Course Info

Length: 6 Days

Type: Online

Available Dates


  • Dec-11-2023


  • Jan-29-2024


  • Feb-12-2024


  • Mar-18-2024


  • Apr-08-2024


  • May-06-2024


  • June-10-2024


  • July-22-2024


  • Aug-26-2024


  • Sep-16-2024


  • Oct-07-2024


  • Nov-11-2024


  • Dec-23-2024


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