Boat Bill of Sale Template

A bill of sale documents the transfer of ownership of a vehicle. However, these documents are not limited to automobiles. A bill of sale can also document the sale or transfer of a waterborne vessel, such as motor boats and sailboats.

What Is a Boat Bill of Sale?

A boat bill of sale is similar to a receipt. It is evidence that one party transferred ownership of a vessel to another.

Why the Document Matters

A boat bill of sale is required in a few situations. First, many states require a bill of sale to register a vessel after an ownership transfer. For example, Massachusetts requires a bill of sale to obtain a registration after you buy a used vessel.

Second, some states use the bill of sale to calculate the sales tax due on the purchase of a used vessel. Texas requires a bill of sale, invoice or receipt stating the purchase price to determine the tax you owe.

Third, some small vessels, such as kayaks, are exempt from titling. A bill of sale is the only option for documenting a transfer of these vessels.

Finally, a bill of sale may help you obtain a replacement title if the original is lost or destroyed.

Legal and State Requirements

The requirements for a boat bill of sale vary from state to state. You should check your state to determine when you need a bill of sale. However, unlike vehicle bills of sale for automobiles, boat bills of sale are almost always required for the sale of a vessel.

What to Include in the Form

Vessel bills of sale must usually include the following information:

• Hull identification number (HIN)
• Vessel make, model, year, and length
• Seller’s name
• Buyer’s name
• Lienholder’s name, if any
• Sale price
• Date of transfer

Some states require the document to be notarized, while others only require the parties’ signatures.

How to Write the Document

Writing a boat bill of sale is relatively straightforward. It only requires factual information known or readily found on the boat, such as the HIN. Ensure you fill out the bill of sale accurately. Lying on a bill of sale could constitute a crime.

Steps After the Sale

For motorized or large vessels, you will use the bill of sale to obtain the vessel’s title and registration in your name. Contact your state to determine where to file your title and registration applications.

Adding Warranty or As-Is Terms

A bill of sale can serve as more than a receipt. It can also include terms of the sale. For example, when you sell a used vessel, you can disclaim any warranties and sell it as-is so that you do not guarantee the vessel’s condition. Additionally, you can include the payment plan, if any, that you reached with the buyer.

Access the Right Boat Bill of Sale From ConsumerShield

A boat bill of sale is essential in most states. The right form could smooth the process for registering and titling your vessel. Find the right form in ConsumerShield’s guides and templates.