The Used Boat Bill of Sale is a crucial document in marine vessel transactions, serving as official proof of purchase and transfer of ownership. This document is required in all U.S. states for boat ownership transfers and is often necessary for registration with state maritime authorities. It protects both buyer and seller by clearly documenting the terms of sale, vessel condition, and transfer of title. The document includes vital information such as the Hull Identification Number (HIN), registration numbers, purchase price, and any warranties or disclaimers. Some states may require additional documentation or notarization of the Used Boat Bill of Sale for legal validity.
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1. Parties: Identification details of the seller and buyer, including full names, addresses, and contact information
2. Vessel Description: Detailed description of the boat including make, model, year, Hull Identification Number (HIN), registration number, length, and type
3. Purchase Price and Payment: The agreed purchase price, payment method, and terms of payment including deposits if applicable
4. Warranties and Representations: Seller's declarations regarding vessel condition, ownership, liens, and title status
5. Transfer of Title: Terms regarding the transfer of ownership and registration documents
6. Signatures and Date: Space for dated signatures of both parties and witness signatures if required
1. Inspection Clause: Terms for pre-purchase inspection and survey, including timeframe and conditions
2. Financing Contingency: Conditions and terms related to buyer securing financing for the purchase
3. Equipment and Accessories: Detailed listing of equipment, accessories, and personal property included or excluded from the sale
4. As-Is Clause: Statement that the vessel is being sold in its current condition without warranties
5. Governing Law: Specification of state law governing the agreement
1. Schedule A - Equipment Inventory: Comprehensive list of all equipment, accessories, and personal property included in the sale
2. Schedule B - Maintenance Records: Documentation of vessel's maintenance history and recent repairs
3. Schedule C - Survey Report: Recent marine survey report if available
4. Schedule D - Registration Documents: Copies of current registration, title, and other relevant documentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Marine Industry
Recreational Sports
Tourism
Commercial Fishing
Relevant Teams
Legal
Sales
Operations
Finance
Compliance
Relevant Roles
Marine Dealer
Harbor Master
Maritime Attorney
Boat Broker
Marina Manager
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