Marine Equipment Short-Term Loan Agreement

This Marine Equipment Short-Term Loan Agreement ("Agreement") is made and entered into on , by and between:

Lender:
Address:

Borrower:
Address:

1. Description of Equipment

The Lender agrees to loan the following marine equipment to the Borrower:

• Equipment Description:
• Serial/Identification Number:
• Accessories/Additional Items:

2. Loan Term

Start Date:
End Date:

3. Loan Fee (if any)

Amount:
Due Date:

4. Security Deposit (if any)

Amount:
Conditions for Refund:

5. Obligations of the Borrower

• Take reasonable care of the equipment.
• Use the equipment only for its intended purpose.
• Not transfer or lend the equipment to any third party.
• Return the equipment in the same condition as it was received, normal wear and tear excepted.
• Report any loss or damage to the Lender immediately.

6. Liability and Insurance

The Borrower assumes all risks and liabilities during the loan period. Insurance requirements (if any):

7. Return of Equipment

The Borrower agrees to return the equipment to the Lender by the End Date specified above at the following location:

8. Governing Law

This Agreement shall be governed by the laws of .

9. Additional Terms