Boat Bill of Sale
Boat Bill of Sale form with examples and instructions.
The Bill of Sale form is designed for transfers of ownership related to boat purchase and sale arrangements. This is a generic version that contains the necessary citations which should satisfy both state boat registration and federal vessel documentation agencies.
Form Examples
Examples of the Bill of Sale form are available in Adobe PDF format. These can be easily converted into your favorite word processing application for modification and editing purposes. If your system does not already have this capability, there are a number of free or subscription online internet services available that can provide such an accommodation.
Instructions
Vessel Data - Ensure that all known identification numbers are listed as they
match both the boat itself and any title or registration certificates.
Seller Name and Address - This should be the full legal name
of the grantor and current physical address. However, corrective actions may
be necessary if the name does not match any related title, documentation, or
registration certificates. Address variations are usually
inconsequential for recording purposes.
Buyer Name - These should be the full legal names of the buyers. Any methods of ownership
should also be shown such as Joint Tenants, Tenants by the Entirety, etc.
Consideration Received - The consideration is often stated as
"One Dollar and Other Valuable Considerations". This prevents the sales price from being
exposed on any documentation or title records. It is then later established by other means. However, there may be circumstances where
the full dollar value should be stated on the form.
Terms of Sale - This is typical language common to most transactions. However, there may be circumstances where this should be changed.
These are not of concern with regard to required citations, although if an
attachment is referenced it must accompany the bill of sale. Consult with your attorney with any concerns
about such terminology .
Signature - The form must be executed by all sellers. The current date signed
must also be included.
Name and Capacity of Persons Signing - This must properly identify all signatory parties.
Acknowledgement - The form should be signed in the presence of a Notary Public. In doing so, an
attachment may be used at the notary's discretion. If executed in a foreign country, the form may also need an apostille, especially for vessel documentation
purposes. Although notarization requirements may vary by state, it is an
absolute requirement for vessel documentation purposes
Usage Context
Some state agencies are more relaxed in their Bill of Sale requirements, although the Coast Guard is very stringent. All applicable citations should, therefore, be stated in precise terms.
Conclusion
This form is generally suitable for most jurisdictions, however, you should check with the respective agency about any such concerns. You may also wish to consult with an attorney about the legal ramifications of utilizing this form.
This information is subject to change and should be confirmed with the respective agency.
References and Referrals Comments - Suggestions - Corrections