Course description
Ships number amongst the largest and most expensive moveable structures made by man. The process of their sale and purchase reflects this fact; there is a particular need for commercial precision.
The ship sale and purchase market is cyclical, and at times volatile. Trading conditions for ship sale and purchase, whether generally or for ships in specific sectors, can change quickly in response to global economic conditions. Where a market trend occurs in the time between signing a contract and completing the sale, one party or the other will have a commercial interest in escaping from the contract.
During this course we will develop a knowledge and understanding of ship sale and purchase, of the commercial aspects to enable effective negotiation, of the processes and of the legal framework that provides the “rules”.
Training Course Content
Core Modules
- Module 1 - Introduction to Sale and Purchase, Parties, Roles and Contracts
- Module 2 - The Shipbroker and Formation of the Sale and Purchase Contract
- Module 3- The Memorandum of Agreement Part I: Details, Descriptions, Price and Inspections
- Module 4- The Memorandum of Agreement Part II: Delivery, Documentation, Physical
- Module 5- Condition & Dispute Resolution Choices
- Module 6- Further Contract Terms and Different Forms of Ship Sale
- Module 7- Managing Difficulties, Performance Guarantees and Ship Recycling
Course delivery details
How you'll learn
Every course is broken down into manageable modules, designed to accelerate your learning process through diverse learning activities:
- Work through your instructional material online
- Interact with your peers and learning facilitators through the online forum to discuss subject related issues and to network with your fellow learners
- Investigate relevant, real-world case studies
- Apply what you learn each week to ongoing project submissions
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Lloyd's Maritime Academy
Lloyd’s Maritime Academy was born from Lloyd’s List. Lloyd’s Maritime Academy is the trusted brand for professional development, working with leading academic and industry bodies to provide accredited education and training where it is much needed.We are stepping up investment...