Writing a bill of sale for the transfer of ownership of a boat is an important legal step. The bill of sale not only shows the sales transaction between the buyer and seller but also serves as proof of ownership. A formal bill of sale for a boat functions as the sales receipt for the vessel. You'll be providing the bill to your state's boating license agency as legal proof of ownership for obtaining a title as well as your own insurance agency for insuring the vessel.
Create the boat bill of sale with the current date and complete buyer address and driver's license information under the heading "Buyer." The seller's address and driver's license information should be listed under the "Seller" heading.
Identify the type and exact size of the boat, including any additional features being included in the sale under the heading "Description." For example, if the sale includes a boat trailer, this information should be added. Any other major equipment should be included under the description heading.
List the complete registration number for the vessel under a "Registration information" heading on your document. Make sure this number matches the existing title and printed vessel registration number on the hull of the boat.
Identify the sales price clearly under a separate heading for "Price." The price should include the total cost of the vessel. This section of the boat bill of sale can be broken down into components if a trailer or other equipment are being sold.
Include a statement that the boat is being sold "as is" or stipulating any modifications that the seller will be making to the vessel.
Allow space on the bill of sale for both the buyer and seller to provide complete signatures and dates of signature. Leave additional room to allow for notarised stamps if required by your state.