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Ship Sale and Purchase

The participants will gain an overall understanding of the relationships between world economy, seaborne trade and various commodity markets. They will learn how generic economic models are applied in shipping and this will be followed by detailed descriptions of the most important shipping sectors. The participants will also learn the “lifespan” of a vessel: from new building to second- hand market to recycle. This course also enables the participants to understand how shipping industry is connected to port and terminal business and together form the maritime supply chain.

Course Duration 5 Months

Mode of studyClass Room & Online

Course Overview

Ship Sale and Purchase is a must-attend session for everyone involved in the business of negotiating, preparing, and completing ship purchases and sales, as well as establishing ship sale contracts and resolving related issues. Practical advise on new and used tonnage contracts is provided during the session. Discusses common issues and conflicts that arise in ship sale contracts, as well as best practices. The current (1999) edition of Nipponsale and the first edition (2011) of the Singapore Ship Sale Form provide a practical overview of two different ship selling contracts.

Program Benefits 
Classes led by Industry Experts

Upon completing the course, the participants will understand how shipping industry is connected to port and terminal business and together form the maritime supply chain. 

Understand Ship sale and purchase

It provides a unique opportunity to understand relationships between world economy, seaborne trade and various commodity markets

Huge demand

Logistics & SCM sector has a booming demand for qualified and trained SCM professionals across industries and functional roles.

Who can join this program? 

Professionals interested in world economy, seaborne trade and various commodity markets

Professional who want to gain real time experience maritime supply chain.

Professionals interested in purchase and sale of vessels.

Course Content

Purchase price – Spares, bunkers and other items.

Buyers’ default – Deposit – Documentation.

Sellers’ default – Payment – Encumbrances.

Buyers’ representatives – Inspection – Taxes, fees and expenses – Law and arbitration.

Time and place of delivery and notices – Condition on delivery.

Notices – Divers inspection / dry docking – Name / markings – Entire agreement.

Additional clauses – Payment methods – Security – Brokers – Class societies.

Ship Registration: Law and Practice

Law of Ship Mortgages