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A boat bill of sale is a legal document used to transfer ownership of a watercraft, whether motorized or non-motorized, from one party to another. It must include the names of the seller and buyer, purchase price, make, year, title number, and odometer reading of the boat. Additionally, it requires the signatures of both the seller and buyer, as well as the location of the transaction. In some cases, the bill of sale may need to be notarized to be registered with the relevant agency.