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Boat Sale Contract
"I need a Boat Sale Contract for the sale of my 45-foot yacht 'Sea Spirit' to a commercial tourism operator, with completion scheduled for March 2025, including provisions for a marine survey and sea trial before settlement."
1. Parties: Identifies and provides full details of the seller and buyer
2. Background: Establishes the context of the sale and confirms the seller's ownership and right to sell
3. Definitions: Defines key terms used throughout the agreement
4. Vessel Details: Comprehensive description of the boat including make, model, year, registration number, and hull identification number
5. Purchase Price: Specifies the agreed purchase price and payment terms
6. Deposit: Details of the deposit amount, payment method, and conditions for holding/release
7. Completion of Sale: Specifies the completion date and process for transferring ownership
8. Seller's Warranties: Warranties regarding vessel ownership, condition, and absence of encumbrances
9. Buyer's Acknowledgments: Buyer's confirmation of vessel inspection and acceptance of condition
10. Risk and Insurance: Specifies when risk transfers and insurance requirements
11. Title Transfer: Process and documentation for transferring legal title
12. Governing Law: Confirms New Zealand law governs the agreement
13. Execution: Signature blocks and execution requirements
1. Finance Conditions: Include when purchase is subject to buyer obtaining finance
2. Survey Conditions: Include when sale is subject to satisfactory marine survey
3. Sea Trial: Include when a pre-purchase sea trial is required
4. Shared Ownership: Include when multiple buyers are purchasing shared interests
5. Broker Provisions: Include when sale is through a broker, covering commissions and obligations
6. Moorings Transfer: Include when moorings or berth license is being transferred with the vessel
7. Conditional Items: Include when sale includes specific conditions about equipment repairs or replacements
1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule 2 - Inventory: Comprehensive list of equipment, accessories, and items included in sale
3. Schedule 3 - Vessel Condition Report: Current condition report including known defects or damage
4. Schedule 4 - Maintenance Records: History of maintenance, repairs, and improvements
5. Schedule 5 - Registration Documents: Copies of current registration and ownership documents
6. Appendix A - Marine Survey Report: Recent survey report if available
7. Appendix B - Insurance History: Details of current insurance and claims history
Authors
Accessories
Bill of Sale
Business Day
Completion Date
Completion
Condition Report
Deposit
Encumbrances
Equipment
GST
Hull
Hull Identification Number
Insurance Policy
Inventory
Maritime Authority
Maritime Rules
Moorings
Purchase Price
Registration Certificate
Sale Assets
Sea Trial
Settlement
Specifications
Survey Report
Surveyor
Title Documents
Transfer Documents
Vessel
Warranties
Purchase Price
Payment Terms
Deposit
Title Transfer
Risk and Insurance
Warranties
Representations
Condition Precedent
Due Diligence
Survey Rights
Sea Trial
Completion
Settlement
Default
Remedies
Force Majeure
Assignment
Notices
Costs
GST
Governing Law
Dispute Resolution
Entire Agreement
Severability
Confidentiality
Registration
Indemnification
Termination
Amendment
Maritime
Recreational Boating
Commercial Fishing
Marine Tourism
Yacht Racing
Marine Insurance
Marine Finance
Legal Services
Maritime Transport
Marine Retail
Legal
Compliance
Marine Operations
Sales
Finance
Risk Management
Contract Administration
Maritime Operations
Customer Service
Documentation
Marine Broker
Maritime Lawyer
Fleet Manager
Boat Dealer
Marine Surveyor
Maritime Operations Manager
Compliance Officer
Legal Counsel
Insurance Underwriter
Finance Manager
Yacht Broker
Marine Sales Representative
Maritime Administrator
Risk Manager
Contract Administrator
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