrounding the sale, such as what type of transaction was made, what state the sale was done in, what type of property was purchased and sold, and what type of Bill of Sale is needed for the transaction In the case of a Bill of Sale Boat, the form will generally be a very simple Absolute Bill of Sale. However, it will still be beneficial to make sure which type of Bill of Sale is needed, in order to ensure that all obligations, terms, and conditions involved in the sale (if any) are made clear to both the buyer and the seller.

Who needs to use a Boat Bill of Sale?

Any person who buys or sells a boat or other watercraft must create a Boat Bill of Sale to serve as certification that the transaction was made with the full awareness and agreement of both the buyer and seller. Most of the time, however, the seller is the one who must provide a Bill of Sale for the transaction to the buyer.

There may also be other requirements that must be fulfilled as part of the sale of a boat or other watercraft depending on the state or country where the sale was primarily carried out. Make sure to check for any such requirements to ensure that the transaction goes smoothly.

How to fill out a Boat Bill of Sale?

The Boat Bill of Sale template is a very short and easy form to fill out. It is important to download the form in PDF format before printing it so as to ensure that its format and the information entered on the form remains intact even after it is printed.

Make sure to have the relevant documents to the transaction and the contact details of both the buyer and the seller to ensure that all information entered on this form is correct and updated.

Bill of Sale Terms

The initial paragraph asserts that all information entered below is correct and true, that the seller is both the legal owner of the watercraft being sold and that the watercraft being sold has no warranties and is free of any liens or other encumbrances that might interfere with the sale or ownership of the watercraft.

Make sure to review these terms, as they may need to be revised depending on what terms the buyer and seller agree upon as part of the transaction.

Seller

Enter the full legal name of the seller. In the case of a dealership or other entity, enter the name of the dealership or entity and the name of their representative.

Buyer

Enter the full legal name of the buyer.

Make

Enter the make of the watercraft sold.

Model

Enter the model of the watercraft sold.

Year

Enter the year of the watercraft sold.

Boat Hull Identification Number

Enter the identification number assigned to the watercraft.

Motor Identification Number

Enter the identification number assigned to the motor.

Odometer/hours

Enter the value indicated on the odometer of the watercraft over the number of hours taken to travel that distance.

Sale Price

Enter the amount that the watercraft was sold for.

Signature

Have the seller sign the form in the space provided.

Buyer’s Signature

Have the buyer sign the form in the space provided.

Date

Enter the date that the buyer and seller both signed the form.

Tips when filling out a Boat Bill of Sale

While the Boat Bill of Sale PDF is very short and simple to fill out, it is important to double-check the information entered on the form to ensure that all details are correct and updated.

Keep the form in a safe location. Make sure to keep the form in a secure area and to send a copy of it to the buyer through safe and trustworthy means. This will help to prevent any issues with the transaction and provide both parties with the Bill of Sale document as soon as possible.

Practice good contract management. Create a copy of this form for all parties involved, as well as another extra copy to serve as a backup for future legal purposes or should something happen to the original copy.