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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
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