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A boat bill of sale is a document used to transfer ownership of a watercraft, whether motorized or non-motorized, from one party to another. It must identify the seller and buyer, state the purchase price, and include details such as the boat's make, year, title number, and odometer reading. The signatures of both the seller and buyer are required, along with the location of the transaction. Additionally, a notary acknowledgment may be necessary for the bill of sale to be registered with the relevant agency.