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Terms & Conditions

Privacy Policy - The Basics

What to Include in the T&C Document

Last Updated: May 2026

Entity: SALT Brokerage 

Website: saltbrokerage.com.au

Contact Email: hello@saltbrokerage.com.au

Welcome to SALT Brokerage. These Terms and Conditions (“Terms”) govern the relationship between SALT Brokerage (“the Broker”, “we”, “us”) and any individual or entity engaging our services as a boat seller (“the Seller”) or prospective buyer (“the Buyer”). By listing a vessel with us, signing a brokerage agreement, or submitting a deposit, you agree to be legally bound by these Terms.

 

1. NATURE OF THE SERVICE

SALT Brokerage operates a fully mobile, digital-first marine brokerage model. We do not operate fixed, high-overhead physical retail yards or showrooms.

  • We travel directly to the vessel's location to execute marketing media, handle buyer inspections, and coordinate logistics.

  • All physical vessels remain under the care, control, and storage custody of the Seller until a transaction is fully settled and handed over to a Buyer.

 

2. LISTINGS, ACCURACY & WARRANTIES

  • Seller Obligations: The Seller warrants that they hold clear, unencumbered legal title to any vessel listed with us. The Seller must disclose any existing finance, encumbrances, structural defects, or major mechanical histories prior to listing.

  • Content Accuracy: While SALT Brokerage assists in creating high-end marketing media (including 4K drone photography and listing descriptions), the Seller is ultimately responsible for verifying that all specifications, engine hours, and inventory lists are 100% accurate before the listing goes live.

  • No Broker Liability: SALT Brokerage acts strictly as an agent. We give no warranty as to the condition, seaworthiness, or mechanical reliability of any pre-owned vessel.

 

3. COMMISSION, FEES & EXCLUSIVITY

  • Standard Rate: Our standard brokerage commission is 10% of the final agreed gross sale price of the vessel (unless explicitly varied in writing via an Exclusive Brokerage Agreement).

  • Exclusivity Period: During the agreed exclusivity period (typically 90 days), if a vessel is sold to any buyer—including buyers sourced directly by the Seller or via another party—the standard 10% commission remains fully payable to SALT Brokerage.

  • Direct Deduction: The Seller explicitly authorizes SALT Brokerage to hold all buyer deposit and settlement funds in our secure operating account and to deduct our 10% commission directly from the proceeds prior to releasing the net balance to the Seller.

 

4. DEPOSITS, INSPECTIONS & SEA TRIALS

  • Holding Deposits: A conditional holding deposit (typically 10% of the purchase price) is required from a Buyer to secure a vessel and initiate formal sea trials or mechanical inspections.

  • Refundability: Deposits are held securely by the Broker. If a vessel fails a professional mechanical inspection, hull survey, or sea trial to the Buyer's reasonable satisfaction, the deposit will be refunded in full to the Buyer, and the transaction will be terminated without penalty to the Broker.

  • Sea Trial Risk: The Seller must ensure the vessel maintains active, comprehensive marine insurance coverage during any sea trials. The Seller or an approved technician must be present to operate the vessel during sea trials unless otherwise agreed.

 

5. LIMITATION OF LIABILITY

To the maximum extent permitted by the Competition and Consumer Act 2010 (Cth) and Australian Consumer Law:

  • SALT Brokerage will not be held liable for any indirect, incidental, or consequential damages, including loss of profits, vessel damage, or personal injury occurring during viewings, inspections, sea trials, or transit logistics.

  • Our maximum liability to any party under these Terms is strictly limited to the total amount of commission fees paid to us during the specific transaction in dispute.

 

6. INDEMNITY

The Seller and Buyer agree to indemnify and hold harmless SALT Brokerage, its directors, and operators against any claims, losses, liabilities, or legal costs arising out of a breach of contract, misrepresentation of vessel specs by the seller, or hidden defects discovered post-settlement.

 

7. GOVERNING LAW

These Terms are governed by and construed in accordance with the laws of New South Wales (NSW), Australia. Any legal disputes or actions arising out of our services will be subject to the exclusive jurisdiction of the courts of NSW.

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