Buying a Used Boat

This handy guide will provide you with the essential questions that you should be asking the vendor when purchasing a used boat - print this page out and take it with you.

• Is the brokerage a member of an association that requires its members to adhere to a code of practice? For example the BMF, BRBA or ABYA?
• Does the brokerage operate a properly administered designated client account, and will your monies be kept in this account during the brokerage transaction?
• Is there marine finance on the boat? If so, what are the detailed arrangements for payment and discharge of it prior to completion?
• What title documentation will be provided eg Part 1 Registration, Boat Builders Certificate, Bill of Sale, RCD compliance, proof of VAT-paid status. Can you view these documents in advance of completion?
• At what stage do you become responsible for the boat and liable for the payment of insurance and mooring fees?
• What are the arrangements for completion eg payment of monies, handover of keys and title documentation?

Contracts

• Is the brokerage using an approved standard contract such as the standard BMF/ABYA agreements?
• Is the contract subject to sea trial and survey? – this is strongly recommended in all used boat purchases.
• Does the contract contain a specification or inventory?

Post Purchase

• Will the brokerage arrange for a transfer of the registration to your name?
• Can the broker suggest any qualifications / training that you can embark on?

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