If you are selling or buying a boat, you’ll need a boat bill of sale form to make the sale or purchase. You use the boat bill of sale form to transfer the ownership of the boat or vessel and to make sure that the transfer is legitimate.
You use the boat bill of sale form when you buy (sell) a boat from (to) an individual other than a dealer, because the dealer normally prepares the document for you. If you are buying a boat, a boat bill of sale is the evidence to prove that the right to the ownership of the boat is transferred to you. Besides the bill of sale, you will also need a Certificate of Title from the seller to prove the ownership of your new boat.
Both buyer and seller should sign the bill of sale for boat and keep a copy the document. Later, the buyer may need the bill of sale to obtain insurance coverage for the boat.
The boat bill of sale document is also known as watercraft bill of sale, vessel bill of sale or bill of sale for boat.