yacht sales contract

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Sales Contracts

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Whether you buy a new boat from a dealer or a used boat directly from the owner, the best way to protect your interests is to outline the terms of the sale in writing.

A written agreement will eliminate or minimize questions and problems that could later turn a sweet deal at the dock into a sour one in court. By spelling out the obligations of the buyer and the seller, as well as the time frame in which the sale is to take place, you have a legally binding, written document of the parties' intentions.

It's not necessary to have a lawyer write the contract, although this should be considered, especially if you're buying a high-ticket boat or are having one custom-built for you. Most dealers use contracts printed with their name and address, but "fill-in-the-blanks" contract forms found in stationery stores or online will suffice for private sales. (Or click here to download the BoatUS Purchase Agreement .) A handwritten agreement will also serve the purpose. Regardless of the form, both parties must sign the contract. If the sales agreement requires the signature of both the salesperson and an officer of the dealership, make sure both spaces are signed.

Download the BoatUS Buyers Guide PDF to read this article and the entire guide.

If you're buying from a broker, the sales contract will usually be standardized. But that doesn't mean you shouldn't carefully go through it and make sure that such items as tankage and engine hours are filled out accurately. The broker's information is only as good as what the seller provides.

Basic Contract Terms

Sales agreements or contracts should include the following minimum information:

• Complete names and addresses of buyer and seller
• Complete description of boat and engine, including make, model, year, hull-identification number (HIN) and engine serial number(s). New boats will come with a Manufacturer's Statement of Origin, something you will need to register the boat. A complete equipment list is a must. If there's a trailer, include its serial number, as well.
• The purchase price, including a description of any deposits paid by buyer and how the balance will be paid (for example, certified check). It should also describe the trade-in boat, if any, and its exact value. Most states require the trailer to be registered with the motor vehicle agency, and usually require tax to be paid, just as it would with a car. It's wise to separate the trailer value from the boat on the contract to make this easier.
• A firm delivery date describing when and where the boat will be delivered and the deal finalized
• The boat's condition at the time of delivery, including a complete list of the accessories and items that convey with the boat
• A full description of any warranty from the dealer or manufacturer. When boats are sold in "as is" condition, recourse may be impossible if problems arise.
• Buyer's contingencies: Spell out that the sale hinges on a satisfactory survey and sea trial and the ability to obtain acceptable financing and marine insurance.
• A statement that the boat is free of all liens and encumbrances

Financial institutions often consider boats to be luxury items, so the application process is more like buying a house than buying a car. As part of the underwriting process, many lenders will ask for a personal financial statement along with tax returns. For used boats, a tax return is often required. Terms up to 20 years with down payments between 10% and 20% are common, but rates and terms can vary depending on the age, size, type, and use of the boat. It's a good idea to talk with prospective lenders before filling out a loan application.

On a new boat, lenders need the Manufacturer's Statement of Origin. It certifies that it has had no other retail owner. With used boats, lenders check for a clear title or record of ownership. For larger boats, lenders usually require marine-insurance coverage and federal documentations as conditions for loans.

Manufacturer's Statement of Origin

The Manufacturer's Statement of Origin (MSO), or Certificate of Origin (MCO), that comes with each new boat contains the boat's hull identification number (HIN) and engine serial number(s). The MSO or MCO shows when the boat was built and transferred to the retail dealer for resale purposes. You will need the MSO when you register or document a new boat. If the boat is financed with a loan, the MSO will be transferred to the lender; otherwise, it will be included in the boat's papers given to you at the time of purchase. You or your loan company should receive the MSO when you take delivery. If not, contact the boat manufacturer at once. Without the MSO you may be unable to register the boat or meet insurance requirements.

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Yacht Sales: From Contract to Closing

Contracts are needed to clearly define the process of buying a yacht for both buyer and seller. the path to the closing table and your boats new owner involves many steps and a proper yacht contract should act as a guide as you move from contract to closing., important contract points for yacht sellers, understanding yacht sales contracts.

