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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, include the purchase price, make, year, title number, and odometer reading of the boat. Both the seller's and buyer's signatures are required, along with the location of the transaction. Additionally, the document may need to be acknowledged by a notary to be registered with the relevant agency.