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A boat bill of sale is a document detailing the transfer of a watercraft from seller to buyer, necessary for a successful title transfer in both private and commercial deals. It serves as a receipt of sale but does not prove ownership or rights. For sellers, it verifies that the buyer paid in good faith and received the boat "as is," absolving the seller from responsibility for future issues. For buyers, it provides leverage to address disputes regarding undisclosed defects. Essential elements of a boat bill of sale include the names, addresses, phone numbers, and emails of both the buyer and seller.