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Boat Sales Agreement Contract
"I need a Boat Sales Agreement Contract for the sale of my 45-foot luxury yacht to a private buyer in Belgium, with completion scheduled for March 2025, including provisions for a marine survey and sea trial before completion."
1. Parties: Identification of the seller and buyer, including full legal names, addresses, and registration numbers for companies
2. Background: Context of the sale and brief description of the vessel being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Vessel Details: Comprehensive description of the boat including make, model, year, registration number, and hull identification number
5. Purchase Price: The agreed purchase price, payment terms, and method of payment
6. Condition of Vessel: Statement of the vessel's current condition, including any known defects or damage
7. Seller's Representations and Warranties: Seller's declarations regarding vessel ownership, condition, and absence of encumbrances
8. Transfer of Title and Risk: Terms regarding the transfer of ownership and risk to the buyer
9. Completion: Details of the completion process, including location, time, and required documentation
10. Registration and Documentation: Requirements for transfer of registration and necessary documentation
11. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for disputes
1. Survey and Sea Trial: Terms for pre-purchase survey and sea trial, used when buyer requests these conditions
2. Finance Conditions: Include when purchase is subject to buyer obtaining financing
3. Broker's Role: Include when a broker is involved in the transaction
4. VAT Status: Detailed section on VAT status when relevant, particularly for international sales
5. Insurance Requirements: Specific insurance requirements during transition period, if needed
6. Equipment and Inventory: Detailed list of included/excluded equipment, if not covered in schedules
7. Moorings and Berth Transfer: Include when current mooring or berth rights are part of the sale
8. Training and Handover: Terms for operational training or handover support if agreed
1. Schedule 1 - Vessel Specification: Detailed technical specifications of the vessel
2. Schedule 2 - Inventory List: Comprehensive list of equipment, tools, and accessories included in the sale
3. Schedule 3 - Condition Report: Detailed report on the vessel's condition, including photographs
4. Schedule 4 - Maintenance Records: History of maintenance and repairs
5. Schedule 5 - Certificates and Documentation: Copies of registration, safety certificates, and other relevant documentation
6. Schedule 6 - Outstanding Liens or Encumbrances: Declaration of any existing liens or encumbrances, if any
7. Appendix A - Payment Schedule: If payment is to be made in installments
8. Appendix B - Handover Protocol: Detailed procedure for the physical handover of the vessel
Authors
Maritime
Recreational Boating
Shipping
Marine Tourism
Marine Insurance
Maritime Law
Yacht Brokerage
Marine Manufacturing
Marine Finance
Marine Engineering
Legal
Compliance
Marine Operations
Sales
Finance
Risk Management
Documentation
Administrative Services
Customer Service
Technical Services
Maritime Lawyer
Marine Broker
Vessel Registration Officer
Maritime Insurance Agent
Compliance Officer
Marine Surveyor
Port Captain
Fleet Manager
Maritime Administrator
Sales Manager
Legal Counsel
Contract Manager
Finance Manager
Risk Manager
Documentation Officer
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