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VESSEL BILL OF SALE I, ON THE DAY OF 20, DO HEREBY SELL ALL MY RIGHTS AND INTEREST IN THE VESSEL DESCRIBED AS VESSEL NUMBER HULL IDENTIFICATION NUMBER MAKE YEAR LENGTH PROPELLED BY (OUTBOARD, INBOARD,
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How to fill out vessel bill of sale
How to fill out vessel bill of sale:
01
Obtain the vessel bill of sale form: Start by obtaining a vessel bill of sale form from your local Department of Motor Vehicles (DMV) office or download it from their website if available.
02
Provide accurate vessel details: Fill in the necessary information about the vessel being sold, such as its make, model, year, hull identification number (HIN), and registration number.
03
Include buyer and seller details: Enter the full legal names, addresses, and contact information of both the buyer and the seller. Ensure the accuracy of these details to avoid any future discrepancies.
04
State the purchase price: Specify the agreed-upon purchase price for the vessel. It is important to include the currency used, such as dollars or euros.
05
Describe any existing liens or encumbrances: If there are any existing liens or encumbrances on the vessel, provide a detailed description of them in the bill of sale. This is crucial for the buyer to be aware of and possibly address during the sale.
06
Signatures and notarization: Both the buyer and the seller must sign the vessel bill of sale form. To ensure legality and authenticity, consider getting the document notarized by a public notary.
Who needs a vessel bill of sale:
01
Boat buyers: Any individual or entity purchasing a boat or vessel should obtain a vessel bill of sale. It serves as legal documentation of the ownership transfer and helps protect the buyer's rights.
02
Boat sellers: Sellers are also required to have a vessel bill of sale. It serves as proof that the boat has been sold and transferred to a new owner, releasing the seller from any liability associated with the vessel.
03
Government agencies: Various government agencies, such as the DMV, may require a vessel bill of sale as part of their registration and documentation processes. Having a complete and accurate bill of sale can help ensure a smooth and efficient transaction with the authorities.
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