Boat Bill of Sale

The Seller sells, and the Buyer buys, the vessel described below (the "Vessel"), together with its permanently installed equipment and fittings, excluding the trailer and any motor or engine, which are dealt with separately in clauses 2 and 3.

The Vessel is:

1. Make/manufacturer: ;

2. Model: ;

3. Model year: ;

4. Type and hull material: ;

5. Length overall: ;

6. Hull color: ;

7. Hull Identification Number (HIN): ;

8. Current state registration number or U.S. Coast Guard documentation number, if any: .

A boat trailer is commonly titled and registered separately from the Vessel, so it is dealt with separately here rather than assumed. .

Where a trailer is included, it is:

1. Make/manufacturer: ;

2. Model and year: ;

3. Trailer Vehicle Identification Number (VIN), from its own separate identification plate: ;

4. Current trailer title or registration number, if any: .

An outboard motor, and some inboard engines, can be titled or serial-tracked separately from the Vessel, so it is dealt with separately here as well. .

Where a motor or engine is included, it is:

1. Make and model: ;

2. Type and horsepower: ;

3. Serial number, as stamped by the manufacturer: ;

4. Approximate hours and/or year, if known: .

The total purchase price for everything included in this sale is (the "Purchase Price"), itemized as follows: Vessel/hull ; trailer ; motor/engine . The itemized figures add up to the total Purchase Price stated above.

The Buyer shall pay the Purchase Price by . The Seller acknowledges receipt of the full Purchase Price , and this Bill of Sale is itself the Seller's receipt for that payment.

The Buyer has inspected the Vessel, the trailer and the motor or engine (to the extent each is included), or has had the opportunity to do so, and accepts each of them in its present condition, "AS IS, WHERE IS", with all faults.

Except for the Seller's warranty of title in clause 6, the Seller makes no warranty, express or implied, about the Vessel, the trailer or the motor/engine — including no warranty of merchantability, of fitness for a particular purpose, or that any of them is free of defect, seaworthy, or fit for use on the water. Any statement about condition, hours, prior damage or repair history that either Party wants to rely on must be written here, or it is not part of this Bill of Sale: .

The Seller warrants that the Seller is the sole legal and beneficial owner of the Vessel, the trailer and the motor or engine described above (to the extent each is included), has full right and authority to sell them, and that they are sold free of any lien, loan, security interest or other encumbrance, except: . Any lien listed shall be cleared at or before closing.

The Seller shall indemnify the Buyer against any claim, loss or expense arising from a lien, encumbrance or defect in title that existed before this sale and that the Seller did not disclose above.

How ownership of a vessel gets recorded, and what this Bill of Sale can and cannot do toward that, depends on where the Vessel is registered — and that differs by state. In most states a boat is registered or titled through a state agency, but which agency varies: some states title vessels through the same department that titles motor vehicles (a DMV or equivalent), while others handle vessel registration and titling through a separate state wildlife, natural resources, parks or marine/boating agency. A trailer, where it requires its own title, is commonly titled through the state motor-vehicle agency regardless of which agency handles the Vessel, because a trailer is legally a separate item from the boat it carries.

A vessel documented with the U.S. Coast Guard — generally required for certain vessels of five net tons or more used in specific trades, and available by owner election for others — is not titled by any state at all. Its ownership transfers by recording a qualifying bill of sale with the National Vessel Documentation Center, not through a state title transfer, and the state where the vessel is used may still require its own registration or numbering on top of that federal documentation.

This Bill of Sale is evidence of the sale and of the Purchase Price paid, and the Parties intend it to support whatever title or registration transfer their state, or the National Vessel Documentation Center, requires. It is not, by itself, a title transfer, a state registration form, or confirmation that any transfer is complete. Each Party is responsible for checking the current requirements of the state where the Vessel is or will be titled (or, for a documented vessel, the U.S. Coast Guard's requirements) before relying on this document, for using that state's or agency's own required form where one exists, and for completing the transfer within any deadline that applies. The Seller shall deliver the Vessel's existing title or registration, if any, and any U.S. Coast Guard documentation, to the Buyer at closing, endorsed as the Buyer's state or the National Vessel Documentation Center requires.

The Seller shall deliver the Vessel, and the trailer and motor/engine to the extent included, to the Buyer at on , together with any keys, remote controls, manuals and accessories: .

Risk of loss of or damage to the Vessel, trailer and motor/engine passes to the Buyer on delivery or on payment of the full Purchase Price, whichever happens first. Until then, the Seller is responsible for keeping any insurance on them in force.

This Bill of Sale and any dispute arising out of it are governed by the laws of , without regard to its conflict-of-laws rules.

This Bill of Sale is the entire agreement between the Parties about the sale of the Vessel, the trailer and the motor/engine, and replaces any earlier understanding or representation about it. It may be amended only in writing signed by both Parties. If any provision is held unenforceable, the rest continues in force.

This Bill of Sale may be signed in counterparts and by electronic signature, each of which is an original and all of which together form one agreement. It takes effect on the date of the last signature below.