Vessel Bill Of Sale Template for Malaysia

1. Vessel Condition: Detailed description of vessel condition and any known defects - used when selling 'as is' or with specific condition warranties

2. Crew Arrangements: Terms regarding existing crew contracts - included when crew transfers are part of the sale

3. Environmental Compliance: Specific warranties regarding environmental compliance - important for vessels operating in sensitive areas

4. Broker's Commission: Terms of broker's commission if a broker is involved in the sale

5. Termination Rights: Specific termination provisions - included when there are conditional elements to the sale

6. Existing Contracts: Treatment of existing charter parties or contracts - needed when vessel has ongoing commitments

7. Tax Provisions: Specific tax arrangements - included when complex tax implications exist

8. Arbitration: Dispute resolution through arbitration - optional alternative to court jurisdiction

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

2. Schedule 2 - Inventory: List of all equipment, spare parts, and items included in the sale

3. Schedule 3 - Documents to be Delivered: List of certificates, documents, and records to be transferred

4. Schedule 4 - Form of Protocol of Delivery and Acceptance: Template document confirming physical delivery and acceptance

5. Schedule 5 - Outstanding Liabilities: List of any liabilities to be settled before or at completion

6. Appendix A - Vessel Certificates: Copies of current vessel certificates and registrations

7. Appendix B - Survey Reports: Recent survey reports and condition assessments

8. Appendix C - Historical Maintenance Records: Documentation of vessel maintenance history