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a boat bill of sale is a legal document that records the transfer of ownership of a vessel or watercraft depending on what state youre in a bill of sale may be required to complete various state-run permit applications no matter where youll be docking your boat bills of sale are valuable tools that can help both parties provide proof of a transaction and give documentation for tax purposes first lets take a look at whats needed for a boat bill of sale and how you can use one first what should a boat bill of sale contain the first job of any bill of sale is to make clear who is getting what and so the boat bill of sale should specify the identity of the buyer and the seller the sale price and the date the exchange becomes official its also a good idea to note where the transaction is taking place if the buyer and seller arent in the same state or if the boat is in a different state at the time of the sale the relevant law will be the one for where the state the boat will end up ne