Have you been wondering “Can a boat bill of sale be handwritten?” And why are they so important anyway? For many owners of undocumented vessels, understanding what a bill of sale entails is essential not only for your legal protection but also for ensuring a safe process when buying and selling vessels. Knowing this information can help ensure that any transaction is both amicable and valid in the eyes of the law. Our site has all of the information you’ll need to sell documented vessels, but if you’re selling an undocumented vessel, this blog may be able to help.
What is a Boat Bill of Sale and What is it Used For
A boat bill of sale is a legal document that outlines the transfer of ownership of watercraft from one person to another. This document serves as proof of the sale and purchase transaction and is necessary for registration and licensing purposes. Besides, it includes information about the boat’s make, model, year, and any existing liens or encumbrances. It is essential to have a bill of sale when buying or selling a watercraft to prevent any legal issues that may arise in the future. It protects both the buyer and the seller, and having one creates a transparent and smooth transaction. It is crucial to ensure that all the essential elements of a boat bill of sale are included to avoid potential legal issues.
So, Can a Boat Bill of Sale be Handwritten?
Absolutely! That said, there are some important aspects to consider. If you choose to handwrite the Bill of Sale, make sure it includes the boat’s make, model, year, hull identification number, and registration number, as well as the seller and buyer’s names and addresses. It should also list the sale price, any warranties or guarantees, and any contingencies such as sea trials or inspections. Additionally, it is a good idea to include a clause stating that the seller guarantees they have the legal right to sell the boat. It’s also a good idea to have the document notarized or witnessed by a third party to add an extra layer of legal protection. By following these simple steps, you can ensure that your boat bill of sale is legally binding and provides peace of mind for all parties involved.
Selling a Documented Vessel
At our vessel documentation site, you won’t find any forms for a bill of sale for a boat. There are multiple reasons for that: there is no set form and only a “Transfer/Exchange” form can be utilized to facilitate the sale of a documented vessel. That form you can find at our site. Remember: you can only complete the sale of a documented vessel if any mortgages have been paid off (or you have the permission of the mortgagee/lender). To find all of the different vessel documentation forms that we offer to help vessel owners just like you, we invite you to peruse the rest of our site.