Are you buying or selling a boat? If you are doing either, it is vital to document the transaction properly. One vital document that you must have is the boat motor bill of sale. It serves as a legal record. What details must it include?
Why is a Boat Motor Bill of Sale Important?
It is vital because it serves as proof of ownership for the buyer. Without it, you, as the buyer, may have difficulty registering the boat motor with the appropriate authorities. It could lead to legal issues down the road. This document can also protect you and the seller in case of any disputes that may arise after the sale.
For instance, if you claim that the boat motor is not functioning properly or that the seller misrepresented its condition, you can use this document as evidence to resolve the dispute.
What Details It Must Contain?
It must contain basic details about you, as the buyer. It must also include the details about the seller and the boat motor being sold. Here are the facts that must be part of the document:
- Names and contact information of the buyer and the seller
- Description of the boat motor being sold, including the serial number, model, make, and year.
- Purchase price and payment terms
- Warranties or guarantees provided by the seller
- Date and location of the sale
- Signatures of both parties (buyer and seller)
It is vital to ensure that all the details in the document are accurate and complete. Errors could lead to complications during the registration process.
Can You See this Document When Conducting a Vessel Documentation Search?
This document is not typically included in a boat documentation search. Vessel documentation is focused on registering and documenting the ownership and history of a boat or a vessel. This document is used to transfer ownership of a boat motor from one party to another.
A documentation service may be able to assist you with completing it. However, it is not included in the search for boat documentation records. If you require assistance, it is best that you work with an attorney who can provide you with the appropriate legal documents and guidance.
Is It Needed When Applying for USCG Certificate of Documentation?
It is not required when you apply for a USCG Certificate of Documentation. However, the USCG needs a bill of sale for the transfer of ownership of the boat. This is different from the documentation process. But it is always a good idea to keep accurate records of all sales, including the things related to the boat motor, for legal and insurance purposes.
Are You Applying for a USCG Certificate of Documentation?
If you are, then let our company help you. Our services will make the process of documenting your boat with the USCG a lot easier. You can download the documentation forms so you can fill them out and send them to us. For more information about our services and how to obtain a boat motor bill of sale, please contact us today.