A Maine Boat Bill of Sale is a document that a seller and a 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.