SHIP SALE & PURCHASE

AIM:

1) To ensure a thorough knowledge and understanding of the practice and etiquette of this specialist sector of shipbroking, dealing with newbuilding contracts, second-hand sales and purchases and demolition sales.

2) To develop relevant communication skills

THE SHIP

All types of ships.

Terminology of measurements including dimensions, tonnages, cubic capacities, TEUs.

Types of machinery, cargo handling and any other specialised equipment.

Current and future development of vessels new and specialised designs including innovations.

The effects of recent legislation.

GEOGRAPHY

Geographical location of newbuilding yards, demolition buyers and areas where particular types of vessels are utilised. Cargoes and trading routes, physical or meteorological limitations on dimensions and ship types.

REGISTRATION AND CLASSIFICATION

The main and ancillary purposes of ship registration.

Requirements, advantages and disadvantages of various flags; dual flagging.

The role and function of classification societies and classification society registers.

When and how classification may be involved in a ship’s sale.

THE PARTIES INVOLVED

Shipowners - Development of differing types of owning groups e.g. individual entrepreneurial owners, corporate structure, conglomerates, investment groups, pools.

Other parties involved - brokers, charterers, ship breakers, bankers, other financiers, lawyers, notaries, consuls and registrars.

MARKETS

The markets for new building, second-hand and demolition sales and purchases and their inter-relationships.

Factors affecting the market including natural catastrophes, environmental, aid programmes, political crises. Tramps and liners. National traditions and weaknesses.

The production and interpretation of both statistical and written market reports.

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