Ship Sale And Purchase Agreement Template for United Arab Emirates

1. Vessel Management During Transition: Used when there's a gap between signing and delivery, specifying vessel management responsibilities

2. Crew Arrangements: Include when existing crew contracts need to be addressed or new crew arrangements are part of the deal

3. Sanctions Compliance: Required for international transactions to ensure compliance with relevant sanctions regimes

4. Environmental Compliance: Necessary for vessels operating in environmentally sensitive areas or subject to specific environmental regulations

5. Charter Arrangements: Include when existing charters are to be transferred or terminated

6. Intellectual Property: Required when vessel-specific IP, software licenses, or trade names are part of the sale

7. Tax Provisions: Detailed tax arrangements when complex international tax implications exist

8. Broker's Commission: Include when brokers are involved in the transaction

1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel

2. Schedule 2 - Vessel Documents: List of certificates, documents, and manuals to be transferred

3. Schedule 3 - Protocol of Delivery and Acceptance: Form of delivery and acceptance documentation

4. Schedule 4 - Bill of Sale: Form of bill of sale complying with UAE requirements

5. Schedule 5 - Inventory List: Detailed list of equipment, spare parts, and bunkers included in the sale

6. Schedule 6 - Classification Records: Vessel's classification history and outstanding recommendations

7. Schedule 7 - Required Delivery Documents: Comprehensive list of documents required for closing

8. Appendix A - Form of Seller's Power of Attorney: Template for power of attorney if required for completion

9. Appendix B - Form of Corporate Authorities: Template for corporate authorizations required by both parties