Documents given when you purchase a vessel
The checklist for the purchase of a vessel can seem endless and can be a stressful and very time consuming process to perform without the assistance of a professional consultancy firm. The purchase of a vessel is a very important decision to be made in a person’s life and the financial commitment is typically long term, so it is advised to seek professional guidance when purchasing a vessel to ensure you have all the correct documents in place.
For more information on the documents required to purchase of vessel, please click on the following link to view our Yacht & Ship Registration service page.
Documents for a vessel purchase explained
When you purchase a vessel it is important to know the documents you should attain once the deal has been finalized. It is vital to acquire all the relevant documentation, not only to prove that you have purchased the vessel and you are now the legal owner, but also to enable you to get marine insurance and to register the vessel.
The main documents that you will typically receive when you purchase a vessel will include the follow:
- Vessel sale contract signed by vessel owner/dealer and the purchaser
- Closing statement (this includes the costs and funds incurred by the purchaser)
- Invoice and relevant receipts for the purchase of the vessel
- Vessel registration document
- Vessel warranties
- Manuals for the operation of the vessel and operation of vessel equipment
- Service bills (vessel repairs or servicing of vessel equipment)
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