Once your yacht's condition is dialed in and it's priced right for the market, the goal of a contract will eventually be achieved. Making sure you've read your contract to purchase in detail is important, this is a legal document with terms and parameters to guide the process along, and also to spell out buyer and seller roles. Almost all brokerage agreements contain commonalities for steps in the process. Here are the important contract points to educate yourself on and pay attention to.

Yacht Sales Price & Deposit

The signed buyer’s offer on your boat should include a deposit; typically, of 10% of agreed price. In today's world of digital signatures and ease of electronic anonymity make certain you have PROOF of deposit via a check or wired deposit into your broker's escrow account. Trust but verify!

Seller & Buyer Requirements

This is a complex section on the contract, but in its simple form these sections spell out the details of where a contract protects each in case of default.

PRIOR TO ACCEPTANCE

Prior to closing.

As the seller you need to make sure the yacht is without liens or monies owed to third parties, have information on security interest if financed so that the yacht can be sold and re-titled legally. Having documents ready ahead of time is a must. Issues that often derail or slow a closing can be divorce, estate sales, liens that were paid but not properly recorded, etc. The time to pull out your USCG Documentation or State Title and share with your broker’s closing department is immediately at contract, not two days before your closing date.

As a seller, make sure any issues that would inhibit being able to close are worked on early in the process.

Survey/Sea Trial Obligations

In its simple form, the buyer is paying for the inspection and expertise of the surveyor. The seller is making the boat available and assuming the risk of that process. It’s your yacht still as the seller and while you may run it yourself, hire a captain or entrust your broker to run it, all the risk associated with a mechanical failure - or the fuel burned at survey - is the seller's obligation. See our Survey & Sea Trial Process section to fully understand this most vital step.

Acceptance of Vessel

Full or clean acceptance.

This means there are no concessions on price or fixes that need to be performed by the seller. The buyer is ready to close, and the deposit is forfeited should closing not occur.

CONDITIONAL ACCEPTANCE

Exclusions to the yacht sale.

Your yacht has been photographed, listed, and viewed by the buyer. On the day of the survey, many times it's assumed what’s on your yacht is what’s included on your yacht at closing. An issue arises when personal items that have not been cleaned off–tools, EPRIBS, Dinghy’s, etc.–are part of the boat in the buyer’s mind, but in the seller’s mind, are not meant to be conveying. Make certain you not only provide the information to your broker but specify IN WRITING what is not included.

After Acceptance & Force Majeure

Closing the yacht sale.

The boaters two happiest days - the day you buy your boat and the day you sell it. While selling a yacht is akin to selling a home, many times the closing occurs remotely with buyer and seller not gathered around the closing table. In most cases, the documents are not being signed by buyer and seller both, but different documents for each. If financing, there will be obligations that are different than in a straight cash purchase. Your broker’s closing department should lay out this step by step process. The closing on a yacht is technically to be done by the date agreed on and occurs when the BUYER'S paperwork has been executed correctly, the SELLER'S paperwork has been executed correctly and SELLER/ESCROW AGENT has received wired funds or been provided electronic proof of loan payoff. Buyer paperwork, seller paperwork & confirmation of all funds = SOLD.

What is a Boat Bill of Sale?

A boat bill of sale (also called a boat purchase agreement) is a document used to detail the terms of a transaction between a private seller and buyer. It’s a contract specific to a boat sale, and can be used for a powered or unpowered boat as long as it is not also a U.S. Coast Guard documented vessel registered by the U.S. government rather than titled and numbered by a state (there are separate forms for selling a documented vessel).

In some states, a boat bill of sale may not be required to complete the sale, but using one is a good idea as it provides proof of the details of the transaction. If the boat has a title—generally required in most states for boats more than 16 feet in length—that title will still need to be transferred from the seller to the buyer per state regulations.

