426 Pages
    by Informa Law from Routledge

    Ship Sale and Purchase is the essential working guide for anyone involved in the business of making ship sale and purchase agreements and also in the resolution of disputes arising out of such agreements.

    The seventh edition of Ship Sale and Purchase contains a detailed clause-by-clause analysis of SHIPSALE 22, the new standard form Memorandum of Agreement for ship sales and purchases published by BIMCO in 2022. This clause-by-clause analysis is supplemented by commentary on the corresponding provisions of the other leading standard forms used in the global shipping markets - SALEFORM 2012 (the latest version of the longstanding standard form produced by the Norwegian Shipbrokers' Association), SINGAPORE SHIP SALE FORM 2011 and NIPPONSALE 1999 - and the main differences between these forms and SHIPSALE 22.

    This edition of Ship Sale and Purchase also contains a comprehensive description of the many ways in which standard form agreements may be modified, through amendments to the printed terms and the use of additional clauses, to suit the particular requirements of the parties to individual transactions. In addition, it analyses relevant decisions of the English courts and arbitration tribunals and explains the implications of these decisions for ship sale and purchase transactions.

    The seventh edition also includes commentary on changes in working practices such as the use of electronic signatures, the practice of "remote" closings, payment mechanisms and the impact of sanctions and anti-corruption legislation.

    As with previous editions, the seventh edition of Ship Sale and Purchase seeks to provide legal analysis, market insight and practical guidance for all those involved in the business of buying and selling second-hand ships.

    Table Of Cases

    Table Of Legislation


    Emeritus Editor’s Preface

    Author’s Preface


    Part 1 - Box Format

    Clause 1 - Definitions And Interpretation

    Clause 2 - Sale And Purchase

    Clause 3 - Subjects

    Clause 4 - Purchase Price

    Clause 5 - Deposit

    Clause 6 - Inspection

    Clause 7 - Buyers’ On-Board Representatives

    Clause 8 - Inspection

    Clause 9 - Dry-Dock Inspection

    Clause 10 - Condition Of Vessel At Delivery

    Clause 11 - Delivery Notices

    Clause 12 - Vessel Delay

    Clause 13 - Bunkers, Oils And Greases

    Clause 14 - Payments

    Clause 15 - Delivery Documents

    Clause 16 - Delivery

    Clause 17 - Post Delivery Obligations

    Clause 18 - Sellers’ Termination Rights

    Clause 19 - Buyers’ Termination Rights

    Clause 20 - Total Loss

    Clause 21 - Sanctions

    Clause 22 - Anti-Corruption

    Clause 23 - Confidentiality

    Clause 24 - Notices And Communications

    Clause 25 - Entire Agreement

    Clause 26 - Bimco Law And Arbitration Clause 2020

    Clause 27 - Bimco Electronic Signature Clause 2021

    Clause 28 - Additional Clauses And Provisions,

    Appendix 1 – SHIPSALE 22

    Appendix 2 - Saleform 2012

    Appendix 3 – SSF2011

    Appendix 4 – Nipponsale 1999

    Appendix 5 – Barecon 2017

    Appendix 6 – SHIPLEASE

    Appendix 7 – LMAA Terms and Procedures 2021



    Matt Hannaford: Hannaford Turner LLP 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 Turner: Partner, Hannaford Turner LLP 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.

    Emeritus Editor Iain Goldrein KC: Visiting Professor (The Sir Jack Jacob Chair) in Litigation; Nottingham law School; Companion of the Academy of Experts.