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Assistance in Sale and Purchase of Vessel

Vessel sale and purchase (S&P) is the specialized maritime process of buying and selling physical ships — ranging from secondhand tonnage to newbuilding contracts — governed by standard legal frameworks.

We assist owners and investors through the S&P process, from broker mandate to closing.

The S&P process

  • Broker Mandate: Appointing specialized S&P brokers to source or list tonnage.
  • Negotiation: Agreeing on price, terms, and signing the Memorandum of Agreement (MOA).
  • Deposit: Placing typically 10% of the purchase price into a secure escrow account.
  • Inspection & Survey: Conducting physical condition surveys, class status checks, and sea trials.
  • Closing: Handing over the Bill of Sale and final funds transfer.

Market Dynamics

Freight earnings, newbuild price floors, and global steel demand evaluated.

Compliance

Ballast water treatment and carbon/emission reduction regulations checked.

Legal Checks

Verifying clear title, absence of maritime liens, and mortgage registry.

Inspection & Survey

Physical condition surveys, class status checks and sea trials carried out.

If you are looking to execute a transaction, tell us whether you are looking to buy or sell, the vessel type (tanker, bulk carrier, container, offshore), and your target age or size range. We can help outline specific brokerage options or valuation metrics.

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