How to Buy a Used Boat from a Private Seller

Boat Bill of Sale Templates Online

You can make up your own boat purchase agreement or use a form that may be provided by your state (try searching online for “Michigan boat purchase agreement” for example). If you find a form, details for your state will likely be included. Some states require the boat purchase agreement to be notarized by both buyer and seller.

If your state does not require the use of a specific form, or does not offer one, you may be able to use a generic boat purchase agreement such as one offered by:

• The U.S. Coast Guard
• A service like eForms

What Should Be Included on a Boat Purchase Agreement?

A boat bill of sale should include:

• The name, address and contact information for the buyer;
• The name, address and contact information for the seller;
• A description of the boat—brand, model, year of manufacture, length, Hull Identification Number (HIN);
• State registration number.

The HIN should be permanently marked on the boat transom to port. If the boat is powered by an outboard motor, it should be listed separately with its serial number.

If a trailer is being sold with the boat, it is also listed separately with its Vehicle Identification Number (VIN). The agreement should list a separate sale price for the boat, outboard motor and trailer. The agreement should also list any accessories or equipment being sold with the boat, such as electronics, trolling motor, spare props, with serial numbers if available. If you are selling the boat, items that are not included in the sale can be listed as “excluded” on the purchase agreement.

The boat purchase agreement can be executed before the sale is final, usually with a deposit, with contingencies, which could include securing financing or that the boat passes a mechanical inspection, marine survey , or sea trial . If issues crop up, such as a repair that should be made, those terms can be negotiated and spelled out in a new agreement, or the buyer can walk away with a refunded deposit.

Using a formal boat purchase agreement protects both the buyer and seller and goes a long way toward avoiding misunderstanding between the parties.

Read Next: How to Register a Boat

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Boat Purchase Agreement

Jump to section.

A boat purchase agreement is a legally binding contract between two parties that establishes the terms and conditions governing the sale and purchase of a boat. This agreement is imperative to ensure a smooth and secure transaction for both parties involved in the boat sale. Let us know about the important aspects of the agreement below.

Essential Elements of a Boat Purchase Agreement

The boat purchase agreement typically includes elements, such as:

• Identifying the Parties: The agreement identifies the buyer and seller by their full legal names and contact information.
• Describing the Boat: The agreement provides a detailed description of the boat being sold, including its make, model, year, hull identification number (HIN), and any additional equipment or accessories included in the sale.
• Specifying Purchase Price and Payment Terms: The agreement specifies the agreed-upon purchase price for the boat and outlines the payment terms, including the payment schedule, accepted forms of payment, and any deposit or down payment requirements.
• Stating Conditions and Warranties: The agreement may include provisions regarding the boat's condition and any warranties provided by the seller. It may specify whether the boat is being sold "as is" or with specific warranties, outlining the buyer's rights and responsibilities in case of defects or issues discovered after the purchase.
• Addressing Title and Transfer of Ownership: The agreement addresses the transfer of ownership and title of the boat. It may outline the process for transferring the title and registration, including any necessary paperwork or documentation required by the relevant authorities.
• Including Inspections and Surveys: The agreement may include provisions allowing the buyer to conduct inspections, surveys, or sea trials to assess the boat's condition and verify its compliance with the agreed-upon specifications.
• Outlining Closing and Delivery: The agreement outlines the closing date and location of the transaction, as well as the responsibilities of each party regarding the delivery of the boat, including any costs or arrangements related to transportation.
• Stating Governing Law : The agreement may include provisions specifying the jurisdiction or governing law that will govern any disputes arising from the agreement and outline the preferred method of dispute resolution.

