yacht sale contract

• Sale Purchase Agreements

Boat Purchase Agreement Template

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Created by:

​ [Seller.FirstName] [Seller.LastName] ​

​ [Seller.Company] ​

​ [Seller.StreetAddress] [Seller.City] [Seller.State] [Seller.PostalCode] ​

Prepared for:

​ [Buyer.FirstName] [Buyer.LastName]

​ [Buyer.Company] ​

​ [Buyer.StreetAddress] [Buyer.City] [Buyer.State] [Buyer.PostalCode] ​

Parties to the Agreement

This Boat Purchase Agreement ("Agreement") is entered into on (Date), by and between [Seller.FirstName] [Seller.LastName] / [Seller.Company] , hereinafter referred to as the "Seller," and [Buyer.FirstName] [Buyer.LastName] , hereinafter referred to as the "Buyer."

Boat Information

Boat's Condition

The Seller states that the boat is (current condition (e.g., new, used, or "as-is")) (Boat Condition)

Purchase Price and Payment

The total purchase price for the Boat ("Boat") shall be the amount of (Insert Numerical Amount) (Insert Written Amount).

The Parties agree that the purchase price stated in this Agreement does not include any taxes, registration fees, or additional costs. Any taxes, registration fees, or additional costs shall be the sole responsibility of the Buyer unless otherwise expressly agreed to in writing by the Parties.

The Buyer shall make payment of the purchase price as follows:

Down payment: The Buyer shall make a down payment of (Insert Down Payment Amount) (Insert Written Down Payment Amount) within (Insert Number of Days) days from the execution of this Agreement.

Full payment schedule: The remaining balance of the purchase price shall be paid as follows:

In equal monthly installments of (Insert Installment Amount) (Insert Written Installment Amount) each, commencing on (Insert Commencement Date), with the final installment due on (Insert Final Payment Date).

If the Parties agree to use an escrow or trust account for the handling of the purchase funds, the following details shall apply:

The escrow or trust account shall be opened at (Specify Bank Name and Address).

The escrow or trust account shall be maintained by (Specify the Name of the Escrow Agent or Trustee).

The Parties agree to execute any additional documents or agreements necessary to facilitate the escrow or trust arrangement.

Title and Ownership

Title transfer, seller's representation.

The Seller hereby represents and warrants that they are the lawful owner of the boat, free from any adverse claims, liens, encumbrances, or other legal impediments to its sale or transfer. The Seller further represents that they have full authority to sell the boat.

Obligations regarding title transfer

The Seller shall undertake all necessary steps and actions to facilitate the transfer of title and provide all pertinent documentation to the Buyer within (Insert Number) business days from the execution of this Agreement. Such documentation shall include, but not be limited to, the boat's title certificate, any relevant bills of sale, and any other documents required for a valid transfer of title.

Liens and Encumbrances

The Seller further represents and warrants that, to the best of their knowledge, the boat is free and clear of any liens, security interests, mortgages, or other encumbrances. The Seller shall provide a statement indicating any known liens or encumbrances affecting the boat, if applicable.

Mechanisms to address liens or encumbrances

In the event that there are existing liens, security interests, or other encumbrances on the boat at the time of this Agreement, the Seller shall undertake the responsibility to discharge such liens or encumbrances prior to the closing of the sale. In the event that the Seller is unable to discharge such liens or encumbrances, the Buyer shall have the option to either accept the boat subject to such liens and encumbrances or terminate this Agreement, in which case any earnest money or deposits shall be promptly refunded to the Buyer.

Inspection and Acceptance

The Buyer shall have a period of (insert number of days) days from the Effective Date of this Agreement (the "Inspection Period") to inspect the Boat. The Inspection Period shall commence upon the Effective Date, and the Buyer shall have the right to inspect the Boat during this timeframe.

In the event that the Buyer discovers any issues, defects, or discrepancies in the Boat during the Inspection Period, the Buyer shall promptly notify the Seller in writing of such issues. The notification shall include a detailed description of the issues and the specific reasons for the Buyer's objections.

The Buyer shall accept the Boat subject to the following conditions:

The Boat must comply with all applicable laws, regulations, and safety standards.

The Boat must be in substantially the same condition as represented by the Seller in this Agreement or as existed at the time of the Buyer's initial inspection, subject to reasonable wear and tear.

The Buyer shall have received all necessary documentation, including but not limited to the valid and marketable title to the Boat, free and clear of any liens or encumbrances.

The Boat shall be free from undisclosed material defects affecting its seaworthiness, performance, or safety.

Remedies for Non-Acceptance

In the event the Boat does not meet the conditions for acceptance as set forth in this Agreement, the Buyer may, at their option, choose one of the following remedies:

Terminate this Agreement, in which case the Buyer shall be entitled to a full refund of any payments made under this Agreement.

Request the Seller to remedy the specific issues or defects at the Seller's expense, in which case the Seller shall undertake the necessary repairs or corrections within a reasonable timeframe as mutually agreed upon by the Parties.

If mutually agreed upon by the Parties, Renegotiate the purchase price to account for any necessary repairs or adjustments to bring the Boat into compliance with the conditions for acceptance.

Closing and Delivery

The closing date for the sale of the boat ("Closing Date") shall be on (Insert Date) or such other date as the Parties may mutually agree in writing.

The closing shall take place at (Insert Location) and commence at (Insert Date and Time). The Parties shall use their best efforts to complete the closing promptly and efficiently on the Closing Date.

The Seller shall be responsible for delivering the boat to the Buyer in the condition described in this Agreement and in accordance with the terms and conditions herein. Such delivery shall be at the Seller's sole cost and expense.

The boat shall be delivered to the Buyer at (Insert Delivery Location). The Seller shall use its best efforts to deliver the boat in accordance with the following method: (Insert Method of Delivery). Any costs associated with the delivery shall be borne by the Seller unless otherwise specified in this Agreement.

Governing Law and Jurisdiction

This Boat Purchase Agreement ("Agreement") shall be governed in accordance with the laws of the State of (State), without regard to its conflict of law principles.

The parties hereby irrevocably submit to the exclusive jurisdiction of the state and federal courts located within the State of (State) for any actions, suits, or proceedings arising from or relating to this Agreement. They waive any objection to the venue based on forum non-conveniens.

The parties agree that the choice of the jurisdiction specified in this Agreement is not for convenience but is based on a substantial relationship to the parties' activities and this transaction and is a material inducement to the parties entering into this Agreement.

​ [Buyer.FirstName] [Buyer.LastName] ​

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What is a Boat Bill of Sale?

A boat bill of sale (also called a boat purchase agreement) is a document used to detail the terms of a transaction between a private seller and buyer. It’s a contract specific to a boat sale, and can be used for a powered or unpowered boat as long as it is not also a U.S. Coast Guard documented vessel registered by the U.S. government rather than titled and numbered by a state (there are separate forms for selling a documented vessel).

In some states, a boat bill of sale may not be required to complete the sale, but using one is a good idea as it provides proof of the details of the transaction. If the boat has a title—generally required in most states for boats more than 16 feet in length—that title will still need to be transferred from the seller to the buyer per state regulations.

How to Buy a Used Boat from a Private Seller

Boat Bill of Sale Templates Online

You can make up your own boat purchase agreement or use a form that may be provided by your state (try searching online for “Michigan boat purchase agreement” for example). If you find a form, details for your state will likely be included. Some states require the boat purchase agreement to be notarized by both buyer and seller.

