SailNet Community - View Single Post - Sea Trial
Thread: Sea Trial
View Single Post
post #6 of Old 03-19-2009
Finny
Junior Member
 
Join Date: Mar 2009
Location: Chicago
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Quote:
Originally Posted by JohnRPollard View Post
When a closing/settlement date must be scheduled ahead of sea-trial, the customary practice is to place some amount of money in escrow pending sea trial.
What do you think a fair amount to go in escrow would be? Obviously it depends on the boat and engine, but I've had a broker say ~$2000, but should it be more? Will $2000 cover any potential problems? It was the seller's broker after all...

Finny

"Most of my money I spent on boats and women. The rest I squandered."
Finny is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome