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Boat Sale Agreement Template
I need a Boat Sale Agreement Template for selling my 45-foot yacht to a private buyer in March 2025, with provisions for a marine survey and sea trial before completion, and the sale will be handled through a broker.
1. Parties: Identification of seller and buyer with full details
2. Background: Context of the sale and brief vessel description
3. Definitions: Key terms used throughout the agreement
4. Vessel Details: Comprehensive description of the boat including specifications
5. Purchase Price: Amount and payment terms
6. Transfer of Title: Conditions and process for ownership transfer
7. Warranties: Seller's representations about vessel condition
8. Completion: Process and requirements for completing the sale
1. Finance Arrangements: Terms of financing if not cash purchase - include when buyer requires financing
2. Survey: Terms for pre-purchase survey - include when buyer requests survey
3. Sea Trial: Conditions for test sailing - include when buyer requests sea trial
4. Broker Provisions: Terms relating to broker involvement - include when sale involves broker
1. Schedule 1 - Vessel Inventory: Detailed list of equipment and accessories included
2. Schedule 2 - Vessel Documentation: Copies of registration, maintenance records, safety certificates
3. Schedule 3 - Insurance Documents: Current insurance details and requirements
4. Schedule 4 - Survey Report: Pre-purchase survey findings (if applicable)
5. Schedule 5 - Payment Schedule: Detailed payment terms and dates (if applicable)
Authors
Boat
Vessel
Purchase Price
Completion Date
Deposit
Survey
Sea Trial
Bill of Sale
Broker
Completion
Conditions Precedent
Due Diligence Period
Equipment
Finance Agreement
Insurance
Inventory
Liabilities
Maritime Liens
Registration Documents
Safety Equipment
Seller's Representative
Buyer's Representative
Title Documents
Transfer Documents
VAT Status
Warranty Period
Working Day
Port of Registration
Manufacturer
Model
Year of Build
Engine Details
Hull Identification Number
Official Number
Documentation
Defects
Encumbrances
Good Working Order
Material Adverse Change
Outstanding Indebtedness
Payment Terms
Deposits
Title and Risk
Warranties and Representations
Condition and Survey
Sea Trial
Insurance
Registration and Documentation
Completion
Default and Termination
Broker Commission
Transfer of Ownership
Liens and Encumbrances
VAT and Tax
Acceptance of Vessel
Force Majeure
Notices
Assignment
Governing Law
Jurisdiction
Entire Agreement
Severability
Amendments
Confidentiality
Dispute Resolution
Liability and Indemnification
Further Assurance
Third Party Rights
Costs and Expenses
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