An investigation is considered essential by most buyers to check the condition of the boat and its engine/equipment. Even if the boat may seem superficial in excellent condition, surveying is still a wise precaution. Although the law is not mandatory for the documentation accompanying the sale and purchase of a ship, documentation is necessary to meet certain legal requirements such as the Recreational Craft Directive, compliance with national and European VAT rules and all national registration requirements. If the seller is unable to provide documentation, the buyer may be allowed to withdraw from the sale. As soon as you are satisfied with the documentation, a sea trial is recommended. You should check the sales contract carefully to ensure that you have the right to withdraw from the sale if you are not satisfied with the boat after the sea trial. Once you`ve found your dream boat, if you`re making an investment of this size, it would be advisable to exercise caution and make sure you avoid potentially expensive shortcuts. If you follow these steps, you can make sure that your purchase goes smoothly. “Our advice is that you read the agreement carefully and only consider the next step in the process when you are satisfied with the terms of the agreement,” says Mandy. “Before paying a deposit with the broker, ask yourself how deposits and/or closing funds should be held. A standard deposit is 10% of the purchase price (although it may be possible to negotiate the payment of a reduced interest rate) and it is important to agree on the method used to pay the money. “The buyer may, on the basis of the results of the investigation, withdraw from the purchase or renegotiate the price of the vessel or require the seller to pay for the defects at its expense before the conclusion of the contract.
For more information, you will find a copy of the RYA Boat Buyers` Handbook, available in www.rya.org.uk/shop, both in paper and e-book format. The HANDBOOK RYA Boat Buyers is an important purchase for anyone who wants to get on the water with their own boat. A contract of sale, as the name suggests, governs the rights and liability of the parties and determines the transactional process, which includes matters such as the payment of the bond, the buyer`s right to have an investigation of the ship carried out and to conduct a sea trial; acceptance of the vessel or other means; Termination of the contract and how to settle disputes between the parties. Запомнить меня это не рекомендуетя для публичных компьютеров The RYA has also created a sales and purchase pack, available exclusively to RYA members and containing all the essential information regarding the purchase and sale of your boat which can be downloaded from the RYA website or by contacting the legal team on 023 8060 4223 or legal@rya.org.uk indicating your membership number. Необходим аккаунт? Зарегистрируйтесь сейчас! “Buying a used boat can be quite a big investment, but despite the cost, the legal side of buying a boat can be as simple as buying a newspaper! In this sense, it`s helpful to do some fundamental checks before you part with your money and actually commit to the purchase,” says Mandy Peters, rya Legal Manager. . . .
Recent Comments