Knowing the history of the vehicle you are buying is very important for a number of reasons. Not only is it good to have an idea on whether it has finance payments remaining on, but also knowing if the boat you’re intending to purchase has been stolen. History reports include Personal Property Securities Register (PPSR) data which is from a number of sources, including the National Stolen Vehicle Register.
According to the PPSR, some boat or yacht's may be incorrectly marked as stolen. The information sourced from PPSR will contain information about where and when they were reported as stolen – you can contact the relevant state authority for more information.