If you are the party who issues a bill of sale, you are the grantor of the bill of sale. The other party is the grantee.
If the case involves a loan
The bill of sale is usually issued by the borrower (the grantor). The lender will be the grantee.
The borrower will transfer the borrower's rights to the asset mentioned in the bill of sale to the lender. The borrower may still possess the asset while paying the loan.
After repaying the loan, the borrower may regain the rights to the asset.
If the case involves a sale
The bill of sale is usually issued by the seller (the grantor). The buyer will be the grantee.
The bill of sale is proof that the seller has transferred the rights to the asset mentioned in the bill of sale to the buyer.
Refer to this table for examples of the types of bills of sale:
A bill of sale can be...
A bill of sale cannot be...
An inventory of goods with receipts attached, or receipts for purchase moneys of goods.
An assurance of personal chattels.
A power of attorney, authority or licence to take possession of personal chattels as security for any debt.
An assignment for the benefit of the creditors of the assignor.
A prenuptial marriage settlement (that occurs before marriage).
A transfer or assignment of any ship or vessel or any share of the ship or vessel.
A transfer of goods in the ordinary course of business of any trade or calling.
For goods that are at sea or not in Singapore.
Bills of lading, warehouse-keeper’s certificates, warrants or orders for the delivery of goods.
Register a bill of sale
This is the process to register a bill of sale for the first time. If you have already registered a bill of sale and wish to renew it, refer to Renew a bill of sale.
A bill of sale needs to be attested and registered within 3 days after the bill has been executed or it may be unenforceable against certain parties. The court will keep a record of the bill after you successfully register it.
You may choose to file personally or through a lawyer. If you are represented by a lawyer, the documents will be filed by your lawyer. If you are not represented by a lawyer, visit the LawNet & CrimsonLogic Service Bureau to file in person.
Renew a bill of sale
The registration of a bill of sale must be renewed once every 12 months.