What is an MOA boat?

The Moa-class patrol boat is a class of patrol boats built between 1978 and 1985 for the Royal New Zealand Navy by the Whangarei Engineering and Construction Company. They were based on an Australian boat design.

How do you sell a ship?

How to Sell Your Boat

  1. Determine if you are going to sell the boat yourself, or work with a broker or dealer.
  2. Make sure the boat looks and runs as good as possible.
  3. Research the price of similar boats taking make, model, size, and age into consideration.
  4. Decide on an asking price.
  5. Advertise your boat for sale.

What is Moa On rifle scope?

A Minute of Angle (MOA) is simply a measurement of angle that most rifle scopes use as a standard metric of adjustment in windage and elevation turrets. The 20 MOA base points your rifle scope downward in elevation by 20 minutes of angle.

What is ship sale and purchase procedure?

There are three main stages for the sale and purchase of a ship which include (1) the negotiation and contract stage, (2) the inspections stage and (3) the completion. From different stages, it includes different important issues and regulations.

Why does ship sale and purchase take place?

Sale & Purchase Ship sale and purchase brokers (S&P) handle the buying and selling of existing vessels in the secondary market to include newbuildings. The brokers provide information to the parties involved, assist in negotiation of the price and terms on behalf of all principals.

What is the responsibilities of the buyers and sellers of a vessel?

The buyer has to bear all costs and risks from that point of time. Cartage up to the port, inland insurance, port dues and loading charges into the ship are to be borne by the seller. The seller has to take care of all these expenses. The term can only be used for sea or inland water transport.

How legally binding is a memorandum of agreement?

A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks.

What is a memorandum of Agreement (MOA)?

Once the terms are agreed upon, then a Memorandum of Agreement (“MOA”) is drafted – usually, by form and prepared with the assistance of an attorney. Once this is completed, the buyer pays a deposit and organizes any more predelivery inspections while preparing to register the vessel with its chosen flag.

Where can I get help with a vessel sale or memorandum?

If you need assistance with a vessel sale, memorandum of agreement or have questions about maritime law or transactions, feel free to contact attorney John Frazier.

What are the terms of a contract of sale on a boat?

Two essential terms of any contract of sale are the property being sold (ie; the vessel) and its price. Both should be clearly stated. Payment of a deposit by the buyer, to the value of 10% of the purchase price, is standard practice.

How does a ship sale and purchase transaction work?

A ship sale and purchase transaction culminates with its “closing.” Here the buyer and seller (usually on the same day) exchange documents, make payment, and physically deliver and transfer the vessel. It requires careful coordination between various parties who operate in unison to ensure the sale successfully closes.