Document background
A Boat Sale Receipt is a critical document used in Malaysian maritime transactions to formalize and document the sale of a vessel. This document serves multiple purposes: it acts as proof of purchase, facilitates the transfer of vessel ownership, and ensures compliance with Malaysian maritime regulations, particularly the Merchant Shipping Ordinance 1952 and Sale of Goods Act 1957. The receipt should be used whenever a boat is sold, whether between private individuals or commercial entities, and must include specific details about the vessel, parties involved, and transaction terms. It plays a crucial role in the vessel registration process with Malaysian maritime authorities and may be required for insurance, financing, and port authority purposes.