If your state does not require the use of a specific form, or does not offer one, you may be able to use a generic boat purchase agreement such as one offered by:

• The U.S. Coast Guard
• A service like eForms

What Should Be Included on a Boat Purchase Agreement?

A boat bill of sale should include:

• The name, address and contact information for the buyer;
• The name, address and contact information for the seller;
• A description of the boat—brand, model, year of manufacture, length, Hull Identification Number (HIN);
• State registration number.

The HIN should be permanently marked on the boat transom to port. If the boat is powered by an outboard motor, it should be listed separately with its serial number.

If a trailer is being sold with the boat, it is also listed separately with its Vehicle Identification Number (VIN). The agreement should list a separate sale price for the boat, outboard motor and trailer. The agreement should also list any accessories or equipment being sold with the boat, such as electronics, trolling motor, spare props, with serial numbers if available. If you are selling the boat, items that are not included in the sale can be listed as “excluded” on the purchase agreement.

The boat purchase agreement can be executed before the sale is final, usually with a deposit, with contingencies, which could include securing financing or that the boat passes a mechanical inspection, marine survey , or sea trial . If issues crop up, such as a repair that should be made, those terms can be negotiated and spelled out in a new agreement, or the buyer can walk away with a refunded deposit.

Using a formal boat purchase agreement protects both the buyer and seller and goes a long way toward avoiding misunderstanding between the parties.

Read Next: How to Register a Boat

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Boat Bill of Sale

The boat bill of sale is a form that documents the sales transaction of a boat. It formally transfers ownership of the craft from one person to another. Sometimes called a boat purchase agreement, this document formalizes and details the terms of the transaction. It works like other forms of bills of sale. The boat bill of sale is specific to boats, both those with and without motors.

Boat Bill of Sale Template

• Connecticut
• Massachusetts
• Mississippi
• New Hampshire
• North Carolina
• North Dakota
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• West Virginia

A private seller from a dealership will include a bill of sale for the boat. A private seller offering a used boat will need to find a boat bill of sale as well.

The boat bill of sale operates just like other bills of sale. A person buying a used car will receive a bill of sale. A bill of sale is used when a person buys an animal, like a horse. They are proof that the legal ownership of the item is moving from one person to another. It is the specifications that vary from each.

A boat bill of sale is quite similar to other vehicular bills of sale. It closely resembles the car bill of sale. The seller will need to note the same information.

• Personal information of the seller
• Personal details of the buyer
• Make and model
• Odometer/hours reading
• Year of manufacture
• Amount Paid

The boat bill of sale requires a few specific pieces of information. The seller must include the

• length of the boat
• hull identification number.
• state registration number

The boat must be either state or federally registered, but not both.  Different states require different components, but all states require that the boat gets registered with the state. Not all boats need to be registered. Kayaks, canoes, and other human-propelled boats do not need to be registered and therefore do not require a bill of sale. The boat bill of sale is for all boat sales or any major money transaction.

The bill of sale acts as a transfer of ownership. A bill of sale for a boat should be used in every state. In some states, the bill of sale needs to be notarized. Florida is a state that requires a notary while Washington does not, unless by mail. Research the state-specific requirements for the boat bill of sale.

Drafting a Boat Bill of Sale

Those in need of a boat bill of sale have two options. The easiest option is to download a free boat bill of sale online. The second option is to draft one. For the most part, all boat bills of sale follow the same guidelines.

A free, printable boat bill of sale is available online for every state. These templates have all the specific information details required by the state.

Where to Find a Free Boat Bill of Sale

The ideal place to get and use a free boat bill of sale is from a government website. The DMV provides boat bill of sale templates for free. State-specific bills of sale are preferred as they have all their particular information listed. These are found easily by searching the Internet for “boat bill of sale + state”

Drafting a boat bill of sale is an option when selling a boat that does not need to be registered. The government-provided templates have sections that are not necessary for these transactions.

Some information can be omitted when selling boats like canoes and kayaks if the seller is drafting their bill of sale. Examples of unnecessary information are the hull identification number, registration number, year, and length.

Boat Bill of Sale Breakdown

A bill of sale should only begin after the terms of the transactions have been agreed upon. Once the seller has found a buyer and agreed on a price, they can choose which boat bill of sale they will use. A free online template or drafting their own.

Even before securing payment, a seller can begin filling out a bill of sale by using a deposit. A deposit can provide peace of mind for both buyer and seller. The boat may need to get inspected for repairs before full payment. The bill of sale can start to be drafted at this point.

Seller Information

A boat bill of sale starts with the personal information of the seller. The seller will include their name, address, and contact information. Contact information will be either email or phone number, often both.

Buyer Information

This section is filled out by the individual purchasing the boat. It includes all the same information that the seller fills out.

Boat Information

The seller fills out the necessary boat information. This section is the specifications of the boat.

Brand, Model, Make

This section may vary depending on the template. The language is what will be different, but the idea is the same. All boat bills of sale will require this information.

Include the company that manufactures the vessel and the model. Sometimes, the type of boat will be required. Indicate if the boat is a dingy, fishing boat, catamaran, etc.

In addition, include the year of the manufacture.

The length is a requirement specific to the boat bill of sale. Boats are measured lengthwise, tip-to-tip.

Hull Identification Number

All boats manufactured in the U.S come with a hull identification number (HIN). The number is at the stern. They are all a twelve-character identification.

The ID number has three components.

• a three-letter manufacturer number
• Five characters serial number
• Month and year of production

The HIN is full of information for the boat bill of sale. This includes the manufacturer and year of production.

Registration Number

The state or federal government registers all boats.

State registration numbers are located on either side of the boat. They take the form of the first two letters indicating the state, four numbers, and two letters.

Federal registration numbers are located around the boat. They are on parts of the boat visible when it is in the water.

If not found, call the state with the HID.

Indicate the agreed-upon price of the boat.

Sometimes, there is a section to indicate a deposit. The deposit is part of the overall final price.

Date and Signature

The boat bill of sale is complete once the document is dated and signed.

If the boat is sold with a motor, it needs to be on the bill of sale. The information is less comprehensive than the boat. The price can be indicated separately or included in the final price as an addition.

The motor has four pieces of information required.

• Manufacturer
• Serial Number

All this information is on the engine.

If a trailer is sold with the boat, it needs a separate section. The state does not require a separate bill of sale for the trailer. The trailer needs its section for the price. It is not to be included in the price of the boat.

There are three necessary pieces of information needed for the trailer.

• Vehicle Identification Number

Some free bills of sale for boats have additional pieces of information required for a trailer. The weight and license plate, for example.

No. The boat bill of sale is the prerequisite for obtaining the title. A title for the boat is the certification of ownership as seen by the government. The boat bill of sale is proof of transfer and must be signed before a title is given.

The title is not required in all states. The title is to prove legal possession of the boat in the event of theft.

A state may require the boat to be titled depending on the size, horsepower, or type of boat. No matter the reason, the boat bill of sale is required to title.

Some equipment needs to be specified on the boat bill of sale. Trailers and motors need their section if they are part of the transaction.

Electronics, spare props, and recreational equipment, if part of the deal, do not need sections on the bill of sale.

Some templates have subsections where the seller can list any additional equipment that is part of the transaction. This is where the seller can list out whatever small equipment is included. It is not technically required. A boat bill of sale drafted from scratch should include a section for additional equipment.

