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1. Parties: Identification of the Seller and Buyer, including full legal names, registration details, and addresses
2. Background: Context of the transaction and brief description of the vessel and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Vessel Description: Detailed description of the vessel including specifications, registration details, and current condition
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and payment method
6. Due Diligence: Buyer's rights to inspect the vessel and review documentation
7. Conditions Precedent: Conditions that must be satisfied before completion of the sale
8. Representations and Warranties: Seller's representations regarding vessel ownership, condition, and encumbrances
9. Pre-Delivery Requirements: Obligations of the Seller prior to delivery, including maintenance and insurance
10. Closing and Delivery: Process for completion of the sale, transfer of title, and physical delivery
11. Risk and Insurance: Transfer of risk and insurance requirements
12. Default and Termination: Consequences of default and termination rights
13. Notices: Process for giving formal notices under the agreement
14. Governing Law and Jurisdiction: Specification of Australian law and jurisdiction
15. General Provisions: Standard boilerplate clauses including assignment, amendments, and entire agreement
16. Execution: Signature blocks and execution requirements
1. Broker Provisions: Include when a broker is involved in the transaction, specifying commission arrangements and obligations
2. Crew Transfer: Include when existing crew arrangements need to be addressed in the sale
3. Finance Conditions: Include when the purchase is subject to buyer obtaining finance
4. International Transfer: Include for cross-border transactions addressing customs and import/export requirements
5. Charter Back: Include when the seller will charter the vessel back after sale
6. Intellectual Property: Include when specific IP rights (e.g., vessel names, designs) need to be transferred
7. Environmental Compliance: Include when specific environmental requirements or certificates need addressing
8. Tax Structure: Include when specific tax arrangements or structures apply to the transaction
1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule 2 - Inventory: List of equipment, spare parts, and accessories included in the sale
3. Schedule 3 - Certificates: List of required certificates and their status
4. Schedule 4 - Classification Records: Details of vessel classification and survey records
5. Schedule 5 - Form of Bill of Sale: Template for the bill of sale to be executed at closing
6. Schedule 6 - Protocol of Delivery and Acceptance: Form to be signed at physical delivery of the vessel
7. Schedule 7 - Permitted Encumbrances: List of any permitted liens or encumbrances
8. Appendix A - Vessel Photos and Plans: Recent photographs and technical plans of the vessel
9. Appendix B - Maintenance Records: History of maintenance and repairs
10. Appendix C - Insurance Certificates: Copies of current insurance certificates
Maritime Transport
Commercial Shipping
Fishing Industry
Tourism and Leisure
Offshore Services
Port Operations
Marine Construction
Naval Support
Maritime Insurance
Maritime Law
Ship Building
Marine Resources
Legal
Maritime Operations
Commercial
Risk and Compliance
Finance
Procurement
Marine Technical
Insurance
Document Control
Vessel Management
Contract Administration
Maritime Lawyer
Ship Broker
Marine Surveyor
Fleet Manager
Vessel Operations Manager
Maritime Insurance Specialist
Ship Registration Officer
Commercial Director
Chief Financial Officer
Risk Manager
Compliance Officer
Port Captain
Marine Operations Director
Procurement Manager
Legal Counsel
Contract Manager
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