Key Functions of a Boat Purchase Agreement

A boat purchase agreement establishes a legally binding contract governing a boat's sale and purchase. It serves several important functions:

• Defining Terms and Conditions: The agreement clearly outlines the terms and conditions agreed upon by the buyer and seller, including the purchase price, payment terms, and any additional agreements related to the transaction. It ensures that both parties have a mutual understanding of their rights, obligations, and responsibilities.
• Establishing Legal Ownership: The agreement facilitates the transfer of legal ownership from the seller to the buyer. It provides documentation demonstrating the buyer's ownership rights and protects them from future claims or disputes regarding the boat's ownership.
• Protecting the Rights of Parties: The agreement includes provisions that protect the interests and rights of both the buyer and the seller. It may outline warranties the seller provides regarding the boat's condition and history and any representations or disclosures made about the boat. This helps prevent misunderstandings and provides recourse for the parties in case of breaches or issues.
• Clarifying the Boat's Condition: The agreement may include details about the boat's current condition, any inspections or surveys conducted, and disclosures made by the seller. This ensures that the buyer is aware of the boat's condition before completing the purchase and helps avoid disputes arising from undisclosed defects or issues.
• Ensuring Compliance with Applicable Laws: The agreement may address legal requirements, such as the transfer of title, registration, and applicable regulations or laws governing boat sales. It helps ensure the transaction follows relevant legal frameworks and protects both parties from potential legal complications.
• Providing Documentation: The boat purchase agreement is an important legal document that provides proof of the agreed-upon terms and conditions of the sale. It can be used as evidence in disputes, insurance claims, or other legal matters related to the boat purchase.

Benefits of Entering a Boat Purchase Agreement

A boat purchase agreement offers several benefits to both the buyer and the seller involved in a boat sale. Here are some key benefits:

• Provides Legal Protection: The agreement provides legal protection to both parties by clearly defining the terms and conditions of the boat sale. It helps prevent misunderstandings and disputes by outlining each party's rights, obligations, and responsibilities.
• Ensures Clarity and Understanding: The agreement ensures that both the buyer and the seller clearly understand the agreed-upon terms of the sale. It specifies important details such as the purchase price, payment terms, boat condition, warranties, and any additional agreements, leaving no room for ambiguity or confusion.
• Mitigates Risk: The agreement allows for identifying and allocating risks associated with the boat sale. It may include provisions regarding inspections, surveys, or disclosures, which help the buyer assess the boat's condition and minimize the risk of unexpected issues or defects.
• Serves as Proof of Ownership: The agreement is proof of ownership transfer from the seller to the buyer. It provides documentation that establishes the buyer's legal rights to the boat and can be used for registration, insurance, or any future transactions involving the vessel.
• Resolves Disputes: In the event of a dispute, the boat purchase agreement provides a framework for resolving conflicts. It may include provisions for mediation, arbitration, or other alternative dispute resolution methods, reducing the need for costly and time-consuming litigation.
• Aids in Legal Compliance: The agreement ensures that the boat sale complies with applicable laws, regulations, and registration requirements. It helps both parties fulfill their legal obligations, such as transferring the title and registration, and protects against potential legal issues or liabilities.
• Provides Confidence and Peace of Mind: Having a well-drafted boat purchase agreement in place gives the buyer and the seller confidence and peace of mind. They can proceed with the transaction knowing that their rights are protected, the terms are clear, and a legally binding contract governs the sale.

Key Terms for Boat Purchase Agreements

• Purchase Price: The agreed-upon amount the buyer will pay the seller for the boat.
• Boat Description: A detailed description of the boat, including its make, model, year, HIN, and any additional equipment or accessories included in the sale.
• Title Transfer: The process by which the seller transfers legal ownership and title of the boat to the buyer.
• Condition and Warranties: The condition of the boat at the time of sale and any warranties or guarantees the seller provides regarding its condition or performance.
• Dispute Resolution: The agreed-upon method for resolving disputes, such as through mediation, arbitration, or litigation, in case of conflicts arising from the agreement.

