Free Basic Bill of Sale Forms Templates. This form is definitely a basic one for sellers and buyers of any type of boat. Apart from the personal details of both the buyer and the seller, there are spaces for filling in details about the particular boat. However, anyone who is seriously interested in purchasing a boat must also be interested in these forms because this is also clear evidence of having the boat. Such forms can help in making a smooth transaction.
There are certain things to keep in mind while preparing boat bill of sale forms. These forms are used to record all information related to the vessel. Also, used to make sure that there is no confusion. Firstly, you need to have all the relevant information regarding the boat and its maintenance record. It includes the name of the owner of the boat along with his contact number. You can call him or ask him directly about the maintenance records.
Why Do We Need Bill of Sale Forms?
A bill of sale is an agreement between you and the person who is going to acquire the boat from you. It is considered to be an assignment of ownership. The ownership is transferred to the person who pays the money for the legal ownership of the vessel. A bill of sale is normally signed by the person who is buying the vessel, and it is recorded in the registry office of that area. The ownership registration number of the said boat is mentioned on the bill.
Bill of sale forms need to be prepared in a specific manner. You can get them from specialized suppliers who deal with these types of forms. Bill of sale forms for boats are usually prepared on computer software. Such software helps in maintaining the data of all the records. However, they save time and money and offer a comprehensive solution to all your needs regarding the acquisition of a vessel.
Important of Bill of Sale for Boats
Bill of sale forms for boats is prepared after taking into consideration various factors including the condition of the boat and its specification. Bill of sale forms, for as-is sales, include all the relevant details of the boat. For example, its name, registration number, hull identification number, nautical map, place of mooring, description of the engine, fuel type, fuel capacity, etc. The bill of sale also includes the budget of the buyer. There are various types of bills of sale available for sale. It depends upon the type of vessel and its condition that decides the type of bill to be prepared.
In the case of legal ownership of a boat, the bill has to be prepared in the prescribed manner and format prescribed by law. Bill of sale forms for legal ownership of boats includes all the relevant information about a boat and its condition. Bill of sale forms for legal ownership of boats states the name of the legal owner of the ship; his date of birth, his passport, insurance details, if any, and ownership status. Also, the other pertinent information pertaining to the marine boat. Legal ownership of a boat does not transfer automatically.
Common Sections of Bill of Sale Forms
The legal owner of a vessel has the right to block his title if he wants to. He can do so by making arrangements for an adequate inspection of the vessel before the buying price is paid. If the buyer is found to have caused damage to the vessel during the course of purchase, he can reclaim his money by initiating legal proceedings against the seller. The bill of sale forms for boats has a separate section for particulars of inspection. It contains the repairs made to the vessel that was done by the buyer and the expenses incurred by the owner during the course of the purchase.
There is another important provision in the bill of sale form for boating or watercraft; a bill of sale, which enables the owner of a certain watercraft to disconnect his interest in it if and when he dies. This is known as dissolving interest. This means that the selling price will not be paid unless and until the buyer takes possession of the watercraft.
Free Bill of Sale Forms Templates
Here you’ll get some examples of Free Bill of Sale Forms Templates that you may customize or make changes.
This free Bill of Sale Template is a very simple form that may be used when you are selling or buying a boat or any other vehicle. It comes with a premade layout and that will make it more seamless for you to create a bill of sale in a short time. Download it for free in MS Excel format for further modifications.
Here’s another example of a bill of sale template that you can use when you want to purchase or buy a vehicle. This accessible template will cover all the billing details as well as vehicle info. So download now this exclusive opportunity in doc format before it gets too late.
This motor vehicle bill of sale template in Word format provides the vehicle owner’s name, address, vehicle’s manufacture date, year, model, and vehicle identification number. It will also cover the details about the seller and the purchaser.