Some states require the boat bill of sale to be notarized. If this is the case, there are two options. The seller can visit an institution like a bank, law firm, or notary public. Physically delivering the bill of sale is more effort, but often less expensive.

The easier option is a digital signature. There are websites online that provide digital signatures for digital documents. These are more expensive than a public notary, but only require the seller to send the signed boat bill of sale digitally.

Yacht Sales: From Contract to Closing

Contracts are needed to clearly define the process of buying a yacht for both buyer and seller. the path to the closing table and your boats new owner involves many steps and a proper yacht contract should act as a guide as you move from contract to closing., important contract points for yacht sellers, understanding yacht sales contracts.

Once your yacht's condition is dialed in and it's priced right for the market, the goal of a contract will eventually be achieved. Making sure you've read your contract to purchase in detail is important, this is a legal document with terms and parameters to guide the process along, and also to spell out buyer and seller roles. Almost all brokerage agreements contain commonalities for steps in the process. Here are the important contract points to educate yourself on and pay attention to.

Yacht Sales Price & Deposit

The signed buyer’s offer on your boat should include a deposit; typically, of 10% of agreed price. In today's world of digital signatures and ease of electronic anonymity make certain you have PROOF of deposit via a check or wired deposit into your broker's escrow account. Trust but verify!

Seller & Buyer Requirements

This is a complex section on the contract, but in its simple form these sections spell out the details of where a contract protects each in case of default.

PRIOR TO ACCEPTANCE

Prior to closing.

As the seller you need to make sure the yacht is without liens or monies owed to third parties, have information on security interest if financed so that the yacht can be sold and re-titled legally. Having documents ready ahead of time is a must. Issues that often derail or slow a closing can be divorce, estate sales, liens that were paid but not properly recorded, etc. The time to pull out your USCG Documentation or State Title and share with your broker’s closing department is immediately at contract, not two days before your closing date.

As a seller, make sure any issues that would inhibit being able to close are worked on early in the process.

Survey/Sea Trial Obligations

In its simple form, the buyer is paying for the inspection and expertise of the surveyor. The seller is making the boat available and assuming the risk of that process. It’s your yacht still as the seller and while you may run it yourself, hire a captain or entrust your broker to run it, all the risk associated with a mechanical failure - or the fuel burned at survey - is the seller's obligation. See our Survey & Sea Trial Process section to fully understand this most vital step.

Acceptance of Vessel

Full or clean acceptance.

This means there are no concessions on price or fixes that need to be performed by the seller. The buyer is ready to close, and the deposit is forfeited should closing not occur.

CONDITIONAL ACCEPTANCE

Exclusions to the yacht sale.

Your yacht has been photographed, listed, and viewed by the buyer. On the day of the survey, many times it's assumed what’s on your yacht is what’s included on your yacht at closing. An issue arises when personal items that have not been cleaned off–tools, EPRIBS, Dinghy’s, etc.–are part of the boat in the buyer’s mind, but in the seller’s mind, are not meant to be conveying. Make certain you not only provide the information to your broker but specify IN WRITING what is not included.

After Acceptance & Force Majeure

Closing the yacht sale.

The boaters two happiest days - the day you buy your boat and the day you sell it. While selling a yacht is akin to selling a home, many times the closing occurs remotely with buyer and seller not gathered around the closing table. In most cases, the documents are not being signed by buyer and seller both, but different documents for each. If financing, there will be obligations that are different than in a straight cash purchase. Your broker’s closing department should lay out this step by step process. The closing on a yacht is technically to be done by the date agreed on and occurs when the BUYER'S paperwork has been executed correctly, the SELLER'S paperwork has been executed correctly and SELLER/ESCROW AGENT has received wired funds or been provided electronic proof of loan payoff. Buyer paperwork, seller paperwork & confirmation of all funds = SOLD.

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Legal Templates

Home Bill of Sale Boat

Boat (Vessel) Bill of Sale Template

Use our boat bill of sale to record the sale of a boat and protect both the buyer and seller.

• 4.8 536 Ratings

Updated July 19, 2024 Written by Sara Hostelley | Reviewed by Brooke Davis

A boat bill of sale is a legal document recording the sale of a boat between two parties: a seller and a buyer. Within this document, the seller agrees to transfer boat ownership to the buyer for a certain fee.

You need this form when buying or selling a boat because it outlines the terms of the sale, prevents disputes, and serves as proof of ownership for the buyer so they can register their new boat.

Supplemental Form

If the boat has an accompanying trailer, you can record the sale of multiple items (for example, a boat, motor, and trailer) on a single form or an accompanying trailer bill of sale form .

Download: PDF or Word .

Boat Bill of Sale – By State

• Connecticut
• District of Columbia
• Massachusetts
• Mississippi
• New Hampshire
• North Carolina
• North Dakota
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• West Virginia

Boat Bill of Sale – By Type

Explore our different forms to get the right template for your boat setup:

Use this template if you’re selling a motorless boat or a boat with an internal motor.

Examples include canoes, sailboats, houseboats, and jet skis.

Use this template for a motorless or inboard-motor boat and its trailer.

For a Boat and Trailer

Use this template to sell a boat with an outboard motor and its trailer.

Outboard motors aren’t permanent parts of the boat, so they must be listed separately on the bill of sale form, even if a trailer isn’t included in the transaction.

For a Boat, Motor, and Trailer

If your boat is federally documented (registered with the U.S. Coast Guard), you need an official Coast Guard bill of sale to complete the transfer.

For a Coast Guard Vessel

• Boat Bill of Sale - By State
• Boat Bill of Sale - By Type

How to Sell a Boat

What to include in a boat bill of sale, how to write a boat bill of sale, boat bill of sale sample, frequently asked questions.

Step 1 – Decide What You’re Selling

Firstly, you’ll need to decide what you’re selling. Will you sell just a boat or include a motor and/or trailer?

Whatever it is you’re selling, make sure you include everything in the final value of the sales price.

Common Types of Boats

You may sell or buy one of the following types of boats or water vessels using a boat bill of sale:

• Power/motorboat

Step 2 – Prepare the Boat for Sale

You need to take a few steps to prepare your boat for sale. You’ll need to:

• Get paperwork in order: Ensure you have the title and registration for each component. Most states require this information for sale. Plus, it assures the buyer that you’re the owner and the vessel has no liens.
• Collect maintenance records: A potential buyer may ask for records of any maintenance work you’ve had for the boat to verify its condition.
• Clean your vessel: Clean your vessel’s interior and exterior to attract more potential buyers. Address cosmetic issues, fix mechanical problems, and remove everything not part of the sale.
• Photograph your boat: Take several photos of your boat from different angles in good lighting.

Step 3 – Determine Your Boat’s Value

To determine your boat’s value, you’ll need to:

• Decide whether to sell privately or commercially. You may wish to hire a broker to help sell your boat, especially if it’s a higher-cost watercraft. On the other hand, selling your boat on your own lets you manage the process while eliminating fees and commission costs, but it can be more time-consuming.
• Determine market value. To get an idea of the market value of your boat, you can use a price-checker tool like JD Power or BoatTrader . Or, you can search for local listings of a similar make and model. Factors such as condition, age, and demand can significantly impact market value.

A vessel’s average sales price may not accurately represent how much your boat is worth. If you’ve made extensive modifications, they could affect the value. Ensure you consider everything when calculating the sales price.