Final Thoughts on Boat Purchase Agreements

A boat purchase agreement ensures a smooth and secure boat transaction for both the buyer and the seller. By clearly outlining the terms and conditions of the sale and addressing aspects such as purchase price, boat description, title transfer, condition, warranties, and dispute resolution, this legally binding contract provides both parties clarity, protection, and peace of mind. Whether buying or selling a boat, having a well-drafted boat purchase agreement is essential to mitigate risks, establish clear expectations, and facilitate a successful boat purchase experience. It is advisable to consult with a qualified maritime attorney to ensure that the agreement adequately addresses the unique aspects and requirements of the boat sale.

If you want free pricing proposals from vetted lawyers that are 60% less than typical law firms, click here to get started. By comparing multiple proposals for free, you can save the time and stress of finding a quality lawyer for your business needs.

Need help with a Boat Purchase Agreement?

Meet some of our boat purchase agreement lawyers.

Charlton M.

Charlton Messer helps businesses and their owners with general counsel and contract drafting services. He has helped over 500 businesses with their legal needs across a variety of industries in nearly a decade of practice.

I have over 25 years' experience representing individual and company clients, large and small, in transactions such as mergers and acquisitions, private offerings of securities, commercial loans and commercial endeavors (supply contracts, manufacturing agreements, joint ventures, intellectual property licenses, etc.). My particular specialty is in complex and novel drafting.

My legal practice is focused on business transactions like general corporate matters, fundraising, technology contract negotiation, blockchain, crypto or token analysis, and others. I hope to be a good asset to you and looking forward to finding out how I can be of help!

Travis counsels individuals and businesses on a broad range of complex topics. His practice centers on producing efficient, client-driven results. He concentrates his practice on real estate, construction, and general business matters with an emphasis on assisting clients both before and after problems occur by drafting contracts designed to best position clients to avoid disputes and litigating matters to a final resolution if problems emerge. Born and raised in Oklahoma, Travis is a triple graduate of the University of Oklahoma, having obtained his Bachelor of Arts, Master of Business Administration, and Juris Doctor degrees from OU. Prior to practicing law, Travis managed the finances and business operations of a successful construction supply company for several years. This insight into sophisticated business dealings, contractual issues, and strategic planning makes him uniquely qualified to handle a wide range of legal matters. Travis lives in Norman with his wife, Haley, dogs, Walter and Poppy, and cat, Ernest. Outside of the office, Travis enjoys playing golf and reading.

Justin Camper is a small business and trademark attorney, entrepreneur, public speaker, and writer. Justin has been practicing law close to 5 years and has done various areas of law from criminal work as a Prosecutor, to business and civil litigation at private law firms.

Bolaji O. Okunnu is an entertainment lawyer and founder of the Okunnu Law Group, PLLC based in New York, New York. His practice includes work in the area of copyright, trademark, contract, intellectual property and business law. As an entertainment attorney, Bolaji represents a diverse roster of celebrities, record labels, music publishers, artists, bands, entrepreneurs, authors, songwriters, artist managers, record producers and entertainment executives concerning their intellectual property, business affairs and creative assets. He is an expert at solving complex and sophisticated legal and business issues relating to contracts, copyrights and trademarks. With his background in both the law and the music business, he brings a broad perspective to problem-solving and business plan strategies. He also has an extraordinary ability to speak to the hearts of creatives while helping them discover their voice and clarify their creative dreams and assignments.

I love to learn, and I love solving problems. That's why I became a lawyer, and learned to solve legal problems for individuals and businesses and help them fix things when there's a snag. Touch base if you think I could have something to offer for you or your company. Experienced, results-oriented legal professional whose background and education have established him as a valuable resource in areas of corporate law, franchising, litigation, compliance, mortgages and banking, and more. Practice Areas Include: Corporate law, Franchising, Litigation, real estate, corporate law, civil disputes, insurance representation, corporate counseling, dispute resolution, risk management, regulatory counsel, compliance. Experience involves sophisticated as well as routine corporate structuring and transactions, simple and complex litigation, and written and oral advocacy such as depositions, mediated settlement conferences, trials, appeals, written pleadings and discovery, and case strategy and analysis. Experience managing and litigating disputes between parties and negotiating settlements across the spectrum of civil litigation, including probative discovery, successful motions practice, legal research and writing, appellate practice, and legal consultation to individuals and business entities. Further experience includes digesting and monitoring updates to the legal landscape to advise clients or departments and successfully adapt policies and procedures to assure compliance with applicable laws and regulations as well as to manage risk effectively. For those needing a skilled commercial or corporate lawyer, or for individuals whose rights need persuasive advocacy, I am a valuable resource. Representative work also has involved success on the appellate level, as in Baker Construction Company, Inc. v. City of Burlington and Hawthorne, LLC, North Carolina COA09-13.

