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Boat Purchase And Sale Agreement
"I need a Boat Purchase and Sale Agreement for selling my 32-foot sailing yacht to a private buyer in Auckland, with settlement planned for March 2025 and including a sea trial condition."
1. Parties: Identifies and provides full details of the seller and purchaser
2. Background: Establishes the context of the sale and basic information about the vessel
3. Definitions: Defines key terms used throughout the agreement
4. Vessel Details: Comprehensive description of the boat including make, model, registration number, dimensions, and equipment included
5. Purchase Price and Payment: Specifies the purchase price, payment terms, deposit requirements, and payment method
6. Conditions of Sale: Sets out any conditions that must be met before the sale becomes final
7. Seller's Warranties: Details the seller's representations about the vessel's condition, ownership, and encumbrances
8. Inspection and Survey: Outlines the buyer's rights to inspect the vessel and arrange surveys
9. Title and Risk: Specifies when ownership and risk transfer to the buyer
10. Completion and Delivery: Details the process for completing the sale and delivering the vessel
11. Default and Termination: Describes what happens if either party breaches the agreement
12. Governing Law: Confirms New Zealand law governs the agreement
13. Execution: Signature blocks and execution details
1. Finance Condition: Include when the purchase is subject to the buyer obtaining finance
2. Insurance: Include when specific insurance arrangements need to be made during the inspection or delivery period
3. Broker's Commission: Include when a broker is involved in the sale
4. Foreign Registration: Include when the vessel is registered in a foreign jurisdiction
5. GST: Include detailed GST provisions when either party is GST registered
6. Mooring Transfer: Include when a mooring is included in the sale
7. Training and Handover: Include when the seller agrees to provide specific training or detailed handover
1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule 2 - Inventory: Comprehensive list of equipment, accessories, and spares included in the sale
3. Schedule 3 - Condition Report: Recent survey or condition report if available
4. Schedule 4 - Registration Documents: Copies of current registration papers and ownership documents
5. Schedule 5 - Maintenance Records: Service history and maintenance records
6. Appendix A - Vessel Photos: Recent photographs of the vessel including any damage or defects
7. Appendix B - Required Forms: Standard maritime authority forms for transfer of registration
Authors
Maritime
Marine Tourism
Commercial Fishing
Recreational Boating
Marine Transport
Yacht Racing
Marine Insurance
Marine Finance
Maritime Law
Marine Engineering
Boat Manufacturing
Legal
Compliance
Marine Operations
Sales
Documentation
Finance
Insurance
Risk Management
Fleet Operations
Customer Service
Marine Broker
Maritime Lawyer
Boat Dealer
Marine Surveyor
Maritime Operations Manager
Compliance Officer
Marine Insurance Underwriter
Fleet Manager
Yacht Broker
Maritime Documentation Specialist
Marine Finance Manager
Marine Sales Representative
Charter Fleet Manager
Maritime Administrator
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