Decide on an asking price and the lowest offer you’ll consider before you list.

Step 4 – List Your Boat for Sale

Several websites help private boat sellers reach buyers.  To reach a wider audience, create multiple listings across sites like  Boat Trader ,  The Hull Truth ,  BoatCrazy ,  boats.com ,  Craigslist , and  eBay . For high-end and specialty boats like yachts and sailboats, try YachtWorld .

In addition to several clear photos of your boat, provide a detailed description of its condition and features and any accompanying motor, trailer, or accessories.

Make sure you include the following information in your post:

• Make, model, and year
• Repairs or improvements
• Terms of the sale (cash-only, delivery available, etc.)

If you want to offer a warranty on the boat, mention it here. Otherwise, include terms like “as-is” or “sale final” in the listing description.

Step 5 – Present Your Boat to Potential Buyers

Now that you’ve listed your boat for sale online, you can show it to potential buyers. For ease of access, you’ll want your boat stationed at a dock so buyers can understand what it is like on the water. You could also consider parking your boat on land, in a trailer, or on a stand.

Before meeting potential buyers, ensure the following:

• You’re honest and up-front about the boat.
• You know the boat inside and out.
• The boat is in selling condition.
• You’re prepared to communicate and negotiate with buyers.
• You know your lowest asking price.

Step 6 – Write a Bill of Sale and Gather Relevant Documents

Once you’ve found a buyer, you can fill out a bill of sale template to finalize the transaction. Distribute a copy to the buyer so they can review it.

Also, gather the following documents:

• Title: Proof you own the boat.
• Registration: Current registration in your state.
• Proof of Paid Loan: Evidence that you’ve paid off the loan attached to the boat.
• Trailer Documentation: Proof the trailer is in good condition and can haul a boat without it being dangerous.
• Receipts for Maintenance/Repairs: Proof of you taking care of the boat while you owned it.
• Warranties: Any guarantees you want to transfer in the sale.

Step 7 – Collect Payment

Once you agree on a price with the buyer, you can finalize the boat sale. The buyer must pay you before signing the document.

Don’t hand over the keys or ownership documents until the buyer’s funds have cleared.

It would be best to negotiate which party will be subject to the sales tax; typically, both parties split it. To close the sale:

• The buyer needs to make payment in full.
• The seller must sign the title to the buyer and hand over any current registration documents.

Step 8 – Sign and Notarize

After completing the bill of sale form and receiving payment in full, you and the buyer can sign the document according to your state’s requirements.

Some states require the buyer and seller to sign in the presence of a notary public for the form to be valid. If your state doesn’t require boat bills of sale to be notarized, it’s still a good idea to have a notary witness the deal in case a dispute arises.

After the sale is complete, make a copy of the signed form for your records. The buyer should keep the original copy for registration purposes.

A valid bill of sale for a boat, jet ski, or other watercraft vessels should include the following components:

• Parties’ information: The buyer’s and seller’s names and contact information.
• Watercraft description: Details about the watercraft, including its current condition, hull identification number, make, model, and year.
• Registration information and title number: Any registration information and title numbers for the boat.
• Payment method: Clarification on how the buyer will pay (via cash, personal or certified check, credit card, etc.)
• Purchase price: The agreed-upon purchase price.
• Sale location and date: When and where the sale occurred.
• Signatures: Signatures of both parties.
• Notarization: Some states require notarization to validate the document. Even if your jurisdiction doesn’t require notarization, you may consider having a notary witness both parties’ signatures to increase its legitimacy.

You can also specify if the boat comes with a warranty. If it doesn’t, you may include an “as-is” clause, meaning the buyer agrees to purchase the vessel in its current condition.

Step 1 – Fill in the Buyer and Seller Information

Once the buyer and seller agree on all the transaction details, arrange to meet in person to complete the sale. It’s a good idea to have both parties show ID to verify their personal information is correct and prevent fraud.

You must include both parties’ names, addresses, and contact details.

Step 2 – Fill in the Boat, Motor, and Trailer Details

Fill out the boat details, including year, make, model, HIN (hull identification number), dimensions, etc. You can usually find your boat’s hull ID number on the right side of the transom (rear of the boat).

Include outboard motor information like serial number, model, and horsepower, which you can often find on the plate attached to the motor.

Trailer details, such as the vehicle identification number (VIN) and weight, are usually on a sticker or plaque attached to the frame.

Step 3 – Fill in the Selling Price and Payment Method

The buyer and seller should agree on a purchase price and payment method.

The buyer must pay sales tax when registering their new boat, but you might split or cover the sales tax cost by deducting the applicable taxes from the selling price.

Payment methods can include the following:

• Personal check
• Cashier’s check
• Money order
• Credit card

If the boat is a gift, fill out your relationship to the recipient and the boat’s total value and other items included in the transfer.

Step 4 – Sign and Notarize

Once the buyer pays, you can sign the form to finalize the transaction. Some states require boat bills of sale to be notarized.

Download a boat bill of sale template below in PDF or Word format.

Can you register a boat with a bill of sale?

You can use this document as proof of purchase to apply for the legal title with the state agency that handles boat registration.

Check your state’s requirements to determine if you need to register the boat. If you’re purchasing a trailer, you may need to register that too.

Can I buy a boat with just a bill of sale?

Yes, you can buy a boat with just this document. However, the boat must not have a title. The bill of sale must provide all the necessary details so there’s sufficient proof the transaction took place.

If a title is attached to the boat, the seller must transfer the title to you for you to legally be the new owner.

Can you sell a boat without a bill of sale?

Yes, you can sell a boat without this document. However, this approach may not be wise because you wouldn’t have definitive proof of a transaction and the resulting change in ownership. Both parties to the sale may experience legal ramifications later.

For example, say you sold your boat to a buyer without a bill of sale, and the buyer got into an accident where they damaged another vessel. The owner of the damaged vessel could take you, the original owner, to court for compensation.

As the boat is still in your name and there is no proof of a transaction, it won’t be easy to prove your innocence.

Does a boat bill of sale need to be notarized?

A boat bill of sale may need to be notarized to be legally binding, depending on the state where the sale occurs. Many states require this document notarized or witnessed by at least two people.

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Boat Purchase Agreement: All You Need to Know

A boat purchase agreement is a legally binding document that outlines the terms and conditions of a boat transaction between a seller and a buyer. Whether you’re buying a new or used boat, this agreement plays a crucial role in protecting the rights and interests of both parties involved. This article takes you through the essential elements of a boat purchase agreement, its importance, and tips for a smooth transaction.

The Relevance of a Boat Purchase Agreement

A boat purchase agreement serves several important purposes:

• Legal protection : It protects both the buyer and the seller from potential legal disputes that may arise concerning the ownership, condition, or other details of the transaction.
• Outline of Terms : It clearly states the specific terms and conditions of the boat sale, allowing both parties to fully understand their obligations and avoid future misunderstandings.
• Verification of Ownership : The agreement helps ensure that the seller is the rightful owner of the boat and has the legal authority to sell it.
• Proof of Payment : It acts as a record of the financial transaction, providing proof of payment and outlining any agreed-upon payment terms.

Essential Elements of a Boat Purchase Agreement

A comprehensive boat purchase agreement should include the following key elements:

Contact Information

The agreement must include the full name, address, and contact information of both the buyer and the seller. This not only helps in proper communication but also aids in case of any legal issues.

