Vessel Bill of Sale - Oregon
What Is an Oregon Vessel Bill of Sale?
An Oregon Vessel Bill of Sale is the legal document used in Oregon to transfer the ownership of the motorized or non-motorized vessel from the seller to the buyer. This document is essential to make the sale and purchase legitimate. It demonstrates the agreement of the parties, proves the payment was made in good faith, and protects the counterparts from any disputes or disagreements that may arise in the future.
Alternate Names:
- Watercraft Bill of Sale;
- Boat Bill of Sale.
This form was released by the Oregon State Marine Board . The latest version of the document was issued on September 1, 2023 , with all previous editions obsolete. You can download a fillable Oregon State Marine Board Vessel Bill of Sale through the link below.
How to Sell a Boat in Oregon?
Before you draft any papers, make repairs to the vessel. After that, determine its value and advertise it properly on the best possible location to the potential buyers.
Decide which documents are necessary to finalize the sale. If you have the original certificate of title, give it to the purchaser. If it is lost, you will need to fill out the lost boat title application first. The Bill of Sale is an additional document that proves ownership.
An Oregon Boat Bill of Sale contains the following information:
- Vessel description. Enter the boat's state-assigned certificate of number, model year, manufacturer, and hull identification number;
- Seller information. The seller must certify the boat details are accurate and release all the rights, title and interest to the purchaser. It is also required to certify that the vessel is free of any liens;
- Buyer information. Indicate the new owner's full name and address;
- Signature of the seller and the actual date of signing. There is no need for the purchaser to sign the document.
Does a Boat Bill of Sale have to be Notarized in Oregon?
Notarization is not required unless the parties choose to implement it on their own. Each party retains a copy of the Bill of Sale to have proof of purchase and payment. The seller must also provide the buyer with all maintenance and repair records related to the boat. Then the purchaser has thirty days to register the vessel with the local Marine Bond Office. It is necessary to file the Bill of Sale with an application for title and registration, proof of paid fees and vessel insurance.
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