Listing Agreement

LISTING AGREEMENT
made on

Between
Owner/Joint Owners’ Full Name

Telephone Numbers: –
Home……………………………………. Office……………………………… Mobile ……………………….
E-mail: …………………………….

hereinafter called “The Owner”

And

NETWORK YACHT BROKERS VALENCIA hereinafter called “The Broker”
Network Yacht Brokers Valencia is a trading division of Sarmat Investments Spain Ltd. 08896059 Camino canal 91, Ampliación RCNV, local 17A,
46024 Valencia

The Owner is the beneficial Owner (or joint Owner) of: –
Name of vessel: …………………………………….
Description of Vessel: ……………………………………..
HIN of Vessel …………………………………………………………………….
SSR number …………………………………………… or Country of Registration & Number …………………
Where lying …………………………………….
Tax Status …………………………….
Hereinafter called “The Vessel”

  1. The owner authorizes Network Yacht Brokers to offer the vessel described in this document for sale
    for the gross price of …………………..
    And, subject to clause 2 hereof, agrees that should the vessel be offered for sale through another broker or in any other way then;

2
a) The asking price shall not be less than the above price, nor in terms less onerous than those instructed by the owner to the broker or any
variation thereof subsequently agreed between the owner and the broker.
b) The identity of the broker(s) or interested parties shall be disclosed to the Network Yacht Brokers by the owner upon signing of this
agreement.
Interested parties must be recorded before this agreement is signed or the brokerage fee will apply if sold.
(NAME OF OTHER BROKERS OR INTERESTED PARTIES) ………………………………………………………………………………….

  1. If there is no other brokers or interested parties, the owner agrees to sole agency for with Network Yacht Brokers until expiration of 28
    Twenty-Eight Days’ notice in writing from the owner. Such notice shall contain information such as the name of any proposed buyer of
    the vessel that the owner may have introduced before listing the vessel for sale with Network Yacht Brokers.
  2. The owner agrees to pay the broker commission, on the contract price in accordance with the International Boating Industry Code of
    Practise, should the broker introduce a prospective purchaser who contracts to buy or who’s nominee contracts to buy the vessel, the
    owner further agrees that all negotiations with such prospective purchasers (or their nominees) shall be through the broker. The broker
    shall be entitled to half commission on the agreed selling price where a purchaser defaults after agreement and his deposit is forfeit.
    If the vessel is sold to a buyer who was originally introduced by the broker within 6 months of being removed from the market the
    commission fees will still apply.
  3. The owner warrants that there is no marine or maritime mortgage, statutory or other lien and that the vessel is free from all
    encumbrances save as detailed hereon. (Please Print name of finance company or any other lender below, if none please state)
    Finance Lender……………………………………………………….………………………………………………………… Mortgage Acc No……………………………………………………
  4. Without prejudice to any subsisting rights of the broker or the owner under this agreement, either party may terminate this agreement on
    giving twenty-eight days notice at any time to the other.
  5. The owner agrees to keep the vessel fully insured from the date of this agreement to the date of sale, or to the date of termination of this
    agreement, such insurance to cover all viewing and sale arrangements, including sea trials and slipping for survey.
  6. The owner agrees to inform the broker should the vessel be lost, stolen, abandoned, broken up, sold or otherwise disposed of, and if
    sold, agrees to provide the sale details including the purchasers name and address.
  7. This agreement and any contract to sell the vessel arranged by the broker shall be subject to British Law without reference to the country
    of origin or residence of the owner or the purchaser, or the country where the vessel may be lying.
  8. The owner declares that
    a) to the best of his knowledge and belief the particulars given to the broker are correct;
    b) he has the power to dispose of the vessel with concurrence of any joint owner or mortgage or hire purchase company, or company or
    individual having lien on the vessel;
    c) all known defects have been declared.
  9. The owner agrees to indemnify the broker should any of the warranties, agreements and information provided, made or given by the broker
    or owner be incorrect or broken, to the full extent of all costs, disbursements, liabilities, and damages suffered by the broker as a result.
    Note 1 Network Yacht Brokers charge 10% plus VAT commission unless otherwise stated below by the broker.
    …….plus VAT/IVA authorized by ……………………………………………………….

Signed ……………………………………………………………………………

Print ……………………………………………………………………………

Date ……………………………………………………………………………

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