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Factors To Consider in The Process of Ship Sales and Purchases

Check out our powerpoint presentation to know all the factors to consider in the process of ship sale and purchase. Contact for more: 30-2103007223

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Factors To Consider in The Process of Ship Sales and Purchases

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  1. Factors To Consider in The Process of Ship Sales and Purchases Sinotech Marine Corporation

  2. What is Ship Sale and Purchase? Selling ships is a highly specialised and, when successful, highly profitable sector of the shipbroking market. But the process is complicated and the failure rate is high. To have a chance of succeeding, a sale & purchase broker needs to be adept at marketing, maintaining relationships, negotiating, drawing up contracts and assessing documentation. For such requirements avail best ship sale and purchase services from Sinotech Marine Corporation. In order to reduce the number of disputes and smoothen the sale and purchase procedure, normally the shipowner (seller) and the buyer will appoint brokers as middlemen to handle the transaction.

  3. Stages for the Sale and Purchase of a Ship There are three main stages for the sale and purchase of a ship which include (1) the negotiation and contract stage, (2) the inspections stage and (3) the completion. The negotiation and contract stage are the first two steps of the sale of a ship. They are normally carried out by the brokers appointed by both buyer and seller. Initially, the broker of the buyer will make the telex exchange with the seller's brokers to make an invitation to offer. The main concerns of both parties at this stage are the pricing, the particulars of the ship and the lay-days of the transaction. After the forming of contract, it will enter to theinspection stage. There are two major parts in the inspections stage which include the documents inspection and the physical inspection of the ship afloat. For the documents inspection, the buyer will check the ship's class records and certificate records. The final stage of sale and purchase is known as completion stage. It involves pre-delivery matters including inspection of underwater parts by the classification society, delivery of documents and the physical delivery of the ship upon payment of the balance of the contract price.

  4. How Sinotech Marine Assists in Ship Sale and Purchase? Sinotech Marine has been a leading name & pioneer in the marine industry for several years now. Their Marine Inspectors, Surveyors, and Assessors offer ethical and transparent ship inspection services. With their ship inspection services, they aim to mitigate the financial risks. Their services also help in forecasting operating costs and capital expenditure in the next 3 to 5 years of vessel operation after purchase. Minimizing all the hidden costs can be very advantageous while investing in an asset like a ship. They provide data-driven ship condition assessment that helps our clients make wise investment decisions during ship sale and purchase. Connect with Sinotech Marine to make your asset investment fruitful.

  5. Sinotech Marine Corporation in Athena, Greece offers the top-notch ship sales and purchase services. Name: Sinotech Marine CorporationAddress: Ermou 56, Athens, GreecePhone Number: + 30-2103007223Email: enquiries@sinotechmarine.com

  6. Thank You!

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