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Yacht Sales Contracts, Boat Taxes and Duties: Basic Tips

Creating sales documents for catamaran sales.

Whether you buy a brand new catamaran or a used catamaran directly from the owner, the best way to protect both parties is to put the terms of the sale in writing. This eliminates problems that could later turn a seemingly simple deal into a nightmare. A legal document will clearly list the intentions of the buyer and seller by outlining the obligations of each party, as well as spelling out the obligations and time frame for each party involved.

Basic Catamaran Purchase & Sale Contract Terms

Sales agreements or contracts should include the following information:

• Names and addresses of buyer and seller
• Complete description of boat and engine including make, model, year, as well as hull-identification number (HIN) and engine serial number(s). A complete equipment list is a must. If there’s a trailer, include its serial number, as well.
• The purchase price including a description of any deposits paid by buyer and how the balance will be paid (for example, wire transfer, certified check, etc.)
• A firm delivery date describing when and where the boat will be delivered and the deal finalized.
• The boat’s condition at the time of delivery, including a complete list of the accessories and items that convey with the boat.
• A full description of any warranty from the dealer or manufacturer. When boats are sold in “as is” condition, recourse may be impossible if problems arise
• Buyer’s contingencies: Spell out that the sale hinges on a satisfactory survey and sea trial and the ability to obtain acceptable financing and marine insurance
• A statement that the boat is free of all liens and encumbrances.

Boat Sales, Use & Property Taxes

Every state and county has different regulations and they are always subject to change. We use the state of Florida as an example here, but it is important to check with your own state offices to determine what taxes you might owe. However, there are usually three kinds of basic taxes, no matter what type of boat you buy.

1. Sales Tax

Sales taxes are imposed at the time of purchase or transfer. There are non-taxing states, such as Delaware or Rhode Island. In states like Florida, the state sales tax rate is usually 6 percent plus any applicable discretionary sales surtax. In Florida, the maximum tax of $18,000 applies. See Florida Revenue State and Use Tax for Boat Owners/Purchasers .

In some jurisdictions like Florida, there may be a “removal clause” in a state’s statutes. It requires the buyer to submit a removal affidavit: A non-resident buyer must certify the boat will be leaving the state within a certain amount of time. A buyer can also be required to submit proof of departure (fuel or dockage receipts) and registration in another jurisdiction. The process is relatively straightforward, but it is imperative the guidelines are followed. If a boat owner decides to move his or her boat from one of the five states without a general sales tax (Alaska, Delaware, Montana, New Hampshire, and Oregon) to another state, when the vessel is registered in the new state, it will trigger the sales tax due.

An offshore closing is an option for buyers who want to avoid sales tax, especially when dealing with boats of considerable value or for owners who plan to travel constantly or register the boat in a foreign location. Read more about tax and legal considerations for buying a yacht outside the US .

Many state tax agencies aggressively look for boaters who don’t pay sales tax and may try to collect the equivalent use tax on boats if they have been there from 30 to 180 days. California and Maryland among others will search ownership records and even inspect marinas for out-of-state boats.

