How Handwrite a Boat Bill of Sale the Right Way

Are you a boat owner? Writing your own boat bill of sale might seem like an intimidating task, but it doesn’t have to be. Knowing what should and shouldn’t go into a boat bill of sale is essential for getting the job done right, from start to finish. Vessel documentation is our business, and, while a bill of sale isn’t applicable to documented vessels, we can help. In this blog, we’ll outline the steps needed to complete your very own hand-written bill of sale. 

What Is A Boat Bill Of Sale And Why Might Someone Need One

If you’re buying or selling a boat, you might need a boat bill of sale. This legal document records the transfer of ownership from one party to another. It includes important information about the boat, such as the make and model, hull identification number, and purchase price. It also outlines the specific, exact terms of the sale. That way, there’s a legal record of what both parties agreed to.  Having a boat bill of sale can protect both the buyer and the seller, as it provides evidence of the transaction and can be used in case of disputes or legal issues. Whether you’re buying or selling a non-documented vessel, it’s always a good idea to use a boat bill of sale to ensure a smooth and legal transaction.

Common Mistakes To Avoid When Creating A Boat Bill Of Sale

When it comes to creating a boat bill of sale, there are a few mistakes that you want to avoid. One of the biggest mistakes is not including all of the important information that needs to be included in the bill of sale. This can lead to disputes and legal issues down the line. Another mistake to avoid is not getting the paperwork signed by all parties involved. This can also lead to legal issues and could invalidate the bill of sale altogether. Lastly, it’s important to make sure that you are using the correct language and terminology in your bill of sale, as this can impact its validity in a court of law. So, if you’re in the process of creating a boat bill of sale, be sure to double-check for these common mistakes and avoid them at all costs.

Remember: Documented Vessels Can’t Be Sold With a Bill of Sale 

If your vessel has been documented with the Coast Guard, you can’t sell it with a bill of sale. Instead, you are able to use the “Transfer/Exchange” form right here at our site. Keep in mind, however: you cannot sell a documented vessel if there’s an outstanding mortgage against the vessel. Your options, then, are either to satisfy the mortgage or to get the approval of the mortgagee/lender. 

Boat Bill of Sale

Our Vessel Documentation Site is Here to Help 

Many of our long-time clients come to us originally because they purchased a non-documented vessel and wish to register it. We can help with that as well as just about every other part of vessel documentation. You can find all of the forms you may need for the course of vessel ownership right here at our site.