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Boat Sale Contract
"I need a Boat Sale Contract for selling my 45-foot luxury yacht to a private buyer, including provisions for a marine survey and staged payments, with completion scheduled for March 2025 and including transfer of existing berth lease at Sydney Harbour."
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and contact information
2. Background: Brief context of the transaction and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the contract
4. Vessel Details: Comprehensive description of the boat including make, model, year, registration number, HIN (Hull Identification Number), dimensions, and engine details
5. Purchase Price and Payment Terms: Agreed purchase price, payment method, deposit requirements, and payment schedule
6. Condition of Vessel: Statement of the vessel's current condition, any known defects, and confirmation of previous maintenance
7. Title and Registration: Seller's warranty of clear title and process for transferring registration
8. Inspection and Survey: Terms regarding pre-purchase inspection rights and survey requirements
9. Completion of Sale: Details of the closing process, including location, time, and documentation requirements
10. Risk and Insurance: Transfer of risk and insurance requirements during the sale process
11. Warranties and Representations: Standard warranties from seller regarding vessel ownership and condition
12. Governing Law: Specification of applicable Australian law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Finance Conditions: Include when purchase is subject to buyer obtaining finance approval
2. Berth Transfer: Include when the sale includes transfer of marina berth rights
3. Equipment and Accessories: Detailed section for boats sold with significant additional equipment or accessories
4. Training and Handover: Include when seller agrees to provide operational training to buyer
5. Broker Provisions: Include when sale is conducted through a broker
6. International Transfer: Include for vessels being sold internationally with additional customs requirements
7. Crew Contracts: Include when existing crew contracts are being transferred or terminated
8. Charter Commitments: Include when vessel has existing charter bookings or commitments
1. Schedule A - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule B - Inventory List: Comprehensive list of equipment, tools, and accessories included in the sale
3. Schedule C - Condition Report: Recent survey or condition report of the vessel
4. Schedule D - Maintenance Records: History of maintenance and repairs
5. Schedule E - Registration Documents: Copies of current registration and title documents
6. Schedule F - Insurance History: Details of insurance history and claims
7. Appendix 1 - Photographs: Recent photographs of the vessel and equipment
8. Appendix 2 - Certificates: Copies of safety certificates and compliance documentation
Authors
Agreement
Approval Date
Australian Waters
Bill of Sale
Business Day
Buyer
Completion
Completion Date
Condition Report
Defect
Deposit
Encumbrance
Engine
Equipment
Fair Wear and Tear
Force Majeure Event
GST
HIN
Handover
Insurance Policy
Inventory
Jurisdiction
Legislation
Maintenance Records
Marine Mortgage
Maritime Authority
Material Adverse Change
Navigation Equipment
Outstanding Liabilities
PPSR
Purchase Price
Registration
Safety Equipment
Sale
Seller
Settlement
Specifications
Survey
Technical Documentation
Title
Transfer Documents
Vessel
Vessel Documentation
Warranties
Waters of Operation
Vessel Description
Purchase Price
Payment Terms
Deposit
Title Transfer
Warranties
Vessel Condition
Inspection Rights
Survey Requirements
Insurance
Risk Transfer
Registration Transfer
Documentation Requirements
Representations
Completion
Default
Termination
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Entire Agreement
Severability
Costs
GST
Encumbrances
Maritime Liens
Safety Compliance
Environmental Compliance
Handover Requirements
Sea Trial
Acceptance
Broker Provisions
Maritime
Recreational Boating
Commercial Fishing
Marine Tourism
Shipping
Yacht Charter
Marine Sports
Marine Construction
Marine Transportation
Marine Insurance
Marine Finance
Legal Services
Legal
Maritime Operations
Sales
Compliance
Risk Management
Finance
Insurance
Documentation
Business Development
Asset Management
Marine Broker
Maritime Lawyer
Fleet Manager
Vessel Documentation Specialist
Marine Surveyor
Maritime Operations Manager
Compliance Officer
Risk Manager
Insurance Underwriter
Sales Manager
Contract Administrator
Legal Counsel
Finance Manager
Business Development Manager
Marine Asset Manager
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