The Black Sea Law Company assists Сlients with all aspects of the vessel and yachts sale and purchase process. Sale & Purchase of ships is one of the most important aspects of the shipping industry, which requires different types of knowledge, such as the technical characteristics of the ship, its area of navigation, the corporate structure of the operator, and shipowner, and of course the negotiating skills.
There are three main stages for the sale and purchase of a ship which include: negotiation, verification of the technical characteristics of the vessel, and the final stage – signing the agreement and transferring the vessel and all technical documentation to the new Owner. Legal support of the purchase and sale of ships and yachts is a complex and multifaceted process, and the price of such an agreement can be over 100 million US dollars. That is why Shipowners should enlist the help of highly qualified specialists and avoid all possible negative consequences for their own business.
