Common use of Motor Clause in Contracts

Motor. If the concerned boat has any motors then the “Motor” checkbox should be selected and a recording of the motor’s “Make,” “Year,” horsepower (“HP”), and serial number must be produced. Enough room has been provided for two motors to be documented however if there are more, then additional lines may be inserted. Federal law will require that every (motorized) boat that is less than twenty feet must have a capacity plate displaying the horsepower. If this is not readily available, then the boat’s length must be multiplied by the width of its transom to obtain the boat’s factor which must be compared with Federal Regulations Table 183.53 to obtain the horsepower. It is strongly recommended that a qualified professional (i.e. a Broker or Boat Mechanic) is consulted for this information if it is not readily available on the vessel especially since the structure or design of some boats may cause confusion in reaching an accurate figure.

Appears in 1 contract

Sources: Boat Purchase and Sale Agreement

Motor. If the concerned boat has any motors then the “Motor” checkbox should be selected and a recording of the motor’s “Make,” “Year,” horsepower (“HP”), and serial number must be produced. Enough room has been provided for two motors to be documented however if there are more, then additional lines may be inserted. Federal law will require that every (motorized) boat that is less than twenty feet must have a capacity plate displaying the horsepower. If this is not readily available, then the boat’s length must be multiplied by the width of its transom to obtain the boat’s factor which must be compared with Federal Regulations Table 183.53 to obtain the horsepower. It is strongly recommended that a qualified professional (i.e. a Broker or Boat Mechanic) is consulted for this information if it is not readily available on the vessel especially since the structure or design of some boats may cause confusion in reaching an accurate figure.. 5. Purchase Price (18)

Appears in 1 contract

Sources: Boat Bill of Sale