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Ship Sale and Purchase, 7th Edition

Ship Sale and Purchase, 7th Edition

Author: Iain Goldrein; Matt Hannaford; Paul Turner
Publisher: Informa Law
ISBN: 9781138390768

Previous Edition ISBN: 9781842145876
Published In: August 2023
Format: Hardback , 400 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 6,825.00

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Description
Contents
Author

Details

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

Foreword
Emeritus Editor's Preface
Author's Preface
Introduction

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

Iain Goldrein QC practices at the Bar from Chambers at 7 Harrington Street, Liverpool (where he is Deputy Head of Chambers) and at 7 Bell Yard, London. He is a Panel Deemster of the Isle of Man, a Recorder and is authorised to sit as a Deputy High Court Judge. He is a Council Member, International Institute of Experts (Hong Kong) and an advisory editor of Hong Kong Civil Procedure. He is also a Visiting Professor (The Sir Jack Jacob Chair) in Litigation at Nottingham Law School, a Fellow of the Institute of Advanced Legal Studies and an accredited commercial mediator.

Matt Hannaford joined Clyde & Co solicitors as a Partner in March 2005. A member of the firm's transportation finance group, Matt specialises in commercial shipping law with particular expertise in ship finance and ship sale and purchase (including newbuilding projects) and was a member of the BIMCO documentary sub-committee for the preparation of Saleform 2012.

In addition to ship finance work, he regularly advises international maritime clients on mergers and acquisitions, joint-ventures and pooling arrangements. In recent years Matt has been heavily involved in debt finance restructurings, fleet enforcements and advising on insolvency issues. His clients include ship owners and operators, major international banks, ship builders, commodity traders and private equity funds.

Paul Turner is a Partner at Clyde & Co solicitor and a senior member of the firm's shipping, trade & energy group.

He has long experience of working with shipping and offshore companies, debt and equity financiers, shipyards and other industry participants on a wide range of significant asset and business acquisitions and disposals, joint ventures, construction and conversion projects, and complex operating and financing arrangements. His particular areas of interest include the cruise shipping sector, the offshore and tanker sectors, and the mega yacht sector.