On Tue, 07 Mar 2006 20:45:36 -0500, Jeff wrote:

Personally, I don't
think this should be used to lower the price unless there is a
specific serious problem uncovered,

I disagree. If the survey and/or sea trial turns up issues that you
did not know about at the time of your offer, you are perfectly
entitled to renogotiate. Some sellers will stone wall on that. If
so, excercise your purchase contract option to reject the vessel and
notify both the seller and broker via fax and letter. You did include
that clause in your agreement, right?

That will usually get things moving again quickly. The broker is
eager to see the deal go down and will put a lot of pressure on the
seller.