What is a Bill of Sale?
A Bill of Sale is a special document that records the transaction between two or more individuals. If you are a seller, this bill shows you the date when the vessel was sold and the basic information about the purchaser. If you are a purchaser, the document gives you general data about the vehicle. The Bill of Sale is not the proof of ownership whereas a title transfer is.
What is the Bill of Sale for?
This document is important both for the buyer and the seller as it legally declares the transaction of a vehicle. Check out the sample of this document on our site and try to fill it out with all available editing tools.
When is the Bill of Sale Due?
The due date of the Bill of Sale must be determined by the parties that take part in the transaction. There is now a specific deadline for all common forms.
Is the Bill of Sale Accompanied by Other Documents?
Sometimes it is required to attach a title transfer to confirm the ownership of the vehicle.
What Information do I Include in the Bill of Sale?
The following information must be provided in the Bill of Sale:
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Vessel name;
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Official number or ID;
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Names and addresses of purchasers and interest transferred to each;
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Signature of the seller;
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Vessel data: builder, builder’s hull number, former alien registrations, former names, former motorboat numbers, dimensions.
Where do I Send the Bill of Sale?
Provide this Bill of Sale to whom it may concern. Keep its copy for your own record.