When buying or selling a second-hand boat it is a good idea to use a boat bill of sale form. This 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. As a guideline, when recording a sale using a bill of sale form, the following details should be noted; 1. the name and current address of the buyer. 2. the name and current address of the seller. 3. a thorough description of the boat, as well as the make, model and HIN. 4. the price at which the boat was sold. 5. the date on which the boat was sold. 6. signatures of both parties. Many states in the US will need you to provide a boat bill of sale form before being allowed to register the boat. Each state will have a slightly different process by which the registration occurs, but the details listed previously are the bare minimum that you will be asked to provide. When correctly documented, a bill of sale form provides protection and security for both the buyer and seller. The seller can now prove the date at which the sale took place and the title was transferred. Any fines incurred or monies owed on the boat after this date now become the responsibility of the new owner. Likewise the buyer is protected as they have a record of the date at which they obtained ownership of the vessel and anything that happened before that date can be shown to be the result of the previous owners actions. All buyers and sellers of second-hand boats are urged to utilise a bill of sale form for their own protection and peace of mind.
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When buying or selling a second-hand boat it is a good idea to use a boat bill of sale form. This 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.
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 http://www.BoatBillOfSale.org
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