A Watercraft Bill of Sale is a crucial legal document used whenever ownership of a boat or watercraft changes hands in the United States. This document serves multiple purposes: it provides proof of ownership transfer, helps with vessel registration, and may be required for insurance purposes. The document must include specific information such as the Hull Identification Number (HIN), vessel specifications, purchase price, and both parties' information. State requirements vary, with some requiring notarization or witnesses. A properly executed Watercraft Bill of Sale protects both buyer and seller by clearly documenting the terms of the transaction and complying with relevant maritime laws.
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1. Parties: Identification of buyer and seller including full legal names, addresses, and contact information
2. Vessel Description: Detailed description including make, model, year, Hull Identification Number (HIN), registration number, length, and other identifying characteristics
3. Purchase Price: Statement of the agreed purchase price, payment method, and terms of payment
4. Transfer of Title: Clear statement transferring ownership from seller to buyer
5. Warranties and Representations: Seller's declarations regarding vessel condition, outstanding liens, and clear title
6. Signatures: Signature blocks for buyer and seller with date of execution
1. Witness Section: Space for witness signatures when required by state law or requested by parties
2. Notarization Block: Section for notary authentication when required by state law or preferred by parties
3. Contingencies: Specific conditions that must be met before the sale is considered final
4. As-Is Clause: Statement that the vessel is being sold in its current condition without warranties
1. Schedule A - Equipment Inventory: Detailed list of all equipment, accessories, and personal property included in the sale
2. Schedule B - Maintenance Records: Documentation of vessel maintenance history and recent inspections
3. Schedule C - Registration Documents: Copies of current registration, title, and other relevant documentation
4. Schedule D - Vessel Photos: Photographs documenting the condition of the vessel at time of sale
Relevant legal definitions
Clauses
Relevant Industries
Marine/Boating Industry
Recreational Sports
Tourism
Commercial Fishing
Relevant Teams
Legal
Sales
Operations
Finance
Documentation
Compliance
Relevant Roles
Marina Manager
Boat Dealer
Maritime Attorney
Harbor Master
Vessel Documentation Specialist
Marine Insurance Agent
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