Some states are more boater-friendly than others for sales taxes:

• Florida caps the amount of boat sales tax at $18,000.
• Rhode Island has no sales tax on boats.
• North Carolina’s boat sales tax is 3% and capped at $1,500.
• Connecticut sales tax is 2.99% on boats.
• New Jersey is 3.5% and capped it at $20,000.
• Alabama is 2% but has no cap.
• New York sales tax applies to only the first $230,000 of a boat’s purchase price.
• Maryland caps tax at $15,000 on boats.
• Virginia the boat sales tax is 2% and capped at $2,000.

Use tax is imposed on boats not taxed at the time of purchase at the same rate as a state’s sales tax.. Use tax may be paid at the time of registration in a state other than where a boat was purchased, or it can be triggered by the use or storage of a boat for a certain amount of time in a given county. Each state has its own rules as to how long a boat registered elsewhere can be within its jurisdiction before triggering use tax liability.

3. Property Tax

Some states like Virginia have an annual property tax on boats which can be more expensive than sales and use taxes over an extended period of time. Property tax can be a complex battle for those boats that spend time in multiple jurisdictions where it is not tax-paid.

This elementary overview of sales and use taxes on boats does not present all possible presumptions, exceptions, clauses, and penalties. It is simply impractical to cover it all here. Consult with your yacht broker, CPA, and / or attorney.

Importation & Federal Duty

Once a value has been placed on a vessel, the customs agent can calculate the exact cost of duty that will be due and provide the owner of the boat with an invoice and instructions on how to make payment to complete the importation of the vessel.

If your boat has never been imported into the US, you will have to do the importation and pay the Federal Duty. Duty is calculated at 1.5% x the value of the yacht and other miscellaneous fees. Once the Duty has been paid, you will receive US “Entry Summary” or CBP Form 7501, which shows Duty has been paid on the vessel and allows the vessel to cruise freely in US Waters as a Duty Paid vessel.

Here are two great articles:

• yacht import duties article by attorneys

Detailed Yacht Buying Process

Click to see more detailed information about how to buy a boat, documentation, finance, taxes etc.

Estelle Cockcroft

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Gold key yachts of florida.

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Boston yacht sales.

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Upcoming events view all events, wed 17 2024, april 17, 2024 2:00pm - 3:00pm edt, cpyb webinar: from acceptance to closing, webinar date: april 17, 2024.

Congratulations, the survey is behind you and the vessel has been accepted.  What are your priorities as a broker to help get the buyer and the seller to the finish line?  There can be a lot of paperwork to manage and banking details to be completed properly in a relatively short amount of time.  Who is responsible for what? Join this webinar for an overview of the steps you should be aware of and the guidance you can provide to your buyer and seller.  Your hosts are experienced yacht brokers with hundreds of successful transactions, and they will be the first to admit that every closing is unique, so being organized will help ensure a smooth outcome for all parties.

Thu 16 2024

May 16, 2024 12:00pm - 2:00pm edt, brokers brunch: hosted by ybaa, brunch date: may 16, 2024, thu 13 2024, june 13, 2024 1:00pm - 2:00pm edt, ybaa webinar: tbd, webinar date: june 13, 2024, latest news view all news.

Follow These Basics to Ensure Sales Success

John Wooden, perhaps the best college basketball coach ever, used to start each season by ‎showing players how to properly put on their socks and sneakers as a mistake here could ‎‎‘domino-effect’ its way all the way to lost games. Vince Lombardi, the great Green Bay ‎Packers coach, once said that football basically comes down to two things: blocking on offense ‎and tackling on defense, and those great Packer teams spent 80% of their time practicing those ‎two basics. ‎

Significantly Increase Sales by Practicing

Every sports team practices. Not just the pros. College, high school, pee-wee, shoot I remember ‎my Pony League baseball team practicing when I was five years old. Add to this the fact that ‎many, if not most, professionals practice. Would you want a heart surgeon who hasn’t practiced ‎on cadavers, and in many other ways, shapes, and forms, doing open-heart surgery on you? ‎

