Boat Bill of Sale - Maine

What Is a Maine Boat Bill of Sale?

A Maine Boat Bill of Sale, also known as the Maine Watercraft Bill of Sale, is a document that the seller and the purchaser use to formalize the transfer of ownership of any motorized or non-motorized vessel. This is one of the essential documents that make the transaction involving new, used, or handmade boats legitimate. It demonstrates the agreement of the parties, proves the payment took place and protects the seller and the buyer from any potential disputes or problems in the future. The importance of the form is overlooked sometimes; but, since selling or buying a boat is a major financial transaction or investment for many individuals, it is highly recommended to draft a bill of sale.

You can create your own Watercraft Bill of Sale using our customizable online template or download a ready-made one below. The parties may negotiate the terms and conditions of the sale and purchase. Generally, the template includes the parties' personal information, description of the vessel (its make, color, year, model, identification number), date, location, and price of the sale, seller's disclosure, and signatures of the parties, or their legal representatives. If the sale includes a trailer or an outboard engine, mention it in the document.

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Maine Boat Bill of Sale
This Bill of Sale has been made on ________________, _____, in the County of
________________, in the ​ S tate of Maine ​ b etween the following parties:
________________________________ (hereinafter referred to as the "Buyer") with a
mailing address of ______________________________________________________,
and ________________________________ (hereinafter referred to as the "Seller")
with a mailing address of _________________________________________________
_____________________________________________________________________.
Purchase Price
The Buyer agrees to pay $___________________, which include Municipal, County,
and State taxes, to the Seller in exchange for the possession and ownership of the
following described boat:
Boat make: ​ _ __________________________________________________________
Year: ​ _ _______________________________________________________________
Hull Identification Number (HIN): ​ _ ______________________________________
Length: ​ _ _____________________________________________________________
Boat type: ​ _ ___________________________________________________________
Odometer reading: ​ _ ___________________________________________________
Registration status: ​ _ ___________________________________________________
Boat registration number: ​ _ _____________________________________________
State of registration: ​ _ __________________________________________________
Trailer make (if included): ​ _ _____________________________________________
Year: ​ _ _______________________________________________________________
Trailer VIN: ​ _ _________________________________________________________
License plate number: ​ _ ________________________________________________
Maine Boat Bill of Sale
This Bill of Sale has been made on ________________, _____, in the County of
________________, in the ​ S tate of Maine ​ b etween the following parties:
________________________________ (hereinafter referred to as the "Buyer") with a
mailing address of ______________________________________________________,
and ________________________________ (hereinafter referred to as the "Seller")
with a mailing address of _________________________________________________
_____________________________________________________________________.
Purchase Price
The Buyer agrees to pay $___________________, which include Municipal, County,
and State taxes, to the Seller in exchange for the possession and ownership of the
following described boat:
Boat make: ​ _ __________________________________________________________
Year: ​ _ _______________________________________________________________
Hull Identification Number (HIN): ​ _ ______________________________________
Length: ​ _ _____________________________________________________________
Boat type: ​ _ ___________________________________________________________
Odometer reading: ​ _ ___________________________________________________
Registration status: ​ _ ___________________________________________________
Boat registration number: ​ _ _____________________________________________
State of registration: ​ _ __________________________________________________
Trailer make (if included): ​ _ _____________________________________________
Year: ​ _ _______________________________________________________________
Trailer VIN: ​ _ _________________________________________________________
License plate number: ​ _ ________________________________________________
Description of the motor (if included): ​ _ _________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
Additional Terms and Conditions
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
The Buyer and Seller acknowledge that the boat is being sold without any
representations ("as-is") and that after the sale the Seller shall not have any liabilities
other than the ones detailed in this Bill of Sale.
This Bill of Sale was signed in front of a Notary Public.
Buyer's Signature​ ______________________________
Buyer's Name __________________________________
Seller's Signature ​ _ _____________________________
Seller's Name __________________________________
First Witness Signature​ _________________________
First Witness Printed Name _______________________
Second Witness Signature​ _______________________
Second Witness Printed Name _____________________
Certificate of Acknowledgement
State of ​ M aine
County of ___________________
On the ___ day of _____________, _____, before me, ________________________,
personally appeared, _______________________________, who proved to me on the
basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s) or the entity upon behalf of which the person(s) acted,
executed the instrument.
WITNESS my hand and official seal.
___________________
Signature of Notary Public
___________________
Printed name of Notary Public
My Commission expires: ___________________
(seal)

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How to Sell a Boat in Maine?

When you sell a watercraft in Maine, you need to take several steps:

  1. Repair the vessel and clean it. Ensure the price of the vessel is within reasonable limits. Advertise the boat properly, mentioning the determined price and providing pictures. Be careful and watch out for fraud - it is better to meet the potential purchaser before you document the sale. Additionally, ask for an electronic payment;
  2. Find out what documentation is obligatory to legitimize and finalize the sale;
  3. Create a bill of sale. To become valid in the state of Maine, it must be signed by two parties. Make sure to read the document thoroughly, understand all the specific details captured, and only then sign the papers. Both parties should have a copy of the document - the buyer retains the original, while the seller has a copy;
  4. Transfer the boat title to the new owner by writing the name of the buyer in the transfer section of the document;
  5. Provide the buyer with all warranty cards, maintenance records, and other documents.

When the transaction is completed, the buyer is responsible for registering the boat with the Maine Department of Inland Fisheries & Wildlife. Before registering, the new owner has to obtain vessel insurance and fill out a boat registration application.

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