Selling and buying watercraft requires some paperwork. Arkansas boat bill of sale may be necessary if you want to complete the deal within the state. If you are a buyer, you need to find out whether your new watercraft must be registered in Arkansas and how this procedure can be undergone. In this article, you will find brief yet comprehensive information on this operation. You can also learn here the basics of entering into transactions using a bill of sale.
Arkansas bill of sale forms – this category will help you find out more about other bills of sale used in Arkansas.
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A vessel bill of sale template is signed by the buyer and the seller when transferring property ownership. It works as a receipt proving that the deal has been finalized. Another purpose of this document is proper warranties.
According to the current legal requirements applied to boating in Arkansas, all boats propelled by motor or sail must be registered. The registration is proven with the proper Arkansas Certificate of Number. A bill of sale is one of the documents that you must provide to prove ownership of a boat. An alternative document is a current registration.
You can apply for a boat registration at any state revenue office. The procedure consists of the following steps:
Remember that you have 30 days after the date of purchase to register your watercraft.
The list of documents that you will have to provide includes:
Additionally, you will have to provide proof of $50,000 liability insurance if your boat comes with engines of more than 50 hp.
A template of a boat bill of sale can be found on the Internet in PDF format. You will be able to find a free printable form on both federal and private websites. Makes sure that it contains all the necessary fields required by Arkansas Game & Fish Commission, including:
Remember to list a trailer if you purchase one or provide a separate bill of sale for it.