The template of the vessel donation agreement is intended for registration of a gratuitous transfer of a vessel from one person (the Donor) to another (the Donee). The document includes important sections:
The subject of the contract is the obligation of the Donor to transfer the vessel to the ownership of the Donee with a detailed description of the characteristics of the vessel, including registry and identification numbers, make and model, type and engine power, year of construction and other individualizing features.
The order of delivery and acceptance of the vessel - the process of transfer of the vessel is formalized by the Act of acceptance and transfer, which is signed by both parties. The transfer dates and the address of the transfer location are indicated.
Confidentiality is the protection of information related to the performance of the contract from disclosure during the term of the contract and the next three years.
Liability of the parties - the terms of liability for breach of contract and the terms of transfer of rights and obligations.
Force majeure is an exemption from liability in the event of force majeure and the procedure for the parties to act in such situations.
Dispute resolution procedure is a mechanism for resolving disputes arising in the course of contract execution, including mandatory pre-trial review procedure.
The term of the agreement is the determination of the date of entry into force of the agreement and the conditions for its termination.
The agreement regulates the nuances of the transfer of the vessel, including the obligations of the parties, confidentiality issues and dispute resolution procedures, ensuring legal protection of the interests of both parties