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A boat bill of sale is used to transfer ownership of a watercraft, whether motorized or non-motorized, from one party to another. It must include the seller's and buyer's names, purchase price, the make, year, title number, and odometer reading of the boat. Additionally, it requires the signatures of both the seller and buyer, along with the location of the transaction. In certain cases, a notary acknowledgment may be needed for registration with the relevant agency.