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Watercraft Bill Of Sale
"I need a Watercraft Bill of Sale for the transfer of a commercial fishing vessel from Al Bahri Maritime LLC to Eastern Fleet Operations Co., with vessel delivery scheduled for March 15, 2025, at Dammam Port, including provisions for crew training and maintenance record transfer."
1. Parties: Identification of the Seller and Buyer, including full legal names, addresses, and official identification numbers as per Saudi regulations
2. Background: Brief context of the sale transaction and confirmation of the Seller's ownership rights
3. Definitions: Key terms used in the document, including technical maritime terms and legal definitions
4. Vessel Details: Comprehensive description of the watercraft including make, model, year, hull identification number, registration number, and specifications
5. Purchase Price: Agreed sale price, payment terms, and method of payment in compliance with Saudi financial regulations
6. Seller's Representations: Declarations regarding vessel ownership, absence of liens, and compliance with maritime regulations
7. Transfer of Title: Clear statement of ownership transfer and timing of the transfer
8. Delivery and Acceptance: Details of vessel handover, including location, date, and acceptance conditions
9. Governing Law: Specification of Saudi Arabian law as the governing law and jurisdiction
10. Execution: Signature blocks and attestation requirements as per Saudi legal requirements
1. Condition of Vessel: Detailed description of vessel condition and any known defects - used when selling used vessels
2. Maritime Liens: Statement regarding existing or cleared maritime liens - included when there is history of liens
3. Broker Details: Information about any broker involved in the transaction - included when the sale is broker-mediated
4. VAT Declaration: Details of VAT application and calculations - required for commercial sales or when VAT is applicable
5. Foreign Owner Provisions: Additional provisions required when either party is a foreign entity - used in international sales
6. Insurance Transfer: Details of insurance policy transfer or termination - included when existing insurance is relevant
1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel including dimensions, engine details, and equipment list
2. Schedule 2 - Vessel Documentation: Copies of registration certificates, previous bills of sale, and other relevant documentation
3. Schedule 3 - Inventory List: Detailed list of all equipment, accessories, and items included in the sale
4. Appendix A - Vessel Survey Report: Recent survey report if available, particularly for used vessels
5. Appendix B - Vessel Photographs: Recent photographs of the vessel for identification purposes
6. Appendix C - Maintenance Records: History of maintenance and repairs, particularly important for used vessels
Authors
Maritime Transport
Shipping
Recreational Boating
Commercial Fishing
Marine Tourism
Vessel Trading
Maritime Services
Port Operations
Marine Insurance
Naval Construction
Legal
Maritime Operations
Compliance
Documentation
Risk Management
Commercial
Finance
Insurance
Port Operations
Fleet Management
Maritime Lawyer
Fleet Manager
Vessel Broker
Port Operations Manager
Maritime Insurance Agent
Compliance Officer
Legal Counsel
Marine Surveyor
Commercial Director
Risk Manager
Documentation Officer
Maritime Operations Manager
Vessel Registration Officer
Marine Finance Manager
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