Here you will find a checklist of the main commercial and legal issues that must be taken into account when preparing a boat purchase contract. There are differences in these clauses and vary considerably depending on the circumstances applied. If the buyer is satisfied with the condition of the vessel, the contract may contain the clause that the sale is complete and final and that there is no right of inspection. However, in the case of larger or classified ships equipped with special equipment, the buyer has the right to inspect the ship and its class records and, if he is not satisfied with the condition of the ship, he may terminate the contract and receive the deposit paid or demand an adjustment to the prices. If the contract includes an inspection, the scope of the inspection must be specified and must also contain a timetable, failing which the consequences should be mentioned, as well as the apportionment of inspection costs and the insurance and compensation of inspectors` claims. The main problem in this regard is to ensure that the contract contains the seller`s services, such as the corresponding certificates and other documents necessary for the registration envisaged by the buyer. The contract should contain clauses to provide them as a precondition for payment of the purchase price. This would help the buyer not to chase the seller away after the completion of the transaction for the specific paper needed to register the vessel on behalf of the buyer. These provisions concern the various circumstances that require the buyer for the dry dock or the inspection of divers, who bears the costs of these inspections, which may be based on the results of the inspection, as well as insurance and compensation related to claims during the dry dock.