We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

CHAPTER 1 THE SALE AND PURCHASE OF SECOND - HAND SHIPS

Ship Sale and Purchase

1 THE SALE AND PURCHASE OF SECOND - HAND SHIPS 1.1 INTRODUCTION An owner wishing to sell a ship will often appoint one or more sale and purchase brokers (“S&P” brokers, as they are widely known) and provide them with full particulars covering such matters as the ship’s name, former name(s), flag, port of registry, Classification Society and rating, builder, year of build, type, registered tonnages, dead-weight, draught, speed, fuel consumption, machinery, deck layout, cargo capacity, and the ship’s classification survey status. Armed with such particulars, the owner’s brokers will draw up and circulate an invitation for offers. The content of the invitation will depend on whether the selling owner is willing to disclose its identity and intentions in the market; sometimes the brokers’ brief will be to circulate limited particulars on a “no names” basis.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more