Boat sale agreement, 5.2 m runabout and trailer

Boat sale agreement template with the hull ID, trailer and an as is clause

A private boat sale moves three things at once: a hull, a motor and a trailer, each with its own number and its own way of carrying a debt. This agreement lists all three in a specification table, gives the buyer a sea trial and a search before the balance moves, then sets out exactly what changes hands on the day.

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Boat sale agreement · 5.2 m runabout, hull PRC52118K425 · 11 November 2027Page 1 of 3
Boat sale agreement · 5.2 m runabout, hull PRC52118K425 · 11 November 2027Page 2 of 3
Boat sale agreement · 5.2 m runabout, hull PRC52118K425 · 11 November 2027Page 3 of 3
Boat sale agreement

This agreement is made on 11 November 2027 between Peter Halvorsen of 22 Beacon Road, called the seller, and Nadia Frost of 7 Tiller Close, called the buyer, for the sale of a 5.2 metre fibreglass runabout, its outboard motor and its trailer as one package. Neither party is a dealer.

$18,500
Price
$1,000
Deposit
412
Engine hours
22 Nov 2027
Handover
1. What is being sold
Item
Detail
Hull
Marlin 520 Runabout, fibreglass, 5.2 metres, white with blue stripe, built 2018
Hull identification number
PRC52118K425
Outboard
Four stroke 90 horsepower, serial 6F4210773, 412 hours on the gauge, last serviced 8 September 2027
Trailer
Single axle braked, vehicle identification number 6T9KB2118P0044219, registration due 30 April 2028
Included
Bimini, sounder and plotter, VHF radio, two batteries, safety gear for four, anchor and rode, fenders, cover and spare wheel. The crab pots, the rods and the esky are not included
2. Price and payment
2.1
Deposit, balance and what each one holds
The price is $18,500 for the package. A deposit of $1,000 is paid on signing and takes the boat off the market until handover. The balance of $17,500 is paid in cleared funds before the keys, the trailer and the papers change hands, and cash is not accepted.
2.2
If either party walks away
If the buyer does not proceed for a reason other than a failed inspection under clause 3.1, the seller keeps the deposit. If the seller does not proceed, the deposit is refunded within two business days and the seller pays the buyer the cost of the inspection, up to $450.
3. Inspection, sea trial and condition
3.1
A sea trial and an inspection before the balance
The buyer may take a sea trial and have the boat and motor inspected by a marine mechanic of its choice, at its own cost, before 20 November 2027, and the seller makes the boat available on the water for it. If the inspection finds an undisclosed fault costing more than $900 to repair, the buyer may end this agreement and the deposit is refunded in full.
3.2
What the seller has disclosed
The seller has told the buyer, and repeats here, that the starboard bow has a repaired gelcoat chip, that the trim gauge reads intermittently, that the trailer bearings were repacked in June 2027, and that the boat has always run in salt water and been flushed after each trip.
The boat is sold as it is, where it is
A private sale carries no warranty from the seller and no statutory warranty of the kind a dealer gives. After handover the buyer takes the boat, motor and trailer as they are, which is why clause 3.1 gives the buyer a chance to inspect first.
4. What the seller promises
1.
The seller owns the boat, the motor and the trailer outright and has the right to sell them.
2.
No money is owed on any of them, and none of them is security for a loan or subject to a hire purchase or lease.
3.
None of them is recorded as stolen and no identification number has been altered.
4.
The engine hours shown on the gauge are the true hours and have not been wound back.
5.
The boat has not been sunk, has not been in a collision that damaged the hull structure, and has not been written off.
6.
These promises are true on the day of signing and the day of handover, and survive the handover.
4.1
A search before the money moves
Before paying the balance the buyer may search the register of security interests for the hull identification number, the motor serial and the trailer number. Where a search shows money owed, the seller pays it out and gives written evidence of the release before handover, or the buyer may end this agreement and take the deposit back.
5. Handover
5.1
What happens on the day
Handover is at 10.00 am on 22 November 2027 at 22 Beacon Road. The seller hands over both sets of keys, the motor service book, the trailer papers, the manuals, the safety gear and the registration documents, and signs the transfer paperwork for the trailer. The engine hours are recorded on this agreement at handover and both parties initial it.
5.2
Risk and insurance pass at handover
Risk and ownership pass to the buyer when the balance is paid and the keys are handed over, not before. The seller keeps its insurance in place until that moment and the buyer has cover from it. The seller is responsible for any fine or fee relating to the boat or trailer before handover and the buyer after it. This document is the whole agreement and a change takes effect only in writing.
Peter Halvorsen, seller
Name
:
Date
:
Nadia Frost, buyer
Name
:
Date
:

Section by section

What each section is for, so you can keep the ones you need and drop the rest.

