Indiana Private Used Watercraft Bill of Sale
INDIANA PRIVATE USED WATERCRAFT BILL OF SALE
Before signing: Check the watercraft's current title and registration records. An existing title must be assigned and delivered separately under Ind. Code § 9-17-3-3.4. The BMV permits a seller whose boat was exempt from title before July 1, 2016 or January 1, 2021 to sell it without first obtaining a title, but requires the seller to give the buyer a bill of sale. Do not use that exemption for a boat that already has a title.
1. Parties and watercraft
Date and place of sale: [MONTH DAY, YEAR], [CITY, INDIANA]
Seller's full name and mailing address: [NAME AND ADDRESS]
Additional title owner, if any: [NAME AND ADDRESS / NONE]
Buyer's full name and mailing address: [NAME AND ADDRESS]
| Item | Make, model, and year | Identification | Agreed price |
|---|---|---|---|
| Watercraft | [MAKE, MODEL, YEAR, LENGTH, TYPE] | Hull identification number [HIN]; registration [NUMBER / NONE]; title [NUMBER / NONE] | $[AMOUNT] |
| Included outboard motor | [MAKE, MODEL, YEAR / NONE] | Serial number [NUMBER / NONE] | $[AMOUNT / INCLUDED IN BOAT PRICE] |
Included equipment: [DESCRIBE / NONE]. Excluded equipment: [DESCRIBE / NONE]. Any trailer is ☐ excluded ☐ covered by a separate sale and title document identified as [DOCUMENT].
2. Price, payment, and delivery
Seller sells the identified watercraft and included property to Buyer for $[TOTAL]. Buyer pays $[AMOUNT] by [METHOD] on [DATE]. The unpaid balance, if any, is $[AMOUNT / ZERO], due [DATE AND TERMS]. Seller acknowledges receiving $[AMOUNT].
Possession, keys, and included equipment will be delivered: [DATE, LOCATION, METHOD].
Known liens, security interests, or ownership claims: [NONE / DETAILS, PAYOFF AND RELEASE PLAN]. Known material condition issues disclosed by Seller: [DETAILS / NONE KNOWN]. Express repair or condition promises: [DETAILS / NONE]. The parties' agreed condition terms are [WRITE TERMS]; this document does not itself waive any remedy provided by law.
3. Title and registration record
Select the path supported by the actual records:
☐ Existing Indiana title. Seller will assign the BMV certificate of title in the approved form, complete the buyer, sale-price, and lien information on the title, and deliver or transmit it to Buyer when the agreed initial payments have been made, as required by Ind. Code § 9-17-3-3.4(a). Title delivery date or method: [DETAILS].
☐ Existing out-of-state title. Seller will deliver the properly assigned out-of-state title to Buyer under Ind. Code § 9-17-3-3.4(b). State, number, and delivery details: [DETAILS].
☐ Previously exempt, never titled boat. Seller states that this watercraft was exempt from Indiana title requirements before [JULY 1, 2016 / JANUARY 1, 2021], has not since been titled, and is identified by the registration and HIN above. Seller gives Buyer this signed bill of sale. Basis for prior exemption and supporting registration record: [DETAILS].
☐ Other title history: [DESCRIBE]. The parties will resolve the applicable BMV ownership requirements before relying on this bill as title evidence.
Title, lien release, or registration card received by Buyer: [LIST AND DATE / PENDING]. Buyer initials: [INITIALS].
Buyer will apply to the BMV for a certificate of title when required. Ind. Code § 9-17-2-14.7(b) sets a 45-day application period after acquisition for a vehicle requiring a title, including watercraft. Expected application date: [DATE]. This bill is a sale record; it is not the BMV title application.
4. Signatures
The parties sign to confirm the property, payment, disclosures, chosen title path, and document delivery. Each receives a signed copy.
Seller signature: ______________________________ Date: [DATE]
Additional titled owner signature, if any: ______________________________ Date: [DATE]
Buyer signature: ______________________________ Date: [DATE]
Additional buyer signature, if any: ______________________________ Date: [DATE]
About this template
- Last updated
- November 1, 2026
- Citations checked
- November 1, 2026
- Jurisdiction
- Indiana
- Category
- Contracts & Agreements
Legal authority
- Ind. Code § 9-17-1-1(a)(7), (b)-(c) (watercraft title scope and voluntary titles)
- Ind. Code § 9-17-2-14.7(b), (f) (title application deadline and watercraft penalty)
- Ind. Code § 9-17-3-3.4(a)-(b) (assignment and delivery of existing title)
A contract is a written record of what two or more parties agreed to and what happens if someone does not follow through. Clear language, defined terms, and clean signature blocks keep disputes small and enforceable. The most common mistakes in contracts come from vague promises, missing details about timing or payment, and skipping standard protective clauses like governing law and dispute resolution.
Not legal advice
This template is provided for informational purposes. We recommend having an attorney review any legal document before signing, especially for high-value or complex matters.
Checked against the law it cites
A reviewer verified this template's legal citations against the official source on November 1, 2026.
Ind. Code § 9-17-1-1(a)(7), (b)-(c) (checked November 1, 2026): "A watercraft that is not required to be registered under IC 9-31-3 (before its repeal) or IC 9-18.1-14.5."
Ind. Code § 9-17-2-14.7(b) (checked November 1, 2026): "a person must apply for a certificate of title for a vehicle within forty-five (45) days after the date on which the person acquires the vehicle."
Ind. Code § 9-17-3-3.4(a)(1)-(3) (checked November 1, 2026): "Deliver or transmit the certificate of title to the purchaser or transferee at the time of the sale or delivery to the purchaser or transferee of the vehicle, if the purchaser or transferee has made all agreed upon initial payments"
Indiana Bureau of Motor Vehicles, Watercraft Titles (checked November 1, 2026): "A person who owns a boat that was exempt from the title requirements before July 1, 2016 or January 1, 2021 is not required to apply for a certificate of title prior to selling the boat. The seller must provide a bill of sale to the purchaser."
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