Buying in Canada

windships · 26-06-2009, 22:38

Hi everyone:
I'm new to the discussion board, so I apologise for sounding a little green here.

I am looking to buy a boat in Canada and shipping it to Asia, where I live.

What is the proceedure to buy in Canada? I am dealing with the sellers broker directly and I'm wondering if it's prudent to engage a solicitor or lawyer to ensure the boat is unemcumbered and the transaction goes smoothly.

Any advice or recommendations would be appreciated.
Thanks!

GordMay · 27-06-2009, 03:25

Greetings and welcome aboard, windships.

Yes, presuming you are undertaking a long-distance purchase (boat in Canada, you in Singapore), I’d hire both a surveyor and a buyer’s broker (or lawyer).
Any deposit should be secured in a trust acount.

Buying a Boat in Canada

➥ Buying a Boat - Paperwork - Office of Boating Safety - Design, Equipment & Boating Safety - Marine Safety - Marine Transportation - Transport Canada

➥ Pat's Boating in Canada: Boat Costs

➥ How to Buy a Boat - Compare Boats to Find Your Ideal Craft

Sailormann · 29-06-2009, 23:38

I concur that you need representation, a surveyor definitely, and I would suggest a lawyer (solicitor) rather than a buyer's broker, as they will have access to security documentation that a buyer's broker may not. Also, see if it is possible to buy the boat using a Letter of Credit rather than pre-payment. That way you will have some recourse if the boat is not as described, or just does not arrive.

windships · 13-09-2009, 07:26

Thanks for the advice. Hired a lawyer and it was the best thing I ever did. He brought "power" to the table and saved me a heap of money. He has assisted in each step, as this was quite a complex deal, given the boat was being purchased for export. - Yes, I bought the boat! She's beautiful.

26-06-2009, 22:38	#1
windships Registered User Join Date: Jun 2009 Location: Singapore Boat: Cooper 60 Pilothouse Sloop Posts: 3	Buying in Canada Hi everyone: I'm new to the discussion board, so I apologise for sounding a little green here. I am looking to buy a boat in Canada and shipping it to Asia, where I live. What is the proceedure to buy in Canada? I am dealing with the sellers broker directly and I'm wondering if it's prudent to engage a solicitor or lawyer to ensure the boat is unemcumbered and the transaction goes smoothly. Any advice or recommendations would be appreciated. Thanks!

27-06-2009, 03:25	#2
GordMay Registered User Join Date: Mar 2003 Location: Thunder Bay, Ontario - 48-29N x 89-20W Boat: C.L.O.D. (Cruiser Living On Dirt) Posts: 12,524 Images: 232	Greetings and welcome aboard, windships. Yes, presuming you are undertaking a long-distance purchase (boat in Canada, you in Singapore), I’d hire both a surveyor and a buyer’s broker (or lawyer). Any deposit should be secured in a trust acount. Buying a Boat in Canada ➥ Buying a Boat - Paperwork - Office of Boating Safety - Design, Equipment & Boating Safety - Marine Safety - Marine Transportation - Transport Canada ➥ Pat's Boating in Canada: Boat Costs ➥ How to Buy a Boat - Compare Boats to Find Your Ideal Craft __________________ Gord May ~~_/)_~~ (Gord & Maggie - "Southbound") "If you didn't have time/$ to do it right in the first place, when will you get the time/$ to fix it?"

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29-06-2009, 23:38	#3
Sailormann Registered User Join Date: Mar 2007 Posts: 232	I concur that you need representation, a surveyor definitely, and I would suggest a lawyer (solicitor) rather than a buyer's broker, as they will have access to security documentation that a buyer's broker may not. Also, see if it is possible to buy the boat using a Letter of Credit rather than pre-payment. That way you will have some recourse if the boat is not as described, or just does not arrive.

13-09-2009, 07:26	#4
windships Registered User Join Date: Jun 2009 Location: Singapore Boat: Cooper 60 Pilothouse Sloop Posts: 3	Thanks for the advice. Hired a lawyer and it was the best thing I ever did. He brought "power" to the table and saved me a heap of money. He has assisted in each step, as this was quite a complex deal, given the boat was being purchased for export. - Yes, I bought the boat! She's beautiful.