Boat Details

The agreement should provide a thorough description of the boat being sold, including its make, model, year, hull identification number (HIN), and current registration number. In addition, it should also indicate whether the boat is new or used and whether it comes with a trailer, outboard engine, or other accessories.

Sale Price and Payment Terms

The agreement must clearly state the total sale price of the boat, the currency, the amount of the deposit (if any), and the balance due. Additionally, it should outline the agreed-upon payment terms, such as a lump-sum payment or installment plan, and the accepted payment methods (e.g., cash, check, or electronic transfer).

Warranties and Guarantees

The boat purchase agreement should mention any warranties or guarantees offered by the seller, including specific warranty periods, coverage limitations, and the process for making claims. For used boats, the agreement may state that the boat is being sold “as is,” meaning the buyer accepts any existing faults or flaws.

Inspection and Survey Results

If the buyer has requested and conducted a pre-purchase boat inspection or survey, the agreement should include a clause stating that the buyer is satisfied with the results. Alternatively, if the sale is contingent on a satisfactory inspection or survey outcome, the agreement must mention the specific terms and conditions, deadlines, and remedies should the inspection or survey results be unsatisfactory.

Closing Date and Possession

The agreement should specify the closing date, at which the buyer will pay any outstanding balance, and the seller will transfer ownership, registration documents, and possession of the boat.

Default and Breach of Agreement

The boat purchase agreement should outline the consequences if either party fails to fulfill their obligations or breaches the terms of the agreement. This may include provisions for terminating the contract, retaining the deposit, or seeking legal remedies.

Governing Law and Dispute Resolution

The agreement should define the jurisdiction that governs the contract, as well as any preferred dispute resolution methods, such as arbitration, mediation, or court litigation.

Tips for a Smooth Boat Transaction

• Conduct thorough research : Both buyers and sellers should conduct adequate research on the boat’s make, model, and fair market value to ensure the deal is reasonable and realistic.
• Consider professional assistance : Hiring professionals such as yacht brokers or maritime attorneys might be beneficial in complex transactions or when navigating specific legal matters.
• Clarify all terms and conditions : Buyers and sellers should communicate openly and clearly about their expectations and concerns, reducing the risk of misunderstandings or disputes.
• Verify documents and information : Both parties must ensure the accuracy and legitimacy of all documents and information provided, such as proof of ownership, registration details, survey reports, and financial information.
• Keep copies of all documents : It’s crucial to keep copies of the boat purchase agreement, inspection and survey reports, and other relevant documents as evidence in case of disputes or for future reference.

A boat purchase agreement is a key element in ensuring a smooth and legally protected boat transaction. The parties involved should ensure they understand the essential elements of the agreement, and consider seeking professional assistance when necessary. By taking the necessary precautions, both buyers and sellers can enjoy a positive and legally secure boat transaction.

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Boat Purchase Agreement

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ContractsCounsel has assisted 277 clients with boat purchase agreements and maintains a network of 162 business lawyers available daily. These lawyers collectively have 30 reviews to help you choose the best lawyer for your needs. Customers rate lawyers for boat purchase agreement matters 4.87.

A boat purchase agreement is a legally binding contract between two parties that establishes the terms and conditions governing the sale and purchase of a boat. This agreement is imperative to ensure a smooth and secure transaction for both parties involved in the boat sale. Let us know about the important aspects of the agreement below.

Essential Elements of a Boat Purchase Agreement

The boat purchase agreement typically includes elements, such as:

• Identifying the Parties: The agreement identifies the buyer and seller by their full legal names and contact information.
• Describing the Boat: The agreement provides a detailed description of the boat being sold, including its make, model, year, hull identification number (HIN), and any additional equipment or accessories included in the sale.
• Specifying Purchase Price and Payment Terms: The agreement specifies the agreed-upon purchase price for the boat and outlines the payment terms, including the payment schedule, accepted forms of payment, and any deposit or down payment requirements.
• Stating Conditions and Warranties: The agreement may include provisions regarding the boat's condition and any warranties provided by the seller. It may specify whether the boat is being sold "as is" or with specific warranties, outlining the buyer's rights and responsibilities in case of defects or issues discovered after the purchase.
• Addressing Title and Transfer of Ownership: The agreement addresses the transfer of ownership and title of the boat. It may outline the process for transferring the title and registration, including any necessary paperwork or documentation required by the relevant authorities.
• Including Inspections and Surveys: The agreement may include provisions allowing the buyer to conduct inspections, surveys, or sea trials to assess the boat's condition and verify its compliance with the agreed-upon specifications.
• Outlining Closing and Delivery: The agreement outlines the closing date and location of the transaction, as well as the responsibilities of each party regarding the delivery of the boat, including any costs or arrangements related to transportation.
• Stating Governing Law : The agreement may include provisions specifying the jurisdiction or governing law that will govern any disputes arising from the agreement and outline the preferred method of dispute resolution.

Key Functions of a Boat Purchase Agreement

A boat purchase agreement establishes a legally binding contract governing a boat's sale and purchase. It serves several important functions:

• Defining Terms and Conditions: The agreement clearly outlines the terms and conditions agreed upon by the buyer and seller, including the purchase price, payment terms, and any additional agreements related to the transaction. It ensures that both parties have a mutual understanding of their rights, obligations, and responsibilities.
• Establishing Legal Ownership: The agreement facilitates the transfer of legal ownership from the seller to the buyer. It provides documentation demonstrating the buyer's ownership rights and protects them from future claims or disputes regarding the boat's ownership.
• Protecting the Rights of Parties: The agreement includes provisions that protect the interests and rights of both the buyer and the seller. It may outline warranties the seller provides regarding the boat's condition and history and any representations or disclosures made about the boat. This helps prevent misunderstandings and provides recourse for the parties in case of breaches or issues.
• Clarifying the Boat's Condition: The agreement may include details about the boat's current condition, any inspections or surveys conducted, and disclosures made by the seller. This ensures that the buyer is aware of the boat's condition before completing the purchase and helps avoid disputes arising from undisclosed defects or issues.
• Ensuring Compliance with Applicable Laws: The agreement may address legal requirements, such as the transfer of title, registration, and applicable regulations or laws governing boat sales. It helps ensure the transaction follows relevant legal frameworks and protects both parties from potential legal complications.
• Providing Documentation: The boat purchase agreement is an important legal document that provides proof of the agreed-upon terms and conditions of the sale. It can be used as evidence in disputes, insurance claims, or other legal matters related to the boat purchase.

