Its function is to consolidate all the information regarding the sale or gift of a watercraft thus creating a receipt for the purchase.
Boat hull bill of sale. A boat bill of sale is a document that is used in transactions involving the sale of boats and other water vessels. New and used models for sale. Ad Luxury Cobalt Boats in Lake Geneva WI.
Also the seller and buyer agree that the vehicle is sold as is. The new owner will need the document in order to register with the Parks and Wildlife Office. Be sure to provide the Buyer with a copy of this document and retain one for your records.
Boat Bill Of Sale Print name I _____ sell transfer convey all rights title and interest to the following boat or boat and motors. A bill of sale for a boat is the authorization given from one party to another of watercraft and related to water substances these may be motorized or non-motorized. After entering the details of the transaction the bill of sale should be authorized on the day the items isare traded for monetary funds.
Depending on the jurisdiction in which the Buyer lives he or she may need to pay sales tax or personal property tax on the boat being purchased. A bill of sale helps protect the buyer from accusations of fraud by showing proof of payment in good faith while also protecting the Seller if any. The right documents must accompany any transaction involving the sale of boats.
Whether purchasing or selling a boa a bill of sale must be included in the transaction. An applicant may register the boat online or in person with the following forms. It contains vital information regarding the seller and the buyer of the vessel.
The bill of sale must be brought to the license office in your probate county office. The boat bill of sale is the primary document used for this purpose. Boats in Alabama 1972 and newer are required to be registered with a 12 digit hull number.