Ship Sale and Purchase is an essential working guide for anyone involved in the business of making ship sale contracts and also in the resolution of related disputes. It continues to be of great practical use, highlighting typical problems and tensions between the parties to ship sale contracts, as well as best practice.
This sixth edition contains a clause-by-clause commentary on SALEFORM 2012, the latest edition of the highly successful Memorandum of Agreement for the Sale and Purchase of Ships, issued by BIMCO and the Norwegian Shipbrokers Association. Key differences with the previous SALEFORM are described in order to help all involved get up to speed.
Recent case law is evaluated to highlight contractual issues that have arisen in recent years and a comprehensive description of the many ways in which the standard form provisions may be modified to suit the particular requirements of each transaction.
It provides complete coverage on the subject by including a practical overview of two other ship sale contracts, the current (1999) edition of Nipponsale and the first edition (2011) of the Singapore Ship Sale Form.
Table of Contents
1. The Sale and Purchase of Second-Hand Ships 2. Sale and Purchase Brokers 3. Classification Societies 4. Contract Formation 5. Saleform 2012 6. Additional Clauses 7. Payment Methods and Alternative Security Arrangements
Iain Goldrein QC MA (Cantab): Deputy High Court Judge; Panel Deemster of the Isle of Man; Recorder of the Crown Court; Visiting Professor (The Sir Jack Jacob Chair) in Litigation; Nottingham law School; Companion of the Academy of Experts; Council Member: International Institute of Experts (Hong Kong).
Matt Hannaford: Partner, CDG
Matt specialises in a wide range of transactional shipping law areas including ship finance, newbuilding projects, acquisitions and joint ventures, and he is recognised as one of the leading lawyers in ship sale and purchase. Matt was a member of the BIMCO documentary sub-committee for the preparation of Saleform 2012.
Paul A. Turner: Partner, Clyde & Co
Paul works with leading companies in the cruise ship, tanker, offshore, debt and equity financiers, and mega yacht sectors. Plus with shipyards on a wide range of asset and business acquisitions and disposals, joint ventures, construction and conversion projects, and complex operating and financing arrangements.
"The Sixth Edition of Ship Sale and Purchase is welcome, not least because in the four years since the last edition there has been a new Saleform (2012) and the Singapore Ship Sale Form has been issued. This book is the bible of sale and purchase. It is essential for practitioners both legal and commercial because it describes how to do it in the first place and then what happens if it goes wrong. The clear presentational style combined with sufficient detail to explain its analysis makes it a pleasure to read."
International Association of Classification Societies