It is important to utilize a boat bill of sale form when buying or selling a used boat. A bill of sale form provides the seller with proof that the new owner is now legally responsible for the boat. For the buyer, a bill of sale form is proof of purchase that the boat is theirs.
When utilizing a boat bill of sale form, it is suggested that it contains the following;
1. the name and residential address of the purchaser.
2. the name and residential address of the seller.
3. a thorough description of the vessel, including make, model and hull identification number.
4. the sale price.
5. the time and date of sale.
6. the signatures of both the buyer and the seller.
Many states in the US will need you to provide a boat bill of sale form before you can register the boat in your name. It is probable that each state may have a slightly different process by which the registration occurs, but the basic information listed above is common to all states and required everywhere.
A boat bill of sale form when correctly filled out provides protection and security for both the buyer and the seller. The seller is protected as they now have proof as to when the boat was legally transferred. All monies owed or fines accrued on the vessel after this time are now the responsibility of the new owner. Similarly the purchaser is protected as they have a record of the date at which they bought the boat and anything that happened before that date can be shown to be the result of the previous owners actions.
All buyers and sellers of second-hand boats are advised to make use of a boat bill of sale form for their own protection and peace of mind.
Darren D King is an avid boatsman and businessman. He runs a website providing professional boat bill of sale forms that provide boat buyers with security and peace of mind. For more information on boat bill of sale forms, please see http://www.BoatBillOfSale.org
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