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  2. Sale and purchase of ship - Wikipedia

    en.wikipedia.org/wiki/Sale_and_purchase_of_ship

    To terminate the sales and purchase contract, there are two main procedures and the buyer must follow these steps: Firstly, the buyer should put a notice to inform the seller that there is an encumbrance he/she is aware of and, secondly, the buyer should seek clarification on the seller's intention concerning the encumbrance by specifically ...

  3. How much does a boat cost to purchase and own? - AOL

    www.aol.com/finance/much-does-boat-cost-purchase...

    For example, a boat that cost $20,000 to purchase would cost roughly $2,000 a year to maintain. Examples of typical boat maintenance include: Painting the hull. Cleaning the deck.

  4. How to finance a boat: 5 steps & where to find the best loans

    www.aol.com/finance/everything-know-financing...

    Boat loans are a type of installment loan that is used specifically for the purchase of a vessel. These loans can be secured or unsecured and typically have repayment terms of two to 15 years.

  5. Bareboat charter - Wikipedia

    en.wikipedia.org/wiki/Bareboat_charter

    In a bare-boat or demise charter, on the other hand, the owner gives possession of the ship to the charterer, and the charterer hires its own master and crew. The bare-boat charterer is sometimes called a "disponent owner". The giving up of possession of the ship by the owner is the defining characteristic of a bareboat or demise charter.

  6. Shipbuilding contract - Wikipedia

    en.wikipedia.org/wiki/Shipbuilding_contract

    Shipbuilding contract, which is the contract for the complete construction of a ship, concerns the sales of future goods, so the property could not pass title at the time when the contract is concluded. The aim of shipbuilding contract is to regulate a substantial and complex project which the builders and buyers assume long-term obligations to ...

  7. Buying a Boat Can Be a Huge Mistake — Here's Why - AOL

    www.aol.com/36-reasons-not-buy-boat-110000551.html

    A boat purchase can be initially thrilling but lead to regret. Thomas Jepsen of Passion Plans is a buyer who doesn’t use his boat nearly as often as he expected. “It's much better to simply ...

  8. Ship mortgage - Wikipedia

    en.wikipedia.org/wiki/Ship_mortgage

    In a ship mortgage or ship hypothec (civil law term, covering also a maritime lien), a shipowner gives a lender (or mortgagee) a security interest in a ship as collateral for a mortgage loan.

  9. Should I buy a boat or rent one? Consider these factors - AOL

    www.aol.com/finance/buy-rent-boat-factors...

    The boat may not be in tip-top condition: Whether you rent through a boat rental company or a peer-to-peer rental service, you don’t have control over the condition of the boat. Make sure you ...

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