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1. Parties: Identifies and details the seller and purchaser of the vessel
2. Background: Context of the sale and basic information about the vessel
3. Definitions: Key terms used throughout the agreement including vessel specifications, parties, and technical terms
4. Vessel Description: Detailed specifications of the boat being sold including make, model, year, registration number, and key features
5. Purchase Price: Amount and payment terms including deposit, payment schedule, and method of payment
6. Title and Risk: Transfer of ownership and risk provisions, including warranties of title and encumbrances
7. Warranties: Seller's warranties regarding the vessel's condition, seaworthiness, and compliance with regulations
8. Completion: Details of the completion process, timeline, and requirements for transfer of ownership
1. Survey: Terms for marine survey including appointment of surveyor, cost allocation, and impact on purchase decision
2. Sea Trial: Terms for conducting sea trial including arrangements, insurance, and acceptance criteria
3. Finance Conditions: Terms relating to buyer's financing including conditions precedent and timeline for securing funding
4. Berthing: Arrangements for vessel storage including temporary berthing and handover location
1. Schedule 1 - Vessel Inventory: Detailed list of equipment, fixtures, fittings, and items included in the sale
2. Schedule 2 - Vessel Documentation: Copies of registration documents, safety certificates, and other relevant documentation
3. Schedule 3 - Condition Report: Detailed report of current condition and known defects of the vessel
4. Schedule 4 - Maintenance Records: Historical maintenance records, repairs, and improvements made to the vessel
5. Schedule 5 - Insurance Details: Current insurance documentation and coverage details
Vessel
Purchase Price
Completion Date
Deposit
Completion Payment
Survey
Sea Trial
Title Documents
Registration Documents
Inventory
Equipment
Accessories
Defects
Encumbrances
Maritime Liens
Warranties
Business Day
Broker
Surveyor
Berthing
Port of Registry
Classification Society
Safety Equipment
Force Majeure
Completion Location
Bill of Sale
VAT
Insurance
Governing Law
Working Days
Notice
Material Adverse Change
Documentation
Maintenance Records
Certificate of Registry
Flag State
Regulatory Requirements
Acceptance Protocol
Delivery
Purchase Price and Payment Terms
Deposit
Title and Transfer
Warranties and Representations
Survey and Sea Trial
Completion and Delivery
Insurance
Risk and Liability
Registration
Condition Precedent
Encumbrances
Default
Termination
Force Majeure
Confidentiality
Notices
Assignment
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Costs
VAT and Taxation
Dispute Resolution
Governing Law and Jurisdiction
Broker Commission
Maritime Liens
Safety Compliance
Environmental Compliance
Data Protection
Further Assurance
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