Do I Need a Bill of Sale for my Boat?
In a number of states having a valid bill of sale for a boat is an essential step to registering your vessel. However, even in jurisdictions where this isn’t the case, it is still worthwhile to complete your transaction using this kind of sales slip.
The bill of sale also gives the boat buyer and seller a number of protections. First of all, as the details of the craft and the sale are included in the signed document, it allows both parties to contest a fraudulent transaction.
It also provides clear evidence that the ownership of the boat has been transferred so that no disputes can arise over who is responsible for the vessel.