3 Reasons Why You Should Use A Boat Bill of Sale Form Before You Buy or Sell a Used Boat

By: Darren J King

When buying or selling a second-hand boat it is important to use a boat bill of sale form. 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 completing a boat bill of sale form, it is advisable to include the following;

1. the name and current address of the buyer.
2. the name and current address of the seller.
3. a complete description of the vessel, as well as the make, model and HIN.
4. the amount of money paid for the boat.
5. the date on which the boat was sold.
6. signatures of both parties.

Most states in the US will ask you to provide a boat bill of sale form before you can register the boat in your name. It is likely that each state will have varying requirements by which the registration occurs, however the basic information listed above is the bare minimum that you will be asked to provide.

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 to a new owner. Any fines incurred or monies owed on the vessel after this time now become the responsibility of the new owner. Similarly the buyer is protected as they can document the date at which they bought the boat and anything that happened before this time can be traced back to the previous owner.

It is advised that every boat or other watercraft sold privately be documented using a boat bill of sale form.

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Darren J 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 www.BoatBillOfSale.org

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