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Old 01-17-2007
longwaterline longwaterline is offline
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No more thant 10% of the purchase price should be paid before delivery of the vessel and if they insist on more money than the additional funds should be held in an escrow account and not released until delivery and a satisfactory inspection by a marine surveyor. That way you have plenty of leverage over the process. If your funds are needed to get the work done that would indicate the company is on a shaky footing and you would be best advised to have the boat built elsewhere.
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