The Free Boating Encyclopedia


Participate TranslateAbout

--- WikiTags ---

Closing Statement - Download



The nation's premier boat history report with a full compliment of title search resources. Includes eight maritime databases all rolled into one convenient interface. A must-have service for any prospective buyer, marine lender, or maritime professional.

Visit Now


Owner Background Search

Criminal Records
Assets - Properties
Personal Details

Know your seller!

Sponsored by


Boat Closing Statement


BoatWiki - Forms

Use of this form may have legal and tax implications.
You should consult with an attorney or professional about any such concerns.


The boat closing statement form is intended for usage in purchase and sale transactions. It is a professional design that utilizes double entry layout for a high degree of accuracy in balancing the fundings and distributions. The statement displays the entire transaction from both a buyer's and seller's prospective.


This form can be easily altered to accommodate broker, third party, or buyer to seller direct transactions. These include the master vessel and any trade-ins. Ancillary vessels such as title dinghies and tenders can also be listed and/or valued separately. It also contains a signature section for the buyer, seller and broker when applicable.


The form can be downloaded from the BoatWiki repository in a Microsoft Word format that will allow for editing and re-configuration to suit your particular needs. It comes pre-loaded with sample data that offers a depiction of what a closing may entail. These can be deleted, replaced, and/or edited with items and amounts specific to your own transaction.


Vessel Description Box - This is where the boats involved in the transaction are identified. These may be the master boat, ancillary boats  such as dinghies and tenders, and any trade boats. They should include descriptions along with all relevant identification, registration, and documentation numbers.

Buyer / Seller Boxes  - List the respective parties names and addresses.

Items  Column - Enter a brief description of the various considerations and distributions for both parties.

Buyer Debits / Credits - The debit column represents the value of all distributions from the buyers account at closing. This may include the purchase price and any other items such as taxes and registration fees as required by a lender. The credits column shows how the distributions are to be funded. This includes the value of any trade-ins.  A deposit with the broker is considered as an advance to the seller which is settled outside of the closing. The buyer debit and credit column totals must balance.

Seller Debits / Credits - The debit column represents the value of all distributions from the seller's account at closing. This may include the value of any trade-ins, broker deposits, and lien-holder payoffs. The credits column reflects the sales price and any other items collected on behalf of the seller. The seller debit and credit column totals must balance.

Signatures - A final closing statement should be approved by the buyer, seller, and broker if applicable.


The settlement statement may require some evaluation in order to determine the logic and all column totals should be double checked for accuracy. Please WikiShare any comments you may have about the usage of this form.

Credits and References

06/26/2022 - Page initiated by Team BoatWiki.


BoatUS Towing

Float Your BoatWiki

Learn about the role you can play
in supporting the internet's most reliable
source of free boating information.


Stay informed about urgent matters of
boater fraud and the latest changes in
 boat registration or safety regulations.



A Division of Maritime Partners, LLC
State of Washington  USA
© Copyright 1998 - 2023 All rights reserved.