Format of high seas sales Agreement?

Parties:

* Seller: [Name]

* Buyer: [Name]

Date: [Date]

Vessel: [Name]

* Flag: [Country]

* Port of Registry: [City, Country]

Purchase Price: [Amount]

Terms of Payment:

* Down Payment: [Percentage]

* Monthly Payments: [Number] of equal monthly payments of $[Amount]

* Final Payment: [Percentage] of the purchase price due at the closing of the sale

Closing:

* Date: [Date]

* Location: [City, Country]

* At Closing:

- Buyer will pay the final payment

- Seller will deliver clear title to the vessel

- Buyer will take possession of the vessel

Warranties and Representations:

* Seller Warrants and Represents:

- The vessel is free and clear of all liens and encumbrances

- The vessel is in good working order and condition

- The vessel has a valid certificate of seaworthiness

- Seller has the authority to sell the vessel

* Buyer Warranties and Representations:

- Buyer has the ability and authority to purchase the vessel

- Buyer has inspected the vessel and is satisfied with its condition

Governing Law:

* This Agreement shall be governed by and construed in accordance with the laws of [Country]

Entire Agreement:

* This Agreement represents the entire understanding and agreement between the parties concerning the sale of the vessel and supersedes all prior negotiations, understandings, and agreements

Signatures:

* Seller: __________________________________

* Buyer: ___________________________________

Witness:

* 1. __________________________________

* 2. ___________________________________