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A boat bill of sale is a document used to transfer ownership of a watercraft, whether motorized or non-motorized, from one party to another. It must identify the seller and buyer, specify the purchase price, and include details such as the make, year, title number, and odometer reading of the boat. The signatures of both the seller and buyer are required, along with the location of the transaction. Additionally, a boat bill of sale may need notarization to be registered with the appropriate agency.