A boat or vessel bill of sale form is a document which should be signed by a buyer and a seller of a watercraft vessel. The purpose of the form is to record the details of the sale which occurred between the involved parties, as well as enlist the roles to be fulfilled by each party.
Types of Boat Vessel Bill of Sale Forms
Boat Motor Bill of Sale Form – This form is not only for selling boats but also for selling boat motors or engines. Specifically, a boat motor bill of sale form will state the registration number, model year, manufacturer or make number, and the hull identification number for the boat or the serial number for the motor. In addition, the date when the sale was finalized and the sale price of the item will also be stated in the form.
Boat Motor Bill of Sale Form
State Certified Vessel Bill of Sale Form – There are States who provide a bill of sale form and other documents to their residents. For this, a state-certified vessel bill of sale form will be the appropriate document to use. The form will indicate the name of the State as part of the title or header which is then followed by two sections to be filled out by the user. The first section is for the description of the vessel while the second section is allotted for the details of the sale and the signatures of the involved parties.
State Certified Vessel Bill of Sale Form
Vehicle Vessel Bill of Sale Form – As the aforementioned boat motor bill of sale form is useful also for motor selling, a vehicle vessel bill of sale form can also be for other vehicle types including land vehicles. The information to be disclosed in this type of form includes the general information of the vehicle or vessel on sale and the basic data of the seller and the buyer along with their signatures. Furthermore, if there are two buyers and sellers, then each of them must affix their signatures to complete the bill of sale.
Vehicle Vessel Bill of Sale Form
Vessel Trailer Bill of Sale Form – Boat and vessel trailers are used to launch, carry, and store boats or vessels. For this type of property, a vessel trailer bill of sale form should be the document to be used by the trailer owner and seller. In the form, the name of the purchaser, the date of the sale, the total purchase price of the sale, and the descriptions of the trailer will have to be indicated.
Vessel Trailer Bill of Sale Form
Essential Sections in Boat Vessel Bill of Sale Forms
There are three sections which should always be present in any type of boat vessel bill of sale form, and these are as follows:
- Boat or vessel description: It is very important that the vessel or boat being purchased or sold to the buyer is identified properly especially if the seller owns and sells several properties to different buyers. The descriptions should include the property’s type, make, name, model, year, manufacturing company’s name, and any identification number printed on the property.
- Seller information: The types of data or information which will be collected in the form to identify the seller highly depends on what the State requires and what information will be relevant to be used in the period of the sale. However, the most common pieces of information to be stated in the form would be the seller’s name, address, and contact information. Additionally, if the seller is not the only owner of the property, then the names, addresses, and phone numbers of each co-owner should also be indicated.
- Buyer information: In this section of the form, the buyer’s complete name and address will be stated as well as the name of the co-owner if the buyer is purchasing the boat under a joint account or with a partner.
Aside from the aforementioned sections, a boat vessel bill of sale form should also include an instruction sheet which will enlist tips and notes to be remembered and understood by the involved parties. The instructions can also indicate the State’s rules and regulations which must be adhered to by the seller and the buyer to avoid dealing with penalties and fees.
Boat Bill of Sale Form
Boat Vessel Bill of Sale Form FAQs
Can a buyer register his newly purchased boat with the presentation of a boat bill of sale?
Yes. A boat bill of sale will serve as proof that the boat was purchased legally and with the knowledge of the previous owner. However, the buyer should also be able to meet the other requirements of the State where he will be registering the boat including legal forms such as boat ownership and title certificates, and an ownership transfer form signed by the seller.
Is a handwritten boat vessel bill of sale form legal?
Yes. The form will be legal for as long as it states the particulars of the sale agreement that the buyer and the seller have agreed to along with the signatures of both parties.
Is a boat vessel bill of sale form legally accepted if it does not have a seal from a notary public?
Most States and countries do not require a boat bill of sale form to have a notarization section for the seal of a notary public. However, there are also some States who require the form to be notarized for it to be accepted and be acknowledged as a legal form. This is why it is important for the parties involved to know what the requirements of their State are, and what procedures they must fulfill to have a successful and validated sale transaction.
Vessel Bill of Sale Form
Furthermore, the completed boat vessel bill of sale form should be submitted or be served to the State Department or agency to allow the State in recording the sale and in updating the ownership of the sold boat or vessel. However, a duplicate of the completed form should be kept by the seller and the buyer for reference purposes, specifically in the event of a breach or when concerns and issues arise in the future.
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