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FAQ: Purchase Offer Form

Offer to Purchase & Sales Agreement

I, ____________________________________ (Buyer) offer to purchase the vessel

Hull #_____________________ Named _______________________________________

State and Registration #_________________________ Length ______ft; Year ________ Manufacturer___________________ for the sum of $ _________________ (US Dollars) from Mr. / Ms. _____________________________________________________(Seller).

SEA TRIAL: The vessel shall be made available for a sailing and motoring sea trial to the Buyers satisfaction, unless otherwise provided herein.

SURVEY: The vessel shall be made available for a marine and engine condition surveys to the Buyers satisfaction at the Buyers expense, unless otherwise provided herein.

CLEAR TITLE: Seller represents that he/she is the legal Owner of the vessel and that he/she has a good and marketable title and lawful right to sell the same. Seller shall furnish title to the vessel free and clear of all debt, claims, liens and encumbrances of any nature or kind whatsoever. The title shall be in accordance with the regulations of the State of _______________, U.S. Customs, U.S. Coast Guard, The Federal, State, County, and City regulatory taxing authorities. The Seller shall discharge all liens, mortgages, and bills of any kind held against the vessel or which may be incurred by the Seller before the consummation of sale and passage of title and possession of the vessel to the Buyer. The Seller agrees not to enter into any other contract for the sale of the vessel while this Agreement is in effect.

CONSUMMATION OF SALE: Upon consummation of sale the Seller will deliver the vessel, all listed equipment and complete documents of title, properly executed for transfer and delivery to the Buyer.

REJECTION OF VESSEL: Should the vessel be rejected by the Buyer, any deposit shall be refunded in full by the Seller to the Buyer immediately upon notice.

SALES TAX: The Buyer shall be responsible for the State Sales Tax.

OTHER CONDITIONS:____________________________________________________

________________________________________________________________________

_______________________________________________________________This contract is binding on the Seller and Buyer.

Buyer:_____________________________________________________Date:_________

Address:___________________________________________________Ph#:__________

* * *

ACCEPTANCE BY SELLER:

The Seller hereby accepts this offer and agrees to be bound by the terms of this contract. Seller agrees to cooperate and give permission for the Buyer to verify the title and ownership of the vessel and hereby acknowledges receipt of a Deposit of US$_________. Balance Due US$_____________.

Seller:______________________________________________________Date:________

Address:____________________________________________________Ph#:_________

Witness:____________________________________________________Date:________

Address:____________________________________________________Ph#:_________

Last modified by Phil Imhof, Wednesday, August 11, 2004 . Copyright 2001 by Catalina 34 International Association.  All rights reserved.