Ship Sale And Purchase Agreement Template for Indonesia

1. Vessel Management During Transition: Used when there's a gap between signing and closing, specifying vessel operation responsibilities

2. Crew Arrangements: Include when existing crew contracts need to be addressed or transferred

3. Environmental Compliance: Additional provisions for vessels carrying hazardous materials or requiring specific environmental certificates

4. Foreign Investment Provisions: Required when the buyer is a foreign entity, addressing Indonesian foreign investment requirements

5. Broker's Commission: Include when a broker is involved in the transaction

6. Tax Provisions: Detailed tax arrangements when complex tax implications exist

7. Finance and Security: Include when the purchase involves external financing or security arrangements

8. Insurance Arrangements: Specific insurance provisions during the transition period

1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel

2. Schedule 2 - Vessel Certificates: List of all required certificates and their validity status

3. Schedule 3 - Inventory of Equipment: Detailed list of equipment, spare parts, and tools included in the sale

4. Schedule 4 - Protocol of Delivery and Acceptance: Form of document to be signed at delivery confirming transfer of ownership

5. Schedule 5 - Form of Bill of Sale: Template for the bill of sale compliant with Indonesian requirements

6. Schedule 6 - Classification Records: Vessel's classification history and outstanding recommendations

7. Schedule 7 - Required Delivery Documents: List of all documents required for closing and delivery

8. Appendix A - Due Diligence Documents: List of documents provided for buyer's due diligence

9. Appendix B - Payment Instructions: Detailed banking and payment information for the transaction