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Vessel Bill Of Sale
"I need a Vessel Bill of Sale for transferring ownership of my 45-meter commercial cargo vessel registered in Ireland to a domestic buyer, with completion scheduled for March 2025, including standard warranties and a broker commission clause."
1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and registration numbers if companies
2. Background: Brief context of the sale and confirmation of vessel ownership
3. Definitions: Key terms used in the document including 'Vessel', 'Completion Date', 'Purchase Price', etc.
4. Vessel Details: Complete description of the vessel including name, IMO number, registration details, type, dimensions, and build information
5. Sale and Purchase: Core terms of the sale including purchase price, payment terms, and transfer of title
6. Seller's Warranties: Warranties regarding vessel ownership, condition, encumbrances, and compliance with regulations
7. Completion: Details of the completion process, including timing, location, and documentation requirements
8. Registration and Documentation: Requirements for transfer of registration and necessary documentation
9. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes
1. Vessel Condition: Detailed section about vessel condition, used when selling 'as is' or with specific condition warranties
2. Mortgage Discharge: Include when the vessel has an existing mortgage that needs to be discharged
3. Crew Arrangements: Required when existing crew contracts need to be addressed
4. Charter Agreements: Include when existing charter agreements need to be transferred or terminated
5. VAT Status: Detailed section about VAT status when relevant for commercial vessels or international sales
6. Environmental Compliance: Additional section for vessels requiring specific environmental certificates or compliance
7. Broker's Commission: Include when a broker is involved in the sale
1. Schedule 1 - Vessel Particulars: Detailed technical specifications of the vessel
2. Schedule 2 - Inventory: Complete inventory of equipment, spare parts, and other items included in the sale
3. Schedule 3 - Certificates: List of all certificates, licenses, and documentation to be transferred
4. Schedule 4 - Protocol of Delivery and Acceptance: Form to be completed at handover confirming transfer of possession
5. Schedule 5 - Outstanding Liabilities: List of any liabilities or obligations to be settled before or at completion
6. Appendix A - Form of Bill of Sale: Standard form bill of sale meeting Irish registry requirements
7. Appendix B - Required Deletion Documents: Forms required for deletion from current registry if applicable
Authors
Maritime
Shipping
Fishing
Oil & Gas
Marine Tourism
Marine Construction
Offshore Energy
Port Operations
Maritime Insurance
Marine Legal Services
Maritime Finance
Shipbuilding
Legal
Marine Operations
Compliance
Finance
Documentation
Risk Management
Commercial
Insurance
Registration
Maritime Administration
Maritime Lawyer
Ship Broker
Marine Surveyor
Vessel Registration Officer
Maritime Operations Manager
Fleet Manager
Compliance Officer
Marine Insurance Underwriter
Ship Owner
Maritime Administrator
Port Captain
Vessel Documentation Specialist
Maritime Finance Manager
Marine Operations Director
Legal Counsel
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