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Boat Purchase Contract V3
Boat Purchase Contract V3
Boat Purchase Contract V3
Payment details
Purchase price $
Deposit $ (10% of the price, unless stated otherwise)
Balance $
SIGNED as an AGREEMENT
____________________________________ __________________________________
Seller Witness
____________________________________ __________________________________
Buyer Witness
Special conditions
This Agreement is subject to the buyer obtaining satisfactory survey, sea trial and mechanical inspection of the Vessel
at the buyer’s expense.
By signing this contract, the parties agree to be legally bound to the terms and conditions of this agreement.
Further terms and conditions to this contract are found over the page.
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TERMS AND CONDITIONS
On completion, the seller will give possession of the 10. Completion subject to satisfactory survey, sea
Vessel to the buyer in the state of repair that it was in trial and mechanical inspection
at the time of inspection by the buyer. This Contract is subject to the buyer obtaining a
On completion, the buyer shall pay the balance of the satisfactory survey, sea trial and mechanical inspection
Purchase Price to the seller. of the Vessel at the buyer’s expense (including slipping
costs). Provided that the buyer has arranged for a
5. Seller warranty survey, sea trial and mechanical inspection to be
completed prior to the Completion date, the buyer has
The seller warrants that the Vessel and inclusions
the right to rescind the contract at any time before the
listed in the Vessel Details Schedule are the sole and
Completion Date if any one of the survey, sea trial or
absolute property of the seller free of all encumbrances
mechanical inspection is not satisfactory. The buyer is
whether by way of lien, charge, hire purchase, bill of
not required to provide any further reasons or
sale, security interest (whether registered or
explanations in the event it exercises its right to rescind
unregistered), any unregistered interest, equitable
under this clause.
interest or other encumbrance.
For avoidance of doubt, if the buyer exercises its right
6. Transfer and registration
to rescind under this clause, the seller shall return the
On completion, the Seller shall provide to the Buyer a full amount of deposit paid pursuant to clause 3.
signed vessel registration certificate and also complete
11. Seller to provide reasonable access
all things necessary to affect the transfer of registration
in accordance with the relevant state authority within The seller shall provide reasonable access to allow the
14 days of the Completion date. The Seller shall also buyer or any agent of the buyer to carry out the survey,
provide a Hull Identification Number (HIN) certificate if sea trial and mechanical inspection of the Vessel.
not recorded on the registration certificate.
12. Special conditions on the front page
7. Failure to comply
Special conditions specified on the front page form part
The failure of the Seller to comply with any of the terms of the Special Conditions.
This is a generic contract provided by BoatBuy Pty Ltd. BoatBuy Pty Ltd itself is not a party to this contract and does not make any representations or
warranties or guarantees for reliance upon the parties. If you have any questions about this contract, BoatBuy Pty Ltd can be contacted on:
Suite 1A Level 2,802-808 Pacific Highway Gordon NSW 2072 | Ph: (02) 9188 5182 | Email: info@boatbuy.com.au
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