* Pantaenius UK Limited is authorised and regulated by the Financial Conduct Authority (Authorised No.308688)
Want to buy a used boat or planning to sell your boat? In both cases, there are a few things to consider so that the sale goes smoothly for both parties. We are at your side with our free, legally verified purchase contract for boats. Take advantage of our expertise - simply print it out and fill it in!
When drafting the content of the purchase contract for boats, we placed particular emphasis on precisely defined regulations regarding the transfer of ownership. This is necessary because the transfer of ownership of movable property is specifically regulated. Thus, the payment of the purchase price does not automatically constitute a transfer of ownership, but the handing over of the boat keys or the keys to the jetty on which the boat is standing, for example, does. The circumstance of transfer of ownership can be problematic for you if damage occurs in connection with the boat for sale, but the buyer does not yet have physical access to the boat. As a rule, damage to the yacht does not fall within the buyer's sphere of risk until the time of transfer of ownership. Accordingly, it is important to record the time of transfer of ownership in writing in a contract such as our sample purchase contract for boats.
The subject of the sale in the Pantaenius boat sales contract is always the boat as such and the inventory according to an inventory list prepared for this purpose. It is advisable for buyer and seller to go through this checklist together item by item in order to avoid disagreements about what exactly is being purchased. Our sample purchase contract for boats includes a handover protocol in which any defects can be recorded in a contractually binding manner for all contractual partners.
Based on the available data from the purchase contract, the buyer receives a free offer for continued insurance. Of course, however, there should be no gap in the cover. Therefore, unless they object, the new owner has provisional cover for one month based on the old liability and/or hull policy(ies). This gives the new owner sufficient time to obtain any comparative offers or to determine their specific needs. The sum insured for liability insurance is the previous sum insured and for hull insurance the purchase price stated in the purchase contract, but no more than the previous sum insured for hull insurance (fixed rate).
