The Commercial Vehicle Bill of Sale serves as a crucial legal document in Singapore's commercial vehicle transactions. It is required when transferring ownership of any commercial vehicle, from light goods vehicles to heavy trucks. The document must comply with Singapore's Road Traffic Act and LTA regulations, incorporating specific details about the vehicle, parties involved, and purchase terms. It provides legal protection for both parties and facilitates the official transfer of vehicle registration with relevant authorities.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the sale and brief vehicle description
3. Definitions: Key terms used in the document including Vehicle, Purchase Price, Completion Date
4. Vehicle Details: Complete vehicle specification including registration number, make, model, year, VIN
5. Purchase Price: Agreed price and payment terms
6. Transfer of Ownership: Terms of title transfer and registration procedures
7. Seller's Representations: Declarations regarding vehicle ownership and condition
8. Execution: Signing details and date
1. Warranties: Additional warranties beyond statutory requirements - used when specific guarantees are offered
2. Financing Terms: Details of payment installments - used when sale involves financing arrangement
3. Trade-in Details: Information about vehicle being traded in - used when transaction includes trade-in
1. Schedule 1 - Vehicle Inspection Report: Recent inspection details and condition report
2. Schedule 2 - Service History: Maintenance records and history
3. Schedule 3 - Equipment List: Detailed list of included equipment and accessories
4. Schedule 4 - Registration Documents: Copies of current registration and COE documents
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