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A boat bill of sale is a legal document that confirms the transfer of ownership of a vessel, and it may be required for various state permit applications. Regardless of docking location, bills of sale serve as proof of transaction and provide 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 also advisable to indicate where the transaction occurs, particularly if the buyer and seller are in different states or if the boat is located in another state at the time of sale. The relevant laws apply based on where the boat will ultimately be docked.