Bill of Sale for WaterCraft or Boat - Arkansas 2025

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  1. Click ‘Get Form’ to open the Bill of Sale for WaterCraft or Boat - Arkansas in our editor.
  2. Begin by entering the county and date at the top of the form. This sets the legal context for your transaction.
  3. In the payment section, fill in the total sale amount in both words and numbers to ensure clarity.
  4. Complete the buyer's and seller's information, including names and signatures. Ensure all parties involved are accurately represented.
  5. Detail the watercraft specifics: year, make, model, hull number, engine type, length, color, and any additional features. This information is crucial for identification.
  6. Review the warranty section carefully. Indicate whether the sale is 'as-is' or includes a warranty against mechanical defects.
  7. Finally, have a notary public witness your signatures to finalize the document legally.

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The Transfer of Ownership Form CG-1258 is utilized when: Purchasing/transferring a vessel: When the sale is finalized you may complete a U.S. Coast Guard Bill of Sale (CG-1340). If there is an outstanding mortgage, the mortgagee (lender) should complete a Satisfaction of Mortgage.
(a) Should the ownership of a motorboat change, the new owner shall file an application with the Secretary of the Department of Finance and Administration for the transfer of the certificate of operation of the motorboat to the new owner within thirty (30) calendar days after the date of the ownership change.
While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper. Whats most important is to include all of the pertinent details in the bill of sale in order to protect both parties.
Boats propelled by sail or motor (including trolling motors) of any type must be registered when operated on public waters. You must have an Arkansas Certificate of Number (registration) and validation decals to operate a motorboat on Arkansas public waters.
Buyer and seller must sign a bill of sale. If using a trailer, that must be itemized on the bill of sale. Proof of paid property taxes is required, and proof of liability insurance of at least $50,000 is required for all motorboats with engines of more than 50 horsepower and all personal watercraft.
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People also ask

An Arkansas boat bill of sale is a form providing proof of the purchase and sale of a watercraft between two parties. The boat must be described in the form, which will also include the purchase price, date, and the names and addresses of the parties involved.
2. What to include in a bill of sale for a boat. The names, ID information (if required), and contact details for both the buyer and the seller. The boats information, including VIN, make, model, year, and registration number. The price of the boat. Conditions of the sale, including any warranties or as is status.

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