Benefits of Entering a Boat Purchase Agreement

A boat purchase agreement offers several benefits to both the buyer and the seller involved in a boat sale. Here are some key benefits:

• Provides Legal Protection: The agreement provides legal protection to both parties by clearly defining the terms and conditions of the boat sale. It helps prevent misunderstandings and disputes by outlining each party's rights, obligations, and responsibilities.
• Ensures Clarity and Understanding: The agreement ensures that both the buyer and the seller clearly understand the agreed-upon terms of the sale. It specifies important details such as the purchase price, payment terms, boat condition, warranties, and any additional agreements, leaving no room for ambiguity or confusion.
• Mitigates Risk: The agreement allows for identifying and allocating risks associated with the boat sale. It may include provisions regarding inspections, surveys, or disclosures, which help the buyer assess the boat's condition and minimize the risk of unexpected issues or defects.
• Serves as Proof of Ownership: The agreement is proof of ownership transfer from the seller to the buyer. It provides documentation that establishes the buyer's legal rights to the boat and can be used for registration, insurance, or any future transactions involving the vessel.
• Resolves Disputes: In the event of a dispute, the boat purchase agreement provides a framework for resolving conflicts. It may include provisions for mediation, arbitration, or other alternative dispute resolution methods, reducing the need for costly and time-consuming litigation.
• Aids in Legal Compliance: The agreement ensures that the boat sale complies with applicable laws, regulations, and registration requirements. It helps both parties fulfill their legal obligations, such as transferring the title and registration, and protects against potential legal issues or liabilities.
• Provides Confidence and Peace of Mind: Having a well-drafted boat purchase agreement in place gives the buyer and the seller confidence and peace of mind. They can proceed with the transaction knowing that their rights are protected, the terms are clear, and a legally binding contract governs the sale.

Key Terms for Boat Purchase Agreements

• Purchase Price: The agreed-upon amount the buyer will pay the seller for the boat.
• Boat Description: A detailed description of the boat, including its make, model, year, HIN, and any additional equipment or accessories included in the sale.
• Title Transfer: The process by which the seller transfers legal ownership and title of the boat to the buyer.
• Condition and Warranties: The condition of the boat at the time of sale and any warranties or guarantees the seller provides regarding its condition or performance.
• Dispute Resolution: The agreed-upon method for resolving disputes, such as through mediation, arbitration, or litigation, in case of conflicts arising from the agreement.

Final Thoughts on Boat Purchase Agreements

A boat purchase agreement ensures a smooth and secure boat transaction for both the buyer and the seller. By clearly outlining the terms and conditions of the sale and addressing aspects such as purchase price, boat description, title transfer, condition, warranties, and dispute resolution, this legally binding contract provides both parties clarity, protection, and peace of mind. Whether buying or selling a boat, having a well-drafted boat purchase agreement is essential to mitigate risks, establish clear expectations, and facilitate a successful boat purchase experience. It is advisable to consult with a qualified maritime attorney to ensure that the agreement adequately addresses the unique aspects and requirements of the boat sale.

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ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.

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With 20 years of transactional law experience, I have represented corporate giants like AT&T and T-Mobile, as well as mid-size and small businesses across a wide spectrum of legal needs, including business purchase agreements, entity formation, employment matters, commercial and residential real estate transactions, partnership agreements, online business terms and policy drafting, and business and corporate compliance. Recognizing the complexities of the legal landscape, I am dedicated to providing accessible and transparent legal services by offering a flat fee structure, making high-quality legal representation available to all. My extensive knowledge and commitment to client success establishes me as a trusted advisor for businesses of all sizes.

Ms. Ayub is an attorney licensed to practice in Texas. Before moving to the US, she has a number of years of experience in contract review, analysis and drafting. Ms. Ayub is available to help you with your legal problems, as well as filling LLC and other business entity formation documents. To know more about her practice, please visit https://ayublawfirmpllc.com/.

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I opened Hestia Legal when I was 6 months pregnant with the focus on educating and assisting families in my community. While the majority of my practice revolves around Estate Planning, I have a history of experience with contract and general business agreement drafting, discovery drafting, and general litigation document drafting.

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Torrey Livenick, Esq. is a fourth generation Colorado lawyer. Although she was born in California and raised in Nevada, she spent every summer in Colorado and knew she planned to make Denver her home. After graduating from Bryn Mawr College with a degree in Classical Culture and Society, she returned to Las Vegas to work as a paralegal. Once she spent five years building her skills and confirming her interest, she attended Emory University School of Law. Torrey’s interests include trivia (she even was a contestant on Jeopardy! during her law school days), video games, playing with her cats, and the arts. She is active in pro bono organizations including Metro Volunteer Lawyers.

Haber Law Firm, APC, is a transactional business law firm with a focus on small/mid-market business purchases and sales, outside general counsel, and start-up assistance for businesses in their early stages. Peter Haber started Haber Law Firm, APC after several years as a legal executive at Popcornopolis, a gourmet popcorn brand sold at groceries and stadiums nationwide. In this role, Peter served as the company’s sole in-house legal advisor as it related to all functions of the company’s operations, including dispute resolution, compliance, and employment law, to name a few. With his help and guidance, the company relocated its entire corporate and manufacturing operation, developed a new factory and warehouse, and was successfully acquired by private equity. Prior to this, Peter was a litigator and business attorney with distinguished Los Angeles litigation boutiques. Such matters included the representation of numerous businesses in litigation and in the resolution of pre-litigation disputes as well as the representation of professionals in liability defense matters, including hospitals, physicians, and brokers.

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Free Boat Bill of Sale

This free boat bill of sale or boat sales agreement may be used for the transferring of title (ownership) of either a new or used boat and trailer.

When selling a boat, you may be liable for taxes and your bill of sale is required as proof of the selling price. That fulfills the legal requirement as far as your local authority is concerned.

However! For your own protection, you also need your document to record the provisions and terms of the sale between buyer and seller .

The free boat bill of sale on this page makes provision for recording a single payment and optional holding deposit .

There are also optional clauses addressing the repairs (if any) and which party will be responsible to effect the repairs.

Both these two optional clauses can be found at the end of the boat bill of sale.

We also have the following free legal forms available:

• Boat Installment Sale Agreement - Makes provision for multiple payments
• Limited Power of Attorney - To empower your Agent/Attorney to do a boat transaction on your behalf
• Free Boat Rental Agreement

Please Note: For more tips on buying or selling a boat, please refer to our main Boating page.

• Boat Bill of Sale

THE PARTIES TO THIS AGREEMENT ARE:

THE SELLER:

The parties choose the above stated addresses as their physical addresses at which legal proceedings may be instituted.

THE OBJECT OF THE SALE IS:

The Seller guarantees that he/she is the true and lawful owner of the boat (and motor, trailer, equipment) and that it is free of all mortgages, liens and encumbrances and any and all legal claims.

The Seller warrants that at the date of signature of this agreement there are no licensing fees or fines or other penalties outstanding against the registration of the boat (and motor, trailer, equipment) sold in terms of this agreement and declares under penalty of perjury that all the information contained in this document is to the best of his/her knowledge and belief true and correct.

NO WARRANTIES OR GUARANTEES:

The Seller or his/her agent gives no warranty or guarantee other than those specified above.

DISCLAIMER:

The boat (and motor, trailer, equipment) is sold "As-Is" and the seller shall not be liable for any defects, patent, latent or otherwise.

The Buyer admits having inspected the boat (and motor, trailer, equipment) to his/her satisfaction and that no guarantees or warranties of any nature were expressed or implied by the Seller or his/her agent regarding the condition or quality thereof.

Both parties declare to be of legal age and legally competent to enter into this agreement.

TRANSFER OF OWNERSHIP AND COSTS:

The Parties agree to sign all documents necessary to transfer ownership of the boat (and motor, trailer, equipment) from the Seller onto the name of the Buyer within 5 (FIVE) days of signing this agreement of sale.

The Buyer shall be liable for all costs relating to the registration of the boat (and motor, trailer, equipment) into his/her name and any other costs involved.

