Model Format of Boat or Vessel Brokerage Agreement

Model Format of Boat or Vessel Brokerage Agreement

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Boat or Vessel Brokerage Agreement
Boat or Vessel Brokerage Agreement

_, referred to as OWNER, and _, referred to as BROKER, agree:
OWNER herewith grants to the BROKER the exclusive right to sell the vessel
______
, for a period of days. The vessel shall include the following
options, marine electronics and accessories: __________________
in good,
seaworthy, operating condition. A complete description of the vessel is attached hereto as Exhibit

OWNER shall maintain the vessel, marine electronics and accessories in seaworthy condition. BROKER shall have no responsibility for maintenance.

OWNER agrees to permit the BROKER the right to demonstrate the vessel to potential purchasers. BROKER shall be responsible for fuel and crew necessary for demonstration, provided, however, that available on board fuel may be used by the BROKER without obligation to replace or pay for the fuel used. OWNER agrees to maintain insurance on the vessel for customary perils and in the amounts customarily maintained on the vessel. Such coverage shall be primary and BROKER shall be considered as an insured. OWNER agrees, upon request of the BROKER to provide copies of policies or other proof of coverage….

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