The Boat Sales Agreement is a crucial legal instrument used in Indonesian maritime commerce for documenting the sale and transfer of marine vessels. This document is essential when transferring ownership of any boat or vessel in Indonesian waters, ensuring compliance with local maritime laws and regulations, particularly Law No. 17 of 2008 on Shipping. The agreement covers all aspects of the transaction, from vessel specifications and purchase price to warranties and registration requirements. It's designed to protect both parties' interests while meeting regulatory requirements for vessel ownership transfer in Indonesia. The document is particularly important given Indonesia's archipelagic nature and the significance of maritime commerce in the region, requiring careful attention to local registration requirements, safety standards, and maritime regulations.
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1. Parties: Identification of the seller and buyer with complete legal names, addresses, and registration numbers if companies
2. Background: Context of the sale and brief description of the vessel being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Vessel Description: Detailed description of the boat including make, model, year, registration number, and specifications
5. Purchase Price and Payment Terms: Agreement on price, payment schedule, and payment methods
6. Transfer of Ownership: Terms and process for transferring vessel ownership and registration
7. Seller's Representations and Warranties: Seller's guarantees regarding vessel condition, ownership, and encumbrances
8. Buyer's Representations: Buyer's acknowledgments and confirmations regarding vessel inspection and purchase capacity
9. Conditions Precedent: Conditions that must be met before completion of the sale
10. Completion and Delivery: Details of when and how the vessel will be delivered to the buyer
11. Risk and Insurance: Transfer of risk and insurance requirements
12. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction details
13. Notices: How formal communications between parties should be made
14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Broker Provisions: Required when a broker is involved in the transaction, detailing broker's role and commission
2. Financing Conditions: Include when buyer is obtaining financing for the purchase
3. Maritime Lien Provisions: Include when there are existing liens or specific lien requirements
4. Charter Back Arrangements: Used when seller will charter the vessel back after sale
5. Crew Transfer: Include when existing crew contracts are being transferred
6. Environmental Compliance: Additional environmental requirements for specific vessel types
7. Training and Handover: Include when seller agrees to provide training or extended handover support
8. Import/Export Provisions: Required for international sales requiring import/export permits
1. Schedule 1 - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule 2 - Inventory List: Complete inventory of equipment, tools, and accessories included in the sale
3. Schedule 3 - Vessel Certificates: Copies of all relevant certificates including registration and safety certificates
4. Schedule 4 - Survey Report: Recent survey report or condition assessment of the vessel
5. Schedule 5 - Maintenance Records: History of maintenance and repairs
6. Schedule 6 - Form of Bill of Sale: Template for the official bill of sale
7. Schedule 7 - Protocol of Delivery and Acceptance: Form to be signed at vessel handover
8. Appendix A - Required Insurance Certificates: Specifications of required insurance coverage
9. Appendix B - Registration Documents: Copies of current registration documents and transfer forms
Relevant legal definitions
Clauses
Relevant Industries
Maritime
Shipping
Boat Manufacturing
Marine Tourism
Fishing Industry
Offshore Services
Marine Insurance
Maritime Law
Marine Transportation
Yacht and Leisure Boating
Port Services
Marine Equipment Supply
Relevant Teams
Legal
Maritime Operations
Compliance
Finance
Risk Management
Commercial
Business Development
Contract Administration
Insurance
Technical Operations
Documentation
Asset Management
Relevant Roles
Maritime Lawyer
Ship Broker
Marine Surveyor
Fleet Manager
Vessel Registration Officer
Maritime Insurance Underwriter
Compliance Officer
Marine Operations Manager
Port Captain
Commercial Director
Chief Financial Officer
Legal Counsel
Risk Manager
Maritime Administrator
Business Development Manager
Contract Manager
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