Aircraft Closing Checklist | |||||||||||
Year: |
| Seller Info: |
| Price: |
| ||||||
Manuf. |
| Escrow Contact: | FIRST
LAST | ||||||||
Model: |
| Buyer Info: |
| ||||||||
SN(s): |
| ||||||||||
REG(s): |
| ||||||||||
[ REQUESTED, SAVED, DRAFTED, DELIVERED, NOTIFIED ] | Overall Completion Rate: | 0% | |||||||||
SQI | ESCRW | SELLER | BUYER | N/A |
| LOI, Counter Offers & Deposit | Date | Details & Notes… | 0% | £ | |
1.10 | £ |
|
| £ | £ |
| Letter of Intent from BUYER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| COUNTER OFFERS |
|
|
|
|
1.11 | £ |
|
| £ | £ |
| Executed Counter Offer from BUYER |
|
| 0% | £ |
1.12 | £ | £ | £ | £ | £ |
| Executed Counter Offer from SELLER to BUYER to ESCROW |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| DEPOSIT & ESCROW |
|
|
|
|
1.13 | £ | £ | £ | £ | £ |
| Deposit Confirmed in ESCROW (Notify BUYER & SELLER) |
| Amount: | 0% | £ |
1.14 | £ |
|
| £ | £ |
| Aircraft Removed from Market (Notify BUYER) |
|
| 0% | £ |
1.15 | £ | £ | £ | £ | £ |
| ESCROW Assigned Point of Contact (Notify BUYER & SELLER) |
|
| 0% | £ |
1.16 | £ | £ | £ | £ | £ |
| Request Closing ESCROW Fees from ESCROW (Notify BUYER & SELLER) |
| Total Amount: | 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| ADDITIONAL |
|
|
|
|
1.17 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
1.18 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
1.10 |
|
|
|
|
|
|
|
|
|
| £ |
2 | SQI | ESCRW | SELLER | BUYER | N/A |
| Aircraft Purchase Agreement (APA) | Date | Details & Notes… | 0% | £ |
2.10 | £ |
| £ |
| £ |
| APA Draft sent to SELLER Review |
|
| 0% | £ |
2.11 | £ |
| £ |
| £ |
| SELLER Revisions Received & Implemented & Approved |
|
| 0% | £ |
2.12 | £ |
|
| £ | £ |
| APA Draft Sent to BUYER for Review |
|
| 0% | £ |
2.13 | £ |
|
| £ | £ |
| BUYER Revisions Received & Implemented |
|
| 0% | £ |
2.14 | £ |
| £ | £ | £ |
| SELLER Approved FINAL Draft Sent to BUYER for Execution |
|
| 0% | £ |
2.15 | £ |
| £ | £ | £ |
| BUYER Executed APA Sent to SELLER for Execution |
|
| 0% | £ |
2.16 | £ | £ | £ | £ | £ |
| FULLY Executed APA Submitted to ESCROW, SELLER & BUYER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| ADDITIONAL |
|
|
|
|
2.17 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
2.18 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
1.10 |
|
|
|
|
|
|
|
|
|
| £ |
3 | SQI | ESCRW | SELLER | BUYER | N/A |
| Aircraft Pre-buy Inspection | Date | Details & Notes… | 0% | £ |
3.0 | SQI | ESCROW | SELLER | BUYER | N/A |
| INSPECTION |
|
|
|
|
3.10 | £ |
| £ | £ | £ |
| Inspection Date Set |
|
| 0% | £ |
3.11 | £ |
|
| £ | £ |
| BUYER Inspection Done |
|
| 0% | £ |
3.12 | £ |
|
| £ | £ |
| BUYER Acceptance/Rejection of Aircraft |
|
| 0% | £ |
3.13 | £ |
| £ | £ | £ |
| BUYER Descrepancy List Sent to SELLER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| APA AMENDMENT |
|
|
|
|
3.14 | £ |
|
| £ | £ |
| Amendment Draft sent to BUYER Review |
|
| 0% | £ |
3.15 | £ |
|
| £ | £ |
| BUYER Revisions Received & Implemented & Approved |
|
| 0% | £ |
3.16 | £ |
| £ |
| £ |
| Amendment Draft Sent to SELLER for Review |
|
| 0% | £ |
3.17 | £ |
| £ |
| £ |
| SELLER Revisions Received & Implemented |
|
| 0% | £ |
3.18 | £ |
| £ | £ | £ |
| SELLER Approved FINAL Draft Sent to BUYER for Execution |
|
| 0% | £ |
3.19 | £ |
| £ | £ | £ |
| SELLER Executed Amendment Sent to BUYER for Execution |
|
| 0% | £ |
3.20 | £ | £ | £ | £ | £ |
| FULLY Executed Amendment Submitted to ESCROW, SELLER & BUYER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| ADDITIONAL |
|
|
|
|
3.21 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
3.22 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
1.10 |
|
|
|
|
|
|
|
|
|
|
|
4 | SQI | ESCRW | SELLER | BUYER | N/A |
