”We recommend Gordon Low and his team of NZ Boat Sales to anyone who wants to sell or buy a throw. We were first buyers last year and found Gordon to be extremely honest and trustworthy. He held our hands all the way through negotiations, the surveying process, maritime testing, insurance – even membership in the boat club. He`s been in touch all last year, and we appreciate everything he`s done for us. It is in promises and on delivers.” Dawn and Keith Vallance, Rangiora. This article should not be used as legal advice, but should highlight some important areas that should be taken into consideration when purchasing a ship. If you are thinking of buying a boat, please contact us and we will be happy to help. The consequences of purchasing a vessel with a registered mortgage include: a) incapacity: transfer the registered ownership of the vessel, and b) the strong possibility that the vessel may be stopped by the financier under the Admiralty Act of 1973 (or similar legislation in other jurisdictions) if the seller has not communicated or obtained the consent of the mortgageee for sale , triggering a ”delay event” as part of the mortgage, which is probably avoided in the event of a limited duty of care! Yes, we are committed to ensuring the safety of the boats and guiding you through the bases… All parts of the service. First of all, if the transaction is really great for you, then it may be big enough to get a lawyer involved.
This is because many negotiations take place during and after the development of the agreement. The agreement is where many key decisions are made, including pricing, payment (as in, how to pay?), etc. Given that the seller is in the best position to know if there are (or could be) potential claims or pledges (during his or her ownership) that may arise in the future, it is customary and highly recommended that the sales contract includes guarantees from the seller, that there are no receivables, charges, etc., as well as compensation that should arise from claims that relate to something before the count that it is the seller`s responsibility. There is no doubt – a sign attracts buyers! The more people see your boat for sale, the better. Some negatives – people sometimes climb on the boat without the agent and worst of all, they attract other agents – those who can not be bothered to list their own boats! They usually gush a line on a ready buyer and wait.
