What Should a Boat Bill of Sale Contain?

A boat bill of sale form is a type of document that is used for transferring a boat trailer or boat transfer to a buyer from a seller. It saves headaches for buyers as well as seller, and includes all the necessary details to ensure that there are no pitfalls in the future. A proper boat bill of sale should comprise of important information. For more information about getting a bill of sale in TN, please visit this website.

Identification details

A bill of sale for a boat needs to include all the addresses and names of buyers and sellers. These details can be useful for identifying the boat / boat trailer that is going to witness a change in ownership.

Location

The free printable bill of sale paper should also mention the location of the boat that is witnessing a transfer in ownership.

Payment details

It should have the payment information for the boat, with the cost being mentioned in the form of dollar or the type of currency of the nation of the seller/ buyer.

Specifics

The document must also include all the specific details about the boat, including General Boat Type, HIN or Hull ID Number / Serial No., Document Number, CF, Registration, length, year, model, boat make etc. The HIN on the boat must be the same as on the registration and title. There should also be a description of the engine of the boat. The bill of sale must include a description about the equipment.

Warranty of Ownership

This indicates that the seller assures he is the legal and actual owner of the boat that is being transferred. It means that there are no offsets, encumbrances or legal claims on the boat. It also signifies that the seller warrants he will protect the purchaser against legal claims (if any) and demand anything related to the bill of sale. The blank bill of sale form document stands for a commitment on the part of the seller to make sure that the rights of the buyer are legally protected. It also makes sure that the person selling the boat will bear the liability to deal with demands or claims (if any) associated to the sale.