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

PART 5 Ship Conversion Contracts

Law of Shipbuilding Contracts

Page 325 PART 5 Ship Conversion Contracts Ship Conversion Contracts Where the capital cost of a newbuilding cannot be justified in light of hire and freight rates anticipated in the period following her delivery, the owner seeking additional tonnage will often choose to enter the market for a second-hand vessel. Purchasing an existing ship may, however, prove an unsatisfactory means of meeting the owner’s tonnage requirements for the simple reason that the vessels available in the market place will not have been built to the owner’s specifications and standards and may not therefore entirely meet its specific needs.

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