SALE & PURCHASE (S&P) SHIPBROKER
Sale & Purchase Shipbrokers are specialized intermediaries in the maritime industry who facilitate the buying of ships for variety of purposes. This can include the sale of second-hand vessels or the contracting of the new ship from shipbuilding yards.
Sale & Purchasing Shipbrokers must have deep knowledge of the shipping industry, including the types of ships available, their technical specifications, and their potential uses. They must also understand the current market conditions, including supply and demand dynamics, pricing trends, and the factors that may affect future ship values.
The process typically involves:
- Evaluation: This involves an assessment of the ship’s condition and value. It usually includes an appraisal of the vessel and may involve a physical inspection of the ship.
- Negotiation: Once a potential buyer is found, the broker negotiates the terms of the sale. This can include the price, the delivery date, and other key details.
- Contracting: After the terms have been agreed upon, the broker helps to finalize the contract. This includes ensuring that all necessary paper work is completed and that legal requirements are met.
- Delivery: Once contract is signed, the broker may also help to facilitate the delivery of the ship to the new owners.
Sale & Purchase shipbrokers can work with a variety of clients, including ship owners, charterers, and investors. They may be involved in the sale and purchase of all types of vessels, from bulk carrier and container ships to tankers, cruise ships, and offshore vessels. In return for services, S&P shipbrokers earn commission, typically a percentage of the transaction value. It’s important to note that they have a fiduciary duty to their clients to ensure the best possible terms and conditions in every transaction.