Sale & Purchase

• The specialized transaction of buying and selling vessels, requiring technical due diligence, market valuation expertise, and expert legal contract management (e.g., MOA negotiations).

• Asset Valuation and Appraisal: Conducting comprehensive market valuations of vessels, considering age, technical condition, class status, and future market potential.

• Pre-Purchase Technical Due Diligence: Deploying technical experts to review vessel history, maintenance records, and class survey status before an offer is made.

• Memorandum of Agreement (MOA) Drafting: Negotiating the detailed legal terms of the MOA, including guarantees, condition precedents, and delivery protocols.

• Inspection & Trial Coordination: Arranging and supervising physical vessel inspections and sea trials for potential buyers or sellers.

• Financing and Debt Structuring: Coordinating ship finance arrangements, including negotiating loan covenants, security documentation, and mortgage registration.

• Flag and Class Transfer Management: Overseeing the administrative and legal requirements for transferring the vessel's flag registration and classification society membership.

• Closing and Delivery Procedures: Managing the formal transfer of ownership, funds, and physical control of the vessel at the delivery port (closing meeting).

• Scrap/Recycling Market Analysis: Providing advisory services for end-of-life vessels, including optimal timing and compliance with responsible recycling standards (Hong Kong Convention).

• Vessel Search and Sourcing: Proactively identifying suitable tonnage for clients based on their specific trading requirements, budget, and delivery timeline.

• Capital Gains/Tax Implications: Advising on the tax implications of vessel sales and purchases in various jurisdictions to ensure tax-efficient transactions.

• Brokerage and Agency Appointment: Utilizing a global network of reputable S&P brokers to facilitate confidential and efficient market transactions.

• Vessel Modification Planning: Assessing the cost and feasibility of required technical modifications (e.g., BWTS installation) before a purchase decision is finalized.

• Risk Allocation in MOA: Clearly defining and negotiating the transfer of risks (e.g., insurance liability, physical damage) between buyer and seller during the handover period.