Sale & Purchase of Vessels
Sale and purchase of used/second-‐hand vessels usually involves 3 main stages:
• The negotiations stage
• The contract stage
• The completion stage
Ship sale and purchase brokers handle the buying and selling of existing vessels in the secondary market to include newbuildings. The brokers provide information to the parties involved and assist in negotiation of the price and terms on behalf of all principals. In addition, the brokers provide assistance in the logistical details for the transfer of title and the vessel to the buyers.
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