Course Info

Length: 6 Days

City: Hamburg

Type: In Classroom

Available Dates

  • Dec-11-2023

    Hamburg

  • Feb-12-2024

    Hamburg

  • Apr-08-2024

    Hamburg

  • June-10-2024

    Hamburg

  • Aug-12-2024

    Hamburg

  • Oct-14-2024

    Hamburg

  • Dec-09-2024

    Hamburg

Dates in Other Venues

  • Dec-18-2023

    Athens

  • Jan-08-2024

    London

  • Jan-08-2024

    Istanbul

  • Jan-22-2024

    Rotterdam

  • Feb-05-2024

    Dubai

  • Feb-19-2024

    Athens

  • Mar-04-2024

    London

  • Mar-11-2024

    Istanbul

  • Mar-18-2024

    Rotterdam

  • Apr-01-2024

    Dubai

  • Apr-15-2024

    Athens

  • May-06-2024

    London

  • May-13-2024

    Istanbul

  • May-20-2024

    Rotterdam

  • June-03-2024

    Dubai

  • June-17-2024

    Athens

  • July-01-2024

    London

  • July-08-2024

    Istanbul

  • July-15-2024

    Rotterdam

  • Aug-05-2024

    Dubai

  • Aug-19-2024

    Athens

  • Sep-02-2024

    London

  • Sep-09-2024

    Istanbul

  • Sep-16-2024

    Rotterdam

  • Oct-07-2024

    Dubai

  • Oct-21-2024

    Athens

  • Nov-04-2024

    London

  • Nov-11-2024

    Istanbul

  • Nov-18-2024

    Rotterdam

  • Dec-02-2024

    Dubai

  • Dec-16-2024

    Athens

Course Details

Course Outline

6 days course

Introduction to (SSP), Market Dynamics, and Ship Types

  • Understanding the Significance of Ship Sale and Purchase in the maritime industry
  • Market Dynamics: Cyclical and volatile nature, factors influencing market trends
  • Different Types of Ships and Their Characteristics
  • Classification Societies and Their Role in Ship Classification
  • Key Parties Involved in Sale and Purchase Transactions
  • International Conventions and Regulations Related to Ship Sale and Purchase

The Shipbroker, Formation of the Sale and Purchase Contract, and Commercial Aspects

  • The Role of Shipbrokers in Sale and Purchase Transactions
  • Shipbroker's Duties and Responsibilities
  • Formation of Sale and Purchase Contracts: Negotiation and Documentation
  • Commercial Aspects of Sale and Purchase: Negotiation Skills and Strategies
  • Practical Exercises: Simulating Sale and Purchase Negotiations

Ship Valuation, Due Diligence, and Documentation, Memorandum of Agreement

  • Methods and Approaches for Ship Valuation
  • Importance of Due Diligence in Ship Sale and Purchase
  • Technical and Legal Aspects of Due Diligence Process
  • Memorandum of Agreement (MOA): Purpose and Structure
  • Detailed Vessel Descriptions and Specifications
  • Pricing Negotiations and Considerations
  • Inspections and Due Diligence in Sale and Purchase

MOA, Documentation, Physical Condition, and Dispute Resolution

  • MOA: Delivery Terms and Conditions
  • Required Documentation for a Smooth Sale and Purchase Transaction
  • Evaluating the Physical Condition of the Vessel
  • Dispute Resolution Choices in Sale and Purchase Contracts

Further Contract Terms, Different Forms of Ship Sale, and Environmental Responsibility

  • Additional Contract Terms and Clauses in Sale and Purchase Agreements
  • Exploring Different Forms of Ship Sale: Newbuildings, Secondhand, and Demolition Sales
  • Managing Difficulties and Challenges in Sale and Purchase Transactions
  • Performance Guarantees and Considerations

Financing, Insurance

  • Financing Options for Ship Acquisition
  • Marine Insurance and Risk Management

Flagging and Registration

  • Flagging Options and Associated Considerations
  • Transfer of Ownership and Registration Procedures

Course Video