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The Boat Purchase and Sale Agreement is a vital legal instrument used in India for documenting the transfer of ownership of marine vessels, whether for commercial or recreational purposes. This document is essential when any boat, ship, or marine vessel is being sold, ensuring compliance with Indian maritime laws including the Merchant Shipping Act, 1958, and the Sale of Goods Act, 1930. It captures crucial details such as vessel specifications, purchase terms, warranties, and regulatory compliance requirements. The agreement is designed to protect both buyer and seller interests while ensuring adherence to Indian registration and licensing requirements. It's particularly important given India's extensive coastline and growing maritime sector, serving both commercial operators and private owners in documenting vessel transactions.

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and contact information

2. Background: Context of the transaction 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 hull identification number

5. Purchase Price and Payment Terms: Agreed purchase price, payment schedule, deposit requirements, and payment methods

6. Title and Registration: Provisions regarding transfer of title, existing registration, and process for new registration

7. Seller's Representations and Warranties: Seller's declarations regarding vessel condition, ownership, encumbrances, and compliance with regulations

8. Buyer's Representations: Buyer's acknowledgments and confirmations regarding inspection and acceptance of the vessel

9. Condition of Sale: Whether the vessel is sold 'as-is' or with specific conditions

10. Inspection and Survey: Terms regarding pre-purchase inspection and survey requirements

11. Closing and Delivery: Details of the closing process, delivery location, and timing

12. Risk and Insurance: Transfer of risk and insurance requirements during the sale process

13. Default and Remedies: Consequences of default by either party and available remedies

14. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

15. General Provisions: Standard clauses including notices, amendments, severability, and entire agreement