This form is a generic Bill of Sale for a Boat from an individual rather than from a dealer. No warranty is being made as to its condition.
The Arkansas Bill of Sale for a Boat is a legal document that serves as proof of transfer of ownership of a watercraft from one party to another in the state of Arkansas. This document is essential when buying or selling a boat and is required by the Arkansas Department of Finance and Administration — Office of Motor Vehicles. The Arkansas Bill of Sale for a Boat includes important information about the transaction and the parties involved. It typically contains the date of sale, the names and addresses of the buyer (transferee) and the seller (transferor), the detailed description of the boat (including make, model, year, Hull Identification Number, and registration number if applicable), and the purchase price or trade value of the boat. In addition to the basic information, the Arkansas Bill of Sale for a Boat may also include some additional terms and conditions agreed upon by the buyer and the seller. These may include representations and warranties about the condition of the boat, any included accessories or equipment, and any known defects or damages. It is important to note that there are different types of Arkansas Bill of Sale for a Boat depending on the specific circumstances of the transaction. Some common variants include: 1. General Bill of Sale for a Boat: This is the standard bill of sale used for most boat sales in Arkansas. It includes all the essential information mentioned above. 2. Trailer Bill of Sale for a Boat: If the boat is being sold with a trailer, a separate bill of sale may be required to document the transfer of ownership of the trailer. 3. As-Is Bill of Sale for a Boat: This type of bill of sale states that the boat is being sold in its current condition, without any warranties or guarantees from the seller regarding its quality or performance. This is often used for older boats or those sold for parts or renovation projects. It is important for both the buyer and the seller to carefully review the Arkansas Bill of Sale for a Boat before signing it. They should ensure that all the information is accurate, and any additional terms or conditions are properly documented. It is advisable to have the bill of sale notarized for added legal validity and protection. Once the bill of sale is completed and signed by both parties, it should be retained as a record of the transaction. The buyer will typically need to present this document to the Arkansas Department of Finance and Administration — Office of Motor Vehicles to transfer the boat's ownership and register it in their name.
