The Kentucky boat bill of sale form completes a material contractual bond resulting in the exchange of a vessel for a monetary consideration. The statements entailed in the document spells out the terms of the sale and details of those involved. The form contains the essential information necessary to record details to identify the purchaser, seller, boat, trailer, and the price paid to then endorse the interchange. The paperwork can subsequently be employed to furnish proof of ownership or amount paid for tax purposes.
How to Register a Boat
To exercise the use of watercraft in the state of Kentucky, the vessel must be registered with the local government. An exception to this rule is if the boat is to be utilized in the state for an amount of time less than 60 sequential days and is actively registered in another state. Other cases that could merit exclusion from registration are if either sail or a motor do not propel the vessel or if it is strictly employed as a floatation device for emergency purpose, such as a lifeboat.
When conducting the sale of a boat, upon completion, it is required that the seller inform the County Clerk’s Office about the transaction and transfer no more than 15 days before the sale date. To secure registration for a newly acquired vessel, produce the following documentation for submission at a nearby County Clerk facility:
- A Motor Boat Transaction Record Application for Title/Registration supplied with all required information and endorsements.
- A completed bill of sale.
- Legitimate evidence of ownership of the vessel:
- Certificate of title, signed over by the previous owner.
- If purchased out-of-state from a state that does not issue titles, then prior vessel registration will suffice.
- If purchased new, an official Manufacturer’s Certificate of Origin.
- Photograph or pencil rubbing of Hull Identification Number.
- New Owner’s Original Social Security Card.
- Valid photo identification or driver’s license.
- A form of payment for all associated taxes and fees.
Once registered, the registration number must be visibly placed on the exterior of the boat, and the certificate of registration must be carried onboard the vessel during all times it is in use.
How to Complete the Form
Step 1 – Download the Adobe PDF to fill in the electronic form.
Step 2 – Type in the full purchase price of the boat into the first line.
Step 3 – Buyer/Seller Information – Include all prompted information related to both the buyer and seller of the boat respectively into the allocated spaces:
- Zip Code
Step 4 – Description of Vessel – Enter the descriptive data on the vessel in the proper blank spaces:
- Hull ID Number
- Registration Number
- Title Number
- Motor Model
- Year (of Motor)
- Odometer Reading (in hours)
Step 5 – Description of Trailer – Include corresponding information about the trailer of the boat if one is incorporated into the transaction:
- Serial Number
Step 6 – Signify if there are any outstanding claims or liens associated with the watercraft being sold.
Step 7 – Complete the contract by having the purchaser and seller sign and indicate the date of sale on the form.
Step 8 – To further certify the authenticity of the agreement, commission a notary public or witnesses to oversee the transaction and execution of the document. They can then attest to the genuineness of the transfer and signatures and state of mind and agreements of both involved individuals should it ever come into question.