Bill of Sale (Boat)
A Bill of Sale (Boat) is used to outline the transaction details between the parties. The Bill provides information of the buyer and seller, so that they are both able to retain that information for any legal or other ramifications that may arise from the sale of the boat.
4.1 (25 reviews)
Last updated December 19, 2024
Under 5 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
The Bill provides the information of the buyer and the specifics of the sale to the seller when going through with a transaction. The Bill also provides information of the boat that is being sold, so that the purchaser can seek out and information to check against regulatory reports and so on. This document will ensure that all of the information needed for the sale of your boat is provided for both parties, and that the specifics of the agreement are are agreed to. Your vessel transfer requires that you inform your state’s relevant motorboat department’s and other local agencies so that the transfer of the vessel can be carried out efficiently. A Bill of Sale for a Boat will allow you to ensure that the transfer of your vehicle will be as smooth as possible.
Use this Bill of Sale (Boat) if:
- If you want to sell your boat
- If you want to keep track of the other parties information during the transfer process
- If you want to effectively transfer ownership of your boat
What does the Bill of Sale (Boat) cover?
- The purchase price;
- The details of the parties involved;
- The agreements of the bill; such as allowances for tax and government ownership measures;
- All details of the boat, such as the Hull Identification Number (HIN);
- Warranties, insurance, etc.
Other names for Bill of Sale (Boat) include:
- Boat Bill of Sale
- Watercraft Bill of Sale
- Vessel Bill of Sale
- Boat sales contract
The Legal Risk Score of a Bill of Sale (Boat) Template
Our legal team have marked this document as low risk considering:
- The document places the responsibility on the buyer to independently verify the condition of the vessel through inspection, which might expose the buyer to unforeseen issues if not diligently executed.
- The seller’s warranties are limited only to their knowledge and possession period, potentially leaving the buyer vulnerable to undisclosed or unknown issues with the vessel’s history or condition.
- The agreement specifies that any amendments must be in writing and signed by both parties, which could restrict the flexibility to adapt or address issues that arise post-signing in a timely manner without formal amendments.
Bill of Sale (Boat) Checklist
Complete your free Bill of Sale (Boat) with our checklist
Confirm Payment Transfer
Ensure that the payment for the vessel as stipulated in the document has been fully transferred and received by the seller.
Document Execution
Both parties should sign the Bill of Sale on the designated date to formalize the transfer of ownership and ensure its legal binding effect.
Vessel Inspection
Arrange for the vessel to be inspected by an independent mechanic within the timeframe allowed, to confirm the condition of the vessel as agreed upon.
Title Transfer and Registration
Complete the necessary steps to transfer the title and register the vessel in the buyer's name to ensure legal compliance and proper ownership documentation.
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