Sale and transfer of vessels requires a professional legal approach in order to comply with often complex requirements imposed by Flag States.
We offer:
- Our legal team supports vessel owners and purchasers, lending institutions and brokers in all legal and administrative issues relating to the sale and purchase transactions of vessels
- We have extensive experience in advising and supporting sale transactions of the various types of vessels worldwide
- We offer legal support in all kinds of vessel transactions: from sale & transfer of the vessels to delivery and deletion of the vessel registration. If desired we remain involved with a transfer process from start to finish, negotiating pricing, drawing up contracts and monitoring the progress of a contract throughout the transfer progress, ensuring that all parties to the agreement remain comfortable throughout the duration of the contract.
Our services comprise of:
- Draft sale & purchase agreements
- Applications for mortgage releases (if any) and letters of consent from lending institutions
- Draft and/or review of the Bill of Sale, Protocol of Delivery and Acceptance, Notice of Readiness and other legal documents pertaining to the transfer of the vessels
- Review, screening and advice on existing and/or proposed sale & purchase agreements
- Review, screening and advice of letters of credit or bank guarantees.