SOLE AGENCY BROKERAGE RATES & TERMS OF BUSINESS

COMMISSION (plus VAT): 8% of selling price up to £50,000(min £500), then 6% of selling price over £50,000 up to £100,000, then 6% of selling price over £100,000

As Lead Broker WALTON MARINE LTD may appoint another Agency as Sharing Broker in accordance with BMF/ABYA Codes of Practice

The purchaser will sign our standard Customer Order form when an offer having been made is accepted in principle for the sale of the boat. Brokerage shall be payable by the vendor to WALTON MARINE LTD and shall become due when the purchaser shall have accepted or be deemed to have accepted the boat.

Proceeds due to the vendor from the sale of a boat will be paid to the vendor by cheque or bank transfer within 7 working days from either completion of the sale or bank clearance of the purchaser’s full and final payments, whichever is later.

Brokerage, together with any outstanding mooring, storage, service, title transfer and documentation charges associated with the boat may be retained by WALTON MARINE LTD out of any deposit or payments made by the purchaser and proceeds due to the vendor. Mooring and/or storage charges are payable by the vendor until the boat is removed from the premises and accommodation is provided in accordance with the Conditions of the Standard Mooring Licence, a copy is available on request and on display at the marina office.

WALTON MARINE LTD reserve the right to carry out, at the vendor’s expense, any work necessary to ensure that the boat conforms to the regulations of statutory undertakings and can be displayed for sale in a safe and fully operational state at all times.

WALTON MARINE LTD are entitled to withhold funds, acting as stakeholder, until all the necessary documentation has been completed to enable good and proper title to be transferred to the new owner.

All business is undertaken on the terms sponsored by the BRITISH MARINE FEDERATION [Latest Edition] as displayed on our premises and on our website. The following extracts are brought to your attention.
“We, and our employees, accept no responsibility for loss, damage or delay arising from any cause whatsoever unless such loss, damage or delay was caused by or resulted from our negligence or deliberate act or that of those for whom we are responsible. Subject to that exception, all vessels and gear are repaired, worked on, moved, stored or otherwise managed and kept at the sole risk of the Owner . . . In the interest of safety and expedience, we reserve the right to move any vessel and/or gear at our discretion . . . . All persons using part of the premises and/or facilities for whatever purpose and whether by invitation or otherwise, do so at their own risk, unless any injury or damage to person or property sustained within the premises and/or facilities was caused by, or resulted from, our negligence or deliberate act or that of those for whom we are responsible. . . . . .”

Customers should therefore ensure that their vessels and/or property are adequately insured against all risks including loss or damage whilst viewing: they should also ensure that they are themselves adequately insured against third party risks as they may be liable for damage caused by their vessels, themselves or their crew whilst on or about the premises.