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A boat bill of sale is a legal document that records the transfer of ownership of a vessel and may be required for state-run permit applications, regardless of docking location. It serves as proof of transaction for both parties and provides documentation for tax purposes. Essential elements of a boat bill of sale include the identities of the buyer and seller, the sale price, and the official date of the exchange. It's advisable to note the transaction's location, especially if the buyer and seller are in different states or if the boat is located in another state at the time of sale, as the relevant law will be based on where the boat will ultimately be registered.
