This Indiana Boat Bill of Sale documents the reassignment of ownership of a used vessel from the current owner to the individual purchasing it. The document is quite uncomplicated to write out and is offered in Microsoft Word as well as PDF. You can easily print the bill of sale and instantly write the required information in the blanks. You can likewise modify the form if you have MS Word or PDF editing software and enter the details straight into the documentation. There are also spaces in the bill of sale for the outboard motor and boat trailer. Either cross out the areas or write N/A if one or both are not incorporated in the transaction.
To make out the Indiana boat bill of sale you will certainly be required to write out the name and address of both the purchaser and the current owner. For details of the boat you must definitely write in the brand name or maker, measurements, and hull ID number. If you have them, there are likewise areas for the present title number and registration number. Naturally the legal document specifies that the boat is being offered as is, which indicates the seller makes no representations regarding the condition or functionality of the vessel.
All boats operating on Indiana waterways must be registered with the BMV and display valid boat decals unless otherwise exempt.
The following are exempt from obtaining an Indiana registration:
- Non-motorized boats including, but not limited to, canoes, rowboats and paddleboats, but excluding sailboats. Non-motorized sailboats must display valid boat decals and pay any applicable fees and taxes.
- A motorized boat from another country that is temporarily operated on Indiana waters.
- A ship’s lifeboat.
- A motorized boat that is legally registered in another state and:
- Has not been within Indiana for more than 60 consecutive days; or
- The owner of the motorboat has paid the required Indiana excise taxes and fees.
- Boats moored on the Indiana part of Lake Michigan for not more than 180 consecutive days.
To register a boat in the state of Indiana you will need the following:
- Title from previous owner signed over to you
- Indiana Application For Watercraft Title
- If you do not have a title, complete the Watercraft Ownership Affidavit
- Indiana Boat Bill of Sale Form
- Valid form of identification
As the seller of the vessel, it is vital that you keep a hard copy of the bill of sale. Let’s think about the worst case situation. You happily sell the watercraft for cash money and the purchaser drives away. He quickly puts the vessel in the closest body of water and strikes another boat or a swimmer. The boat is still legally registered in your name. Having the ability to supply the bill of sale might well keep you out of legal trouble.
You should sign it and supply it to the purchaser if the vessel has a state-issued title. The new owner will not be able to sign up the boat without the title. If the new owner is expected to pay state sales tax on the transaction, both the bill of sale and state title might be needed at the tax office.
Tap or click the name of the bill of sale shown below to download and save the Indiana Boat Bill of Sale in Microsoft Word format for completely free of charge. You may also create the Indiana Boat Bill of Sale using our free fillable PDF version. The PDF has fillable fields into which you can type the required information.
WORD – Indiana Boat Bill of Sale Word
PDF – Indiana Boat Bill of Sale PDF
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