Duties of The Buyer
The main duty of the buyer is paying the agreed purchase price of the vessel. Normally, the time of payment is not the essential factor unless there is a related term in the contract. The buyer must also accept delivery under the Sale of Good Act 1979, s27. It is provided under section 227, the payment and delivery should be concurrent unless otherwise stipulated. Of course, the buyer also has the obligations to prevent the misrepresentation during the negotiation stage.
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