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Old 26-06-2009, 21:38   #1
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Join Date: Jun 2009
Location: Singapore
Boat: Cooper 60 Pilothouse Sloop
Posts: 27
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!
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Old 27-06-2009, 02:25   #2
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Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
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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
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Old 29-06-2009, 22:38   #3
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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.
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Old 13-09-2009, 06:26   #4
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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.
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