Parties and key facts
Both people, a statement that neither is a dealer, and the price, deposit, engine hours and handover date.
1. What is being sold
The specification table with hull, identification number, outboard, trailer and inclusions.
2. Price and payment
The deposit and balance in cleared funds, and what happens if either party walks away.
3. Inspection, sea trial and condition
The inspection window with its $900 threshold, and the four faults the seller has disclosed.
4. What the seller promises
Five numbered promises about title, finance, theft, hours and collision history, plus the search.
5. Handover
What changes hands on the day, and when risk, insurance and ownership pass.
Signatures
A block for the seller and one for the buyer.

Clauses in this document

How to adapt this agreement

For a sale that includes a mooring or a marina berth, add a clause dealing with the berth licence, because a berth usually cannot be transferred without the marina agreeing and the buyer discovers that after the money has moved. For a boat with an outstanding loan, add a payout clause naming the financier, the payout figure and the date, and pay the balance to the financier directly rather than to the seller, with the seller receiving only the surplus. For a survey rather than a mechanical inspection, replace the $900 threshold with a right to end the agreement on any survey finding the buyer reasonably relies on, since a full survey on an older vessel usually finds something and a fixed figure stops working.

Who this suits

Two private parties selling a trailerable boat as one package. It is not written for a dealer sale, where statutory obligations and a different set of consumer protections apply, and it is not written for a vessel large enough to need a marine survey, a registration on a commercial vessel register or a berth transfer. The test is whether the whole transaction can be completed in a driveway on a Saturday morning with a bank transfer and a set of keys. Once a broker, a marina or a financier joins the deal, the document needs clauses about who holds the deposit and in whose account, and those belong in a longer agreement than this one.

What makes this document work

Three serial numbers, because there are three things

The hull identification number, the outboard serial and the trailer identification number all appear in the specification table, and clause 4.1 sends the buyer to search all three before the balance is paid. A boat sale that records only the hull number misses the two items most likely to carry finance.

The inspection clause has a dollar threshold

A sea trial and a mechanical inspection before the handover date, and if an undisclosed fault costs more than $900 to repair the buyer walks and the deposit comes back. Naming a figure turns a vague right to inspect into something both parties can act on without arguing about materiality.

The disclosure list is specific enough to be useful

A repaired gelcoat chip on the starboard bow, an intermittent trim gauge, bearings repacked in June 2027, and a life in salt water with a flush after every trip. Clause 3.2 puts those in writing so they cannot later be described as hidden.

Questions people ask

What should a boat sale agreement include?

The hull, motor and trailer with their identification numbers, what is included and excluded, the price, the deposit and how the balance is paid, an inspection or sea trial right, the faults the seller has disclosed, the seller promises about title and history, and what happens at handover.

What is a hull identification number?

A unique number assigned to a boat hull, usually moulded or fixed to the transom. It is the equivalent of a vehicle identification number and it is what a buyer uses to search for money owed, check that the boat matches its papers, and confirm that the number has not been altered.

Should a buyer search for money owed on a boat?

Yes, and against all three items. Clause 4.1 covers the hull, the motor serial and the trailer number, because finance is often registered against the motor or the trailer rather than the hull. Where a search shows money owed, the seller pays it out and proves the release before handover.

What does sold as is mean?

That the boat comes with no warranty from the seller and the buyer accepts it in its present condition after handover. It does not excuse a false statement about ownership, theft, write off history or engine hours, which is why those sit in clause 4 as promises that survive the handover.

When does risk pass to the buyer?

When the balance is paid and the keys are handed over, not before. Clause 5.2 keeps the seller insurance in place until that moment and requires the buyer to have cover from it, which closes the gap where a boat is damaged between the transfer and the trailer reaching home.

Is a deposit refundable on a boat sale?

It depends why the sale fell over. Under clause 2.2 the seller keeps the deposit where the buyer simply walks away, and refunds it within two business days plus up to $450 of inspection costs where the seller is the one who does not proceed. A failed inspection under clause 3.1 also returns it in full.

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Sources

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