Bill of Sale
Transfer of Vessel / Ship / Boat
This is a Bill of Sale / Equipment bill of sale that transfers ownership of the vessel from the Transferor to the Transferee without having to move the ship/ boat by the transfer of possession to the new owner. The Bill of Sale also contains information on the ship / boat including the name, length, total engine power, and moulded depth among others.
How to Tailor the Document for Your Need?
01
Create Document
Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.
02
Fill Information
Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.
03
Get Document
When you are done, click the "Get Document" button and you can download the document in Word or PDF format.
04
Review Document
The document should be signed by the authorised signatory (or directors of a company) and witnessed to complete the formality.
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Document Description
The Bill of Sale is a legal document that is used to transfer ownership of a registered jurisdiction state ship. It is important because it serves as proof of ownership and is required for the transfer to be recognized by the jurisdiction state shipping registry. The document contains detailed information about the ship, including its official number, name, tonnage, engine power, length, breadth, and depth. This information is also recorded in the jurisdiction state certificate of survey/register of ships.
The document begins with the identification of the transferor(s), including their full names, addresses, and place of incorporation. The transferor(s) are the current owner(s) of the ship who are transferring their ownership to the transferee(s). The transferee(s) are the new owner(s) of the ship and their full names, addresses, and place of incorporation are also included in the document.
The document states that the transferor(s) have received a sum of currency amount from the transferee(s) as payment for the transfer. It specifies the percentage of ownership being transferred and mentions that the transfer includes the ship, as well as its boats and appurtenances. The date of the transfer is also mentioned.
If there are any encumbrances on the ship, the document includes a clause where the transferor(s) covenant with the transferee(s) that the ship is free from encumbrances, except as recorded in the ship's registry. The document also includes a sign block for the transferor(s) to sign.
The document concludes with the acknowledgement by the transferee(s) that they have received the bill of sale and understand that the ship is being sold in 'as is' condition, without any guarantees or warranties.
Overall, the Bill of Sale is a crucial document for transferring ownership of a registered jurisdiction state ship. It contains detailed information about the ship and the parties involved in the transfer, ensuring that the transfer is legally recognized and recorded.
How to use this document?
1. Enter the transferor(s) information: Fill in the full names, addresses, and place of incorporation of the transferor(s) in the document.
2. Enter the transferee(s) information: Fill in the full names, addresses, and place of incorporation of the transferee(s) in the document.
3. Specify the payment: Enter the sum of currency amount that the transferee(s) is paying to the transferor(s) for the transfer.
4. Transfer ownership percentage: Specify the percentage of ownership being transferred in the ship.
5. Include encumbrances clause (if applicable): If there are any encumbrances on the ship, add the appropriate clause in the document.
6. Sign the document: The transferor(s) should sign the document to acknowledge the transfer.
7. Acknowledge receipt: The transferee(s) should sign and acknowledge receipt of the bill of sale, understanding that the ship is being sold in 'as is' condition without any guarantees or warranties.
8. Record the bill of sale: After completing the document, make sure to record it at the jurisdiction state shipping registry to obtain complete title of the ship.
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