The Commercial Vehicle Bill of Sale is an essential legal document used in Malaysia when transferring ownership of commercial vehicles between parties. This document is crucial for businesses engaging in the purchase or sale of vehicles used for commercial purposes, such as trucks, vans, or specialized commercial vehicles. It complies with Malaysian transportation laws, including the Road Transport Act 1987 and Commercial Vehicles Licensing Board Act 1987, and serves multiple purposes: it provides proof of ownership transfer, documents the transaction details, protects both parties' interests, and helps ensure compliance with local regulatory requirements. The document typically includes comprehensive vehicle details, seller and buyer information, purchase terms, warranties, and relevant declarations required by Malaysian authorities.
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1. Parties: Full legal names and details of the seller and buyer, including business registration numbers if applicable
2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle
3. Definitions: Key terms used in the document including 'Vehicle', 'Purchase Price', 'Completion Date'
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current odometer reading
5. Purchase Price: Agreed purchase price and payment terms including deposit if applicable
6. Seller's Representations: Seller's warranties about vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Terms of ownership transfer and responsibility for registration transfer
8. Completion: Details of when and where the vehicle will be delivered and payment made
9. Governing Law: Specification that Malaysian law governs the agreement
10. Execution: Signature blocks for both parties and witnesses
1. Condition Report: Detailed description of vehicle condition and known issues - recommended for used vehicles
2. Payment Schedule: Include when payment is to be made in installments
3. Vehicle Modifications: Details of any modifications made to the vehicle - necessary for modified vehicles
4. Outstanding Finance: Details of any remaining finance to be cleared - required if vehicle has existing loans
5. Special Permits: Information about special permits or licenses - needed for certain types of commercial vehicles
6. Broker Details: Information about any broker or agent involved in the sale
7. Post-Sale Obligations: Any continuing obligations after sale completion, such as maintenance contracts
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle Documents: List of all documents provided with the vehicle (registration, maintenance records, etc.)
3. Schedule 3 - Inspection Report: Recent vehicle inspection report if applicable
4. Appendix A - Photographs: Recent photographs of the vehicle showing its condition
5. Appendix B - Service History: Detailed service history and maintenance records
6. Appendix C - Registration Documents: Copies of current registration documents and road tax details
Relevant legal definitions
Clauses
Relevant Industries
Transportation
Logistics
Fleet Management
Construction
Manufacturing
Retail Distribution
Agriculture
Mining
Waste Management
Food & Beverage Distribution
Courier Services
Industrial Services
Import/Export
Relevant Teams
Legal
Operations
Fleet Management
Procurement
Finance
Compliance
Asset Management
Risk Management
Commercial Operations
Supply Chain
Relevant Roles
Fleet Manager
Procurement Manager
Operations Director
Transport Manager
Logistics Coordinator
Business Owner
Company Director
Vehicle Broker
Procurement Officer
Operations Manager
Finance Manager
Legal Counsel
Commercial Director
Asset Manager
Compliance Officer
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