| Technical Acceptance, Hard Deposit & Closing Date | Date | Details & Notes… | 100% | © |
4.10 | R | R | R | R | £ |
| Technical Acceptance Received from BUYER |
| APA Schedule E | 100% | R |
4.11 | R | R |
|
| £ |
| BUYER Technical Acceptance Sent to ESCROW |
|
| 100% | R |
4.12 | R |
| R | R | £ |
| SELLER/BUYER Notified/Reminded of Non-Refundable Deposit |
|
| 100% | R |
4.13 | R | R | R | R | £ |
| Closing Date Set |
|
| 100% | R |
| SQI | ESCROW | SELLER | BUYER | N/A |
| ADDITIONAL |
|
|
|
|
4.14 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
4.15 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
1.10 |
|
|
|
|
|
|
|
|
|
|
|
5 | SQI | ESCRW | SELLER | BUYER | N/A |
| Pre-Closing Documents & Requirements | Date | Details & Notes… | 0% | £ |
5.0 | SQI | ESCROW | SELLER | BUYER | N/A |
| TITLE REPORTS |
|
|
|
|
5.10 | £ | £ |
|
| £ |
| Title Reports Received from ESCROW |
|
| 0% | £ |
5.11 |
|
| £ | £ | £ |
| Title Reports Sent to BUYER and SELLER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| LIEN RELEASE |
|
|
|
|
5.12 | £ | £ | £ |
| £ |
| Lien Release Form Sent to Seller |
| Form Generated by Escrow | 0% | £ |
5.13 | £ | £ | £ | £ | £ |
| Lien Release Form Received from SELLER & Sent to ESCROW & BUYER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| INTERNATIONAL REGISTRY |
|
|
|
|
5.14 | £ | £ |
| £ | £ |
| BUYER Consent to International Registry or Waiver Signed |
|
| 0% | £ |
5.15 | £ | £ | £ |
| £ |
| SELLER Consent to International Registry or Waiver Signed |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| FAA AIRCRAFT REGISTRATION |
|
|
|
|
5.16 | £ | £ | £ |
| £ |
| SELLER FAA De-Reg Request Form Created, Signed & Sent to ESCROW |
|
| 0% | £ |
5.17 | £ | £ |
| £ | £ |
| BUYER FAA Reg Request Form Created, Signed & Sent to ESCROW |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| BILLS OF SALE |
|
|
|
|
5.18 | £ | £ | £ |
| £ |
| SELLER Original FAA Bill of Sale Executed & Sent to ESCROW |
| FAA Form 8050-2 | 0% | £ |
5.19 | £ | £ | £ |
| £ |
| SELLER Original APA Warranty Bill of Sale Executed & Sent to ESCROW |
| APA Schedule D | 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| CLOSING INSTRUCTIONS |
|
|
|
|
5.20 | £ | £ | £ |
| £ |
| SELLER Closing Instructions Sent to ESCROW |
|
| 0% | £ |
5.21 | £ | £ |
| £ | £ |
| BUYER Closing Instructions Sent to ESCROW (if Acq.) |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| ADDITIONAL |
|
|
|
|
5.22 | £ |
|
| £ | £ |
| BUYER Sales Tax Verification |
|
| 0% | £ |
5.23 | £ |
|
| £ | £ |
| BUYER Sales Tax Documents |
|
| 0% | £ |
5.24 | £ |
|
| £ | £ |
| Insurance Certficate for Ferry |
|
| 0% | £ |
5.25 | £ |
| £ |
| £ |
| Request DAR for Ferry Permit |
|
| 0% | £ |
5.26 | £ |
| £ | £ | £ |
| Arrange for Pilot/Captain (SIC) |
|
| 0% | £ |
5.27 | £ |
| £ | £ | £ |
| Retrieve Logbooks & Spare Parts for Delivery |
|
| 0% | £ |
5.28 | £ |
| £ | £ | £ |
|
|
|
| 0% | £ |
5.29 | £ |
| £ | £ | £ |
|
|
|
| 0% | £ |
1.10 |
|
|
|
|
|
|
|
|
|
|
|
£ | |||||||||||
6 | SQI | ESCRW | SELLER | BUYER | N/A |
| Closing | Date | Details & Notes… | 0% | £ |
6.10 | £ | £ | £ | £ | £ |
| BUYER Balance of Purchase Funds confirmed in ESCROW |
|
| 0% | £ |
6.11 | £ | £ | £ | £ | £ |
| ESCROW Pre-Closing Statement Received |
|
| 0% | £ |
6.12 | £ | £ | £ | £ | £ |
| BUYER Memorandum of Delivery Sent to ESCROW from BUYER |
| APA Schedule C | 0% | £ |
6.13 | £ | £ | £ | £ | £ |
| BUYER and SELLER Authorization to Close Notification to ESCROW |
|
| 0% | £ |
6.14 | £ | £ | £ | £ | £ |
| ESCROW Wires Puchase Funds to SELLER |
|
| 0% | £ |
| SQI | ESCROW | SELLER | BUYER | N/A |
| ADDITIONAL |
|
|
| £ |
6.15 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
6.16 | £ | £ | £ | £ | R |
|
|
|
| — | £ |
1.10 |
|
|
|
|
|
|
|
|
|
|
|
Aircraft Sales Agent
President & CEO
Chief Financial Officer