PURCHASE PRICE:

The Purchase price is the sum of ______________________

(__________________________________________________________)

The Purchase price is to be paid in full by bank guaranteed check or in a manner as agreed by both parties (specify) ___________________________________________

Ownership and possession of the boat (and motor, trailer, equipment) will only pass onto the Buyer once the bank honors the check or other legal instrument of payment.

POSSESSION AND TRANSFER OF RISK:

The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the boat or takes possession of the boat (and motor, trailer, equipment).

JURISDICTION:

The parties consent to the jurisdiction of the magistrate's (other ________________) court for the district of ______________________

Signed at ______________________on this ______day of _________________20____

SELLER: ______________________________

1. WITNESS____________________________

2. WITNESS ____________________________

BUYER: _______________________________

Note: If the seller is responsible for any repairs to be made prior to the transfer of ownership, it must be specified in your boat bill of sale and it can be done by adding the following:

The Seller agrees to do the following repairs to the boat as specified in this agreement:

The Seller further agrees that the deadline to effect all the above listed repairs will be done by the following date __________________20______.

The Parties agree that should the above repairs not be done by the deadline as stated the buyer is relieved of all obligations in terms of this agreement and any and all monies paid by the Buyer to the Seller must be refunded in full within ______ days from the deadline, unless the Buyer has granted an extension to the deadline in writing.

Note: You may wish to specify the terms of payment and details of the holding deposit if the buyer still has to get finance in place, by adding the following clause to your boat bill of sale:

TERMS OF PAYMENT:

The Seller acknowledges that a holding deposit in the sum of _____________ was received on _____________20____.

The Buyer agrees that the balance of the Purchase price in the sum of ________________ must be paid by ______________20____.

The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in above, the Buyer will have no further claims to the boat described in this agreement and the Seller is relieved of all obligations in respect of this agreement.

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This bill of sale is between (the "Buyer" ), of , , ,  and (the "Seller" ), , , , .

The parties agree as follows:

1. SALE OF BOAT.

• (a) The Seller hereby sells to the Buyer and the Buyer purchases from the Seller, the following boat (the "Boat" ):
• Location:   , 
• Registration No.:  
• Hull I.D. No.:
• General Boat Type:  
• (b) As part of this sale, the Seller hereby sells to the Buyer, and the Buyer purchases from the Seller, the following motor(s) (the "Motor(s)" ) and equipment (the "Equipment" ), which are contained in and will be transferred as part of the Boat: .

2. PURCHASE PRICE.

On or before the Delivery Date (as defined in section  6 7 below), in exchange for the sale of the Boat (including the Motor(s) and Equipment), the Buyer shall pay the Seller the purchase price of $ (the "Purchase Price" ).

3. SELLER'S REPRESENTATIONS.

The Seller represents to the Buyer that:

• (a) the Seller has good and marketable title to the Boat, with full authority to enter into the transactions contemplated by this bill of sale and to sell the Boat in accordance with this bill of sale; 
• (b) the Boat is free of all encumbrances, liabilities, and adverse claims ; , except held by  , and held by  , and held by  , held by  , and held by  ;
• (c) the Seller will fully indemnify the Buyer from any lawful adverse claim to the Boat ; and except for any claim of   or   or   or   or named in (b) above; and
• (d) to the best of the Seller's knowledge, the information disclosed in this bill of sale about the Boat and its title are correct in all material respects.

4. BUYER'S REPRESENTATIONS.

The individual signing this agreement on behalf of the Buyer represents to the Seller that he or she has the power and authority to complete this transaction on behalf of the Buyer.

4 5 . NO OTHER REPRESENTATIONS.

Except for the representations provided in section 3, the Buyer acknowledges that the Boat is being sold "as is," without warranty, whether express or implied, about the condition of the Boat. The Buyer must satisfy itself as to what is offered for sale, and by purchasing will be held to have satisfied itself that the Boat is satisfactory in all respects. All defects and repairs are the sole responsibility of the Buyer. The Seller neither assumes, nor authorizes any other person or entity to assume on its behalf, any liability in connection with the sale of the Boat. The Seller's disclaimers of warranty do not affect the terms or applicability of any warranty from the Boat's manufacturer that may be applicable to the Boat.

5 6 . SURVEY.

The Boat, its Motors, and Equipment have   not been inspected by marine surveyor within the last year. A copy of that inspection report is attached to this bill of sale.

To the best of its knowledge, the Seller believes that the Boat and its Motors and Equipment are being sold in good operating condition , except for the following defects: .

  6 7 . DELIVERY OF BOAT.

The Seller shall deliver the Boat, and the Buyer shall take possession of the Boat, at (the "Boat Location" ) on or before (the "Delivery Date" ). The Seller shall ensure that the Boat is delivered in the same condition as the Buyer's last survey (or, if no survey was conducted, as of the effective date of this bill of sale, as defined in section 9 10 ). The Buyer, either itself or through a third party, shall appear at the Boat Location during standard business hours on the Delivery Date to remove the Boat. If the Buyer does not appear at the Boat Location on the Delivery Date to remove the Boat, the risk of loss of the Boat passes to the Buyer.

  7   8 . CONVEYANCE OF TITLE.

The Seller shall convey title to the Boat to the Buyer when the Boat is delivered to the Buyer and the Purchase Price has been paid in full. The Seller shall execute all documents presented by the Buyer that are necessary to finalize transfer of title and registration of the Boat to the Buyer. The Buyer is liable for all costs relating to the registration of the Boat into its name.

8 9 . CANCELLATION OF INSURANCE AND TAGS.

Unless prohibited by applicable law, the Buyer will cancel any insurance coverage, license, tags, plates, or registration maintained by the Seller on the Boat when the Buyer takes possession of the Boat.

9 10 . EFFECTIVENESS.

This bill of sale will become effective when all parties have signed it. The date this bill of sale is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this bill of sale.

10 11   . ADDITIONAL TERMS OF SALE.

[SIGNATURE PAGE FOLLOWS]

Each party is signing this bill of sale on the date stated opposite that party's signature. 

Free Boat Bill of Sale Template

How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.

Boat bill of sale: How-to guide

This article is of significant importance if you want to gift or buy a boat. In simple terms, a bill of sale (BOS) is a document that conveys the change of ownership from a seller to a buyer.

A boat bill of sale, in turn, is a contract that specifies certain terms of sale, including the buyer's and seller's names, boat identification, and price considerations. More generally, its role is to document the details of the boat sale and formalize the transfer of ownership.

Why is a boat bill of sale important?

Essentially, the boat bill of sale is a legal document that establishes several relationships and processes.

• Firstly, it is a formal document confirming the purchase of a boat by the said buyer.
• Secondly, the bill of boat sale is proof of ownership, meaning the buyer can register a purchased boat with the appropriate measures.
• Thirdly, as the bill is an agreement form, it frames the possible future dispute resolution procedures.
• Fourthly, the bill can provide dispute management with factual and formal reasoning.

Therefore, all parties in a boat sale need to understand the contents and purpose of the bill of sale.

When is a boat bill of sale required?

Private sales : As long as a boat is sold privately between members of the public, a boat BOS is always required to mediate the transaction and formal transfer of ownership.

Dealer sales : Involving a dealer in the transaction does not negate the need for a bill of boat sale as it will still provide clear information regarding terms of sale and documentation of the sale.

Gift and donation : Even when a boat is demoted or given as a gift, there will be a bill of sale to ensure that the transfer of ownership is on paper to avoid future misunderstandings.

Why is it necessary to be accurate and specific?

