Maryland Department Bill of Sale for a Vessel
This file is a bill of sale form provided by the Maryland Department of Natural Resources for the sale of a vessel. It must be filled out in full by the seller and alterations will void the document. The form includes sections for vessel details, purchaser details, seller details, and signatures.
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How do I fill this out?
To fill out this bill of sale form, you need to provide complete and accurate information in each required field. Ensure that all details about the vessel, purchaser, and seller are correctly entered. Finally, both seller and purchaser must sign the form to validate the sale.
How to fill out the Maryland Department Bill of Sale for a Vessel?
1
Complete all sections with accurate information.
2
Fill in vessel details such as Hull Identification Number, Manufacturer, Motor Serial Number, and Registration Number.
3
Enter purchaser and seller information including full names and addresses.
4
Indicate the Gross Sales Price and Date of Sale.
5
Both seller and purchaser must sign and date the form to finalize the sale.
Who needs the Maryland Department Bill of Sale for a Vessel?
1
Individuals selling a vessel in Maryland.
2
Buyers who are purchasing a vessel and need a record of the transaction.
3
Lawyers handling vessel transactions.
4
Boat dealers engaged in the sale of vessels.
5
Title companies facilitating vessel sales.
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What are the instructions for submitting this form?
To submit this form, mail it to the Maryland Department of Natural Resources, Licensing & Registration Service at 580 Taylor Ave, Annapolis, MD 21401. You can also fax it to (410) 260-8839 or submit it online through the DNR’s official website. Ensure all required fields are filled accurately and signatures are included to avoid any processing delays.
What are the important dates for this form in 2024 and 2025?
There are no specific important dates for this form for 2024 and 2025. However, it should be used whenever a vessel sale transaction occurs.
What is the purpose of this form?
The purpose of this bill of sale form is to document the sale of a vessel in Maryland. It provides the necessary fields to record pertinent information related to the vessel, the purchaser, and the seller. Ensuring accurate and complete information in this form is essential for legal and official record-keeping purposes.
Tell me about this form and its components and fields line-by-line.
- 1. VESSEL Hull Identification Number: A unique identifier assigned to the vessel.
- 2. Manufacturer: The company that manufactured the vessel.
- 3. MOTOR Serial Number: A unique identifier assigned to the vessel’s motor.
- 4. Manufacturer: The company that manufactured the motor.
- 5. Length: The length of the vessel in feet and inches.
- 6. Model: The model of the vessel.
- 7. Year: The year the vessel was manufactured.
- 8. Horsepower: The horsepower rating of the vessel’s motor.
- 9. VESSEL REGISTRATION NUMBER or USCG DOCUMENTATION NUMBER: Registration or documentation number of the vessel.
- 10. GROSS SALES PRICE: The total sale price of the vessel, motor, and accessories excluding the trailer.
- 11. DATE OF SALE: The date when the sale is completed.
- 12. PURCHASER: Information about the purchaser including first name, middle name, last name, and mailing address.
- 13. SELLER: Information about the seller including first name, middle name, last name, and mailing address.
- 14. Signature: Both seller and purchaser must sign the form to complete the transaction.
- 15. Date acquired: Date when the vessel was acquired by the seller if not previously registered.
- 16. Name of previous owner: The name of the previous owner of the vessel.
- 17. Reason why vessel was not previously numbered or documented: Explanation as to why the vessel was not previously registered or documented.
What happens if I fail to submit this form?
Failing to submit this form can result in legal and transactional issues.
- Legal Consequences: Without a properly completed bill of sale, the legality of the vessel sale may be challenged.
- Ownership Disputes: Failure to submit the form may lead to ownership disputes between the buyer and seller.
- Registration Delays: Delays may occur in the registration process of the vessel.
How do I know when to use this form?
- 1. Selling a Vessel: Complete the form as a seller to provide all necessary details of the sale.
- 2. Buying a Vessel: Use the form as a buyer to ensure the transaction details are recorded officially.
- 3. Legal Transactions: Utilize the form for legal transactions related to vessel sales.
- 4. Boat Dealers: Boat dealers can use the form for documenting vessel sales.
- 5. Title Transfers: Facilitate title transfer processes with this form.
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You need to fill out details such as vessel identification, purchaser information, seller information, and signatures.
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Do both the purchaser and seller need to sign the form?
Yes, both the purchaser and seller must sign the form to validate the transaction.
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