Here's my formal transcription:

THE BALLAD OF LAVERNE AND CAPTAIN FLINT
(Guy Clark)

Here come Martha runnin' down the pier,
Lord, it looks like Captain Flint is here;
You get the bow, I get the stern,
Lord would you look at that, Laverne -
Flint's got shrimp from the deep blue sea
And buckets of fish for you and me.

CHORUS
Well, Old Flint's boat is fine and she's called the Miss-Inclined,
And there's no home port painted on the stern;
They say she's like a ghost up and down that Texas coast,
But you saw it all, didn't you, Laverne?

Daddy said Flint is a weird old bird,
And, what's more, I have heard
That his nets are charmed by a woman who knew
How to work that Louisiana Voo-Doo.
Laverne, get away from that boat, you hear?
Your mama don't want you hangin' round here!

[spoken] And Laverne told us, she said:
Old Flint's boat is fine....

Martha, Martha won't you tell me, please,
That it is not Laverne that I see
There on the deck of the Miss-Inclined
With Captain Flint? I must be blind.
Laverne, girl, what's got the matter with you?
Old Captain Flint, he put a spell on you, baby.

CHORUS
Well, Old Flint's boat is fine but she's called the Miss-Inclined
And there's no home port painted on the stern
They say she's like a ghost up and down that Texas coast
But you saw it all, didn't you, Laverne?

Well, Old Flint's boat is fine but she's called the Miss-Inclined
And there's no home ports painted on the stern
They say she's like a ghost up and down that Texas coast
But you saw it all, didn't you, Laverne?

from http://www.azlyrics.com/lyrics/guyclark/theballadoflaverneandcaptainflint.html - which ain't all that bad. Corrections by Joe Offer.

Here's a link to a studio recording: https://www.youtube.com/watch?v=_wqKlN4Q_xY

Any other corrections?