While selling or buying a boat, being correct and professional is of utmost importance. Essentially, the importance of the bill of sale form can stem from there:

• The legal validity of the document depends on how accurate and complete the information is, and the lack of it, as well as mistakes, can void the agreement and result in legal issues;
• The transfer of ownership can be completed only if specifications, buyer and seller information, and sales terms are accurate. Otherwise, some or all ownership rights may be questioned;
• Boat registration  in Florida, Illinois, Texas, and other states and cities is possible only based on a legitimate bill of sale, and any inaccuracies lead to rejection and delay;
• Financial aspects of the transaction, including the amount paid, timetables, and additional conditions, can lead to disputes-related payment.

It is essential for both a buyer and a seller to ensure the full accuracy and understanding of the bill of sale; if necessary, a lawyer’s consultation may be required.

What is the process for a boat bill of sale?

Navigating the process of boat BOS is only possible through adequate preparation and information, as outlined below:

1. Gathering the right information

Before filling out a boat bill of sale, one should ensure they have all the necessary information. An itemized checklist ensures that no sensitive information is left out:

• Boat details : Information on the boat, such as the make and model year, must be accompanied by the hull identification (HIN) and registration numbers. Any other additional features must also be included.
• Buyer and seller information : It is important to get accurate information about the seller, such as their complete name, address, phone number, and driver's license number.
• Sale terms : Information on the terms for sale, including price, the method of payment, finance, and any other deals.
• Legal requirements :   The data must comply with the law, and incorrect or incomplete information would invalidate the bill of boat sale.
• Registration purposes : Most states require specific data to facilitate boat registration. Having all the data ensures that the buyer can go ahead and use it without any issues.
• Financial clarity : Having all the data regarding financial transactions will enable every person to understand the circumstances surrounding the sale, thereby reducing the potential for misunderstanding and disagreement.
• Documentation accuracy : Making sure all required information is included during registration facilitates quick detection and correction of any problems in the sales bill.

2. Filling in the bill of sale form

Completing the boat bill of sale form involves carefully filling in all the information and diligently following instructions.

• Purchase price : The amount of money the boat is being purchased at by the buyer.
• Seller’s representations : Where the seller attests to having all legal permissions to sell the boat, and it is not subject to any claims or liabilities.
• Survey : This transaction is completed to validate the health check of the vessel and confirm that it runs smoothly.
• Delivery of the boat : State the exact time and place for the boat’s delivery by the seller to the purchase.
• Conveyance of title : Where the new owner received the boat from the seller.
• Cancellation of insurance and tags : The buyer is at liberty to void any insurance, plate tags, registration, or license filled by the seller as soon as the boat is delivered.

3. Including signatures

Both the buyer and the seller must sign the form to ensure that the agreement and transfer of property ownership are legally binding. Witnesses or notaries can validate the signatures and add more weight to the legality of the document.

4. Adding in the relevant dates

There should be a date on which the transaction was completed. Verify that the selling date is accurately entered on the form. To make sure there is no confusion, confirm that this date matches the other transactional data, such as the agreement forms.

5. Recording all the information

A copy of the completed form on the bill of sale should be retained by both buyer and seller for future use. Put the paper away in a spot that is both secure and convenient. Both the sellers and the purchasers may ensure a successful and legal purchase of a boat through the use of this Boat BOS form by carefully following the instructions and paying attention to the details.

What are the laws governing the boat bill of sale?

Understanding the laws and regulations regarding boat sales and purchase is critical to ensuring a valid transaction. Some of the laws that regulate boat sales and purchase in the US are:

Federal laws : Federal boat sales regulations exist, such as the  Federal Boat Safety Act  (FBSA), which mandates that boat manufacturers’ products must meet certain standards and requirements. Other federal boat sales laws include those governing maritime safety, environmental protection, and vessel documentation and flagging.

State laws : The state in which the transaction is taking place has various state-specific regulations and boat sales laws. These laws may include requirements for—the registration of boats, jurisdiction, the transfer of ownership, taxation of boats, and others.

Additionally, many states have their regulations concerning boat transactions. Therefore, depending on different states’ rules and requirements, people making purchases or sales involving boats may consider the following:

• Boat registration : State registration of a boat requires vessel registration with the appropriate state agency and proof of ownership. The registration fees must also be paid. The title transfer needs to include the state in which a boat title is issued, and the parties must document the change of ownership appropriately.
• Sales tax : is not uniformly required in all states, but it must be considered by both purchasers and sellers who have tax obligations to the state.

Finally, the boat bill of sale process ensures that the law is followed, due diligence is done, and documentation is completed. We also reviewed the form's requirements, how to fill it out, and the need for due diligence to streamline the processing of the transaction. To avoid potential obstacles and disagreements, it is necessary to have a thorough awareness of the various transaction situations.

Frequently asked questions

What's a boat bill of sale.

A boat bill of sale is like a receipt, transferring property from seller to buyer. A warranty is an extra promise that what's being sold is legally the seller's to part with. So, with a warranty, a boat bill of sale transfers ownership of a boat from one captain to another.

Here's the information you'll need to have handy to complete your boat bill of sale:

• Who the buyer is : Have the name and contact information of the buyer ready
• Who the seller is : Have the name and contact information of the seller, who is probably you or your company, ready
• Boat's identifying information : Know the make, model, length, year, registration or document number, hull identification number, and type of boat being bought

Why do you need a boat bill of sale?

A boat bill of sale is necessary to legally document the transfer of ownership of a boat from one party to another, providing both buyer and seller with proof of the transaction and protecting their interests by outlining the terms and conditions of the sale.

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Buying & Selling Advice

Nearly 90 million adults in the United States participate in boating each year — that's more than a third of the adult population who enjoy getting out on the water. Every year nearly 1.5 million Americans buy a new or used boat, ranging from large yachts to small cruisers to canoes. The Boat Buyers Guide from BoatUS is designed to make it easier for you to buy a boat by explaining the sometimes-confusing process and pointing out the areas that can trip up a buyer.

BoatUS has helped buyers make wise decisions for more than 50 years. Whether you’re an old salt moving up to a bigger boat or a new boater looking to buy your first vessel, the information in this guide can help you ensure the transaction goes smoothly.

Boat Buyers Guide

Where to find a boat.

This is the fun part — looking at different boats to find one that fits your needs and your budget.

About Used Boats

Personal finances are often a key factor in the decision to buy a new or used boat.

Avoiding Buying And Selling Scams

Many of the scams we see today are variations on old tricks that have been around for decades.

Determining Condition And Value

No one wants to overpay for a boat, so how can you get a good idea of its worth?

Sales Contracts

Whether you buy a new or a used boat, the best way to protect your interests is to outline the terms of the sale in writing.

Extended Service Contracts

Extended service contracts may or may not be a good value depending on your situation and who is underwriting it.

Do I Need Boat Insurance?

You're probably not required by law to carry boat insurance, but that doesn't mean you don't need it.

Avoiding The Boat Insurance Blues

Five ways that some boat insurance policies fail to live up to expectations.

After The Sale Details

You've found the boat of your dreams, the price is right, and you've paid the seller. So the boat is yours free and clear — or is it?

Additional Boat Buying Resources

• Find A Marine Surveyor
• BoatUS Purchase Agreement
• U.S. Coast Guard Bill of Sale (CG-1340)
• Apply for a Boat Loan

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