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Sounds like the seller will carry the loan. They really want to be rid of the boat.The form clarifies all rules and regulations, as well as sets the renting period. What contracts can be canceled within three business days? The latest edition of this contract is SHIPLEASE, issued in 2020. A Vehicle Leasing Agreement allows a buyer to pay toward the purchase of a vehicle over time or lease the vehicle for a pre-set period. Commercial Contract: Optional Clauses (OC5).