Sales is a Contact Sport

A few days ago, I was watching an Ed Mylett interview featuring Ryan Serhant, a highly ‎successful real estate agent in New York City. According to Ryan, a key factor in his success is ‎reaching out to 15 new people daily. This resonated with a conversation I had two months ago ‎with Rick Fingerman, a local financial planner, who shared a similar strategy. He recounted the ‎story of a very successful insurance agent who attributed his success to talking to three new ‎people seven days a week about what he did for a living. He said it didn't matter if they were at ‎the supermarket or he met them at church, the key was to talk to three new people a day.‎

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A written contract of sale means security for both parties. along with a list of equipment, the purchase agreement helps to prevent misunderstandings..

You have found a buyer for your boat. Congratulations!

Use for sales processing of our purchase agreement for used boats. Our Boat Sales Contract is limited to one page, keeping it as simple as possible. Nevertheless, all important points of the contract are included. This purchase agreement can be used as a template for power boats, sailboats or inflatables.

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VESSEL REVIEW | Sinichka – Electric commuter boats designed for Russia’s Moskva River

A series of three new electric monohull commuter ferries have already begun operational sailings on the Moskva River in the Russian capital Moscow.

Built by Russian shipyard Emperium, sister vessels Sinichka , Filka , and Presnya – all named after rivers in Moscow – are being operated by the Moscow Department of Transport and Road Infrastructure Development (Moscow Deptrans). They are the first units of a planned fleet of 20 vessels that will serve the capital city and other nearby communities. The new ferry system will be the water transport system to be operated on the Moskva River in 16 years.

Each vessel has a welded aluminium hull, an LOA of 21 metres, a beam of 6.2 metres, a draught of only 1.4 metres, a displacement of 40 tonnes, and capacity for 80 passengers plus two crewmembers. Seating is available for 42 passengers on each ferry, and the main cabins are also fitted with USB charging ports, wifi connectivity, tables, toilets, and space for bicycles and scooters. The cabin layout can be rearranged to allow the operator to adjust the distances between the seats and to install armrests of varying widths.

An open upper deck is also accessible to passengers and is the only area on each ferry where smoking is allowed.

The ferries are all of modular construction with each ferry’s wheelhouse, main cabin, and other structural elements being built as complete, separate components. This enables the ferries to be easily dismantled for transport to anywhere in Russia by rail and then quickly re-assembled within seven days.

The ferries are also ice-capable. Recently completed operational trials on the Moskva showed that the vessels can also easily navigate under mild winter conditions with broken surface ice, though year-round operations are planned for the entire fleet.

The ferries are each fitted with 500kWh lithium iron phosphate battery packs that supply power to two 134kW motors. This configuration can deliver a maximum speed of 11.8 knots, a cruising speed of just under 10 knots, and a range of 150 kilometres.

Emperium said the transfer of rotation of electric motors to the propeller is carried out by direct drive. As a propulsion installation, a pulling rotary propeller-steering column with double screws is used. The installation of double pulling screws, with similar power, allows an operator to increase the efficiency of the propulsion system to deliver a slightly higher speed or to reduce energy consumption. This arrangement also provides the ferries with enhanced manoeuvrability necessary for navigating in close quarters.

The batteries themselves have projected service lives of 10 to 12 years and are fitted with safety features such as built-in fire extinguishers and gas vents. Quick-disconnect features allow the batteries to be easily removed for replacement or maintenance.

Some of our readers have expressed disquiet at our publication of reviews and articles describing new vessels from Russia. We at Baird Maritime can understand and sympathise with those views. However, despite the behaviour of the country’s leaders, we believe that the maritime world needs to learn of the latest developments in vessel design and construction there.

Click here to read other news stories, features, opinion articles, and vessel reviews as part of this month’s Passenger Vessel Week.

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Tags: Emperium Filka Moscow Moscow Department of Transport and Road Infrastructure Development Moskva River Presnya Russia Sinichka WBW newbuild

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