When you purchase a boat, the thrill of ownership comes with a small waiting period before all the official paperwork catches up. During this time, your brokerage Team will provide you with “running papers” to legally operate your vessel. These essential documents act as temporary proof of ownership and compliance until your official paperwork is finalized. Here’s what you need to know about these transitional documents and how they keep you cruising smoothly.
What Are Running Papers?
Running papers allow you to operate your boat legally after purchase but before your ownership paperwork, such as registration or U.S. Coast Guard documentation, is processed and issued. These papers prove your lawful possession of the boat and show that you’re taking the necessary steps to complete the official documentation process.
Here is what these running papers comprise (note that the requirements vary from state to state):
Notice of Pending Documentation
This paper is necessary if you are having your boat documented with the US Coast Guard. This document serves as proof that you’ve submitted the appropriate application to the National Vessel Documentation Center (NVDC). It includes details about the vessel and a clear indication that the documentation process is underway. This is signed and dated by the closing specialist on your brokerage Team. Alternatively, you would have a Notice of Pending Title for the State.
Bills of Sale
The Bills of Sale are critical evidence to show legitimate transfer of ownership from the seller to you. These notarized documents outline the terms of the sale, the parties involved, and a description of the boat.
Warranty of Title
This document affirms that the seller has legal ownership of the vessel and the right to transfer it to you. In it, the seller represents and warrants to the buyer that the boat has no undisclosed liens or claims against the boat.
Boat Registration / Tax Payment Certification
Depending on your state’s requirements, you may need to carry proof that you’ve paid sales tax on the boat, have applied for state registration, or both. This can be a copy of what you’ve mailed to your state.
What Now?
In addition to the PDF you received via email, we recommend printing these out and storing them in a folder or envelope on your boat. Of course, these running papers should be replaced with finalized documentation as soon as it becomes available.
At Murray Yacht Sales, we’re here to guide you through every step of your boat-buying journey—from helping you find your dream vessel to ensuring you have the right paperwork to get out on the water immediately.
Still have questions about running papers or the documentation process?