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A boat bill of sale is a legal document that indicates the transfer of ownership of a vessel, and its requirements vary by state. It is crucial for completing state-run permit applications and serves as proof of transaction for both parties, as well as for tax documentation. A proper boat bill of sale should include the identities of the buyer and seller, the sale price, and the date of the transaction. It is also advisable to note the location of the sale, especially if the parties are in different states. The applicable law will be determined by the state where the boat will ultimately be docked.
