A Boat Bill of Sale is a crucial legal document used in Indonesia when transferring ownership of any type of vessel, from small recreational boats to commercial vessels. The document must comply with Indonesian maritime law, particularly Law No. 17 of 2008 on Shipping and related regulations. It includes detailed vessel identification, parties' information, purchase terms, and warranties. This document is essential for updating vessel registration with Indonesian maritime authorities and serves as proof of ownership for insurance, financing, and regulatory purposes. The Boat Bill of Sale should be prepared with careful attention to Indonesian legal requirements, including proper notarization and registration procedures specific to maritime transactions in Indonesian waters.
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1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and identification numbers as required by Indonesian law
2. Background: Brief context of the sale transaction and confirmation that the Seller is the legal owner of the vessel
3. Definitions: Key terms used in the document including 'Vessel', 'Purchase Price', 'Closing Date', and other relevant technical terms
4. Vessel Details: Comprehensive description of the boat including make, model, year, hull identification number (HIN), registration number, and detailed specifications
5. Purchase Price: The agreed purchase price, payment terms, and method of payment
6. Seller's Representations: Seller's warranties regarding vessel ownership, condition, liens, and encumbrances
7. Transfer of Title: Clear statement of ownership transfer and timing
8. Condition of Vessel: Statement of the vessel's current condition and any known defects
9. Closing and Delivery: Details of when and where the vessel will be delivered and closing procedures
10. Governing Law: Specification that Indonesian law governs the agreement
11. Execution: Signature blocks and execution requirements compliant with Indonesian law
1. Marine Survey: Include when a pre-purchase survey has been conducted, detailing the findings and any agreements based on the survey
2. Broker Details: Include when the sale is conducted through a broker, specifying broker details and commission arrangements
3. Equipment and Accessories: Detailed list of included/excluded equipment when the sale involves significant additional equipment
4. Payment Installments: Include when the purchase price is to be paid in installments rather than as a single payment
5. Foreign Registration: Include when the vessel is foreign-registered and requires re-registration under Indonesian flag
6. Tax Provisions: Specific tax-related clauses when the transaction has complex tax implications
1. Schedule A - Vessel Specifications: Detailed technical specifications of the vessel including dimensions, engine details, and equipment list
2. Schedule B - Vessel Documents: List of all registration documents, maintenance records, and certificates to be transferred
3. Schedule C - Inventory List: Detailed inventory of all equipment, tools, and accessories included in the sale
4. Schedule D - Recent Survey Report: If applicable, the complete marine survey report and findings
5. Appendix 1 - Vessel Photos: Recent photographs of the vessel documenting its current condition
6. Appendix 2 - Registration Documents: Copies of current registration documents and certificates
Relevant legal definitions
Clauses
Relevant Industries
Maritime
Shipping
Fishing
Tourism
Transportation
Leisure & Recreation
Marine Services
Insurance
Legal Services
Maritime Trade
Relevant Teams
Legal
Maritime Operations
Compliance
Documentation
Risk Management
Fleet Operations
Marine Insurance
Asset Management
Vessel Registration
Port Operations
Relevant Roles
Maritime Lawyer
Ship Broker
Marine Surveyor
Vessel Registration Officer
Harbor Master
Maritime Insurance Agent
Fleet Manager
Compliance Officer
Legal Counsel
Marine Operations Manager
Vessel Owner
Maritime Administrator
Port Authority Officer
Marine Documentation Specialist
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