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1. Parties: Identification of the Seller and Buyer, including full legal names, registration numbers, and addresses
2. Background: Brief context of the transaction and confirmation of Seller's ownership
3. Definitions: Key terms used in the document, including 'Vessel', 'Completion Date', 'Purchase Price', etc.
4. Vessel Details: Complete description of the vessel including name, IMO number, flag state, registration details, and type
5. Sale and Purchase: Core terms of the sale including purchase price, payment terms, and transfer of title
6. Seller's Warranties: Warranties regarding vessel ownership, condition, encumbrances, and compliance with regulations
7. Completion: Details of the completion process, including timing, location, and documentation requirements
8. Bill of Sale Declaration: Formal declaration of transfer of title and ownership
9. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Mortgage Discharge: Required if the vessel has existing mortgages that need to be discharged
2. Conditions Precedent: Include when there are specific conditions that must be met before completion
3. Vessel Delivery: Required when physical delivery of the vessel is part of the transaction
4. Tax Provisions: Include when specific tax considerations need to be addressed
5. Broker's Commission: Required when a broker is involved in the transaction
6. Assignment: Include when transfer rights need to be specifically addressed
7. Confidentiality: Optional section for sensitive commercial transactions
8. Insurance: Include when specific insurance arrangements need to be addressed during transfer
1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule 2 - Vessel Documents: List of all certificates, documents, and manuals to be transferred
3. Schedule 3 - Inventory: Detailed inventory of equipment, spare parts, and other items included in the sale
4. Schedule 4 - Outstanding Liabilities: List of any outstanding liabilities or claims against the vessel
5. Appendix A - Form of Protocol of Delivery and Acceptance: Standard form for documenting physical delivery of the vessel
6. Appendix B - Required Deletion/Registration Documents: List of documents required for deletion from current registry and registration in new registry
7. Appendix C - Payment Instructions: Detailed banking and payment instructions
8. Appendix D - Power of Attorney: If required for completion of registration formalities
Maritime Transportation
Shipping
Maritime Trade
Shipbuilding
Marine Insurance
Maritime Law
Offshore Services
Fishing Industry
Maritime Tourism
Port Operations
Marine Engineering
Naval Defense
Legal
Maritime Operations
Fleet Management
Compliance
Documentation
Finance
Risk Management
Insurance
Commercial Operations
Technical Operations
Marine Engineering
Vessel Registration
Maritime Lawyer
Ship Broker
Maritime Operations Manager
Vessel Registration Officer
Marine Surveyor
Ship Owner
Fleet Manager
Maritime Insurance Underwriter
Shipping Company Director
Maritime Legal Counsel
Marine Operations Director
Vessel Documentation Specialist
Maritime Compliance Officer
Ship Finance Manager
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