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Boat Purchase Agreement
"I need a Boat Purchase Agreement for selling my 45-foot luxury yacht to a private buyer in Singapore, including provisions for a sea trial and marine survey to be completed by March 2025."
1. Parties: Details of seller and buyer, including registration numbers and addresses
2. Background: Context of the sale and brief description of the vessel
3. Definitions: Key terms used throughout the agreement including relevant maritime terminology
4. Vessel Details: Comprehensive description of the boat including specifications, registration details, and current condition
5. Purchase Price: Amount, payment terms, deposit requirements and payment schedule
6. Conditions of Sale: Terms and conditions of the transfer including compliance with maritime regulations
7. Warranties: Seller's warranties regarding vessel condition, ownership, and compliance with regulations
8. Completion: Details of closing process, transfer of ownership, and registration requirements
1. Financing Conditions: Terms and conditions related to external financing arrangements and requirements
2. Survey Conditions: Requirements and procedures for marine survey and impact on sale
3. Sea Trial: Terms and conditions for conducting sea trial, including liability and insurance
4. Broker Provisions: Terms relating to broker involvement, commission, and responsibilities
1. Schedule 1 - Vessel Specification Sheet: Detailed technical specifications of the vessel including dimensions, engine details, and equipment
2. Schedule 2 - Inventory List: Comprehensive list of equipment, accessories, and items included in the sale
3. Schedule 3 - Registration Documents: Copies of current registration papers and relevant maritime certificates
4. Schedule 4 - Maintenance Records: Documentation of vessel maintenance history, repairs, and upgrades
5. Schedule 5 - Survey Report: Recent survey reports and vessel condition assessments
6. Schedule 6 - Insurance Certificates: Current insurance documentation and coverage details
Authors
Purchase Price
Completion Date
Deposit
Completion Payment
Sea Trial
Survey
Surveyor
Certificate of Registry
Bill of Sale
Encumbrances
Maritime Liens
Completion Documents
Technical Documentation
Inventory
Equipment
Accessories
Builder's Certificate
Registration Documents
Port of Registry
Vessel Particulars
Classification Society
Insurance Documents
Marine Broker
Warranties
Force Majeure
Business Day
Governing Law
Material Adverse Change
Notice
Outstanding Liabilities
Permitted Use
Safety Equipment
Title Documents
Transfer Documents
Consideration
Payment Terms
Deposit
Conditions Precedent
Due Diligence
Warranties and Representations
Title and Risk
Delivery and Acceptance
Sea Trial
Survey Rights
Insurance
Registration Requirements
Broker Commission
Tax Obligations
Encumbrances
Default
Termination
Force Majeure
Assignment
Notices
Confidentiality
Entire Agreement
Amendments
Severability
Governing Law
Dispute Resolution
Costs
Further Assurance
Indemnification
Compliance with Laws
Environmental Requirements
Safety Requirements
Transfer of Documentation
Representations of Authority
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