Elias & Co has a dedicated team specialising in Ship Sale and Purchase advising on all areas of the sale or acquisition of ships, new buildings and private yachts. Our team is able to assist the client in the pre-contractual negotiations of the sale or purchase of a ship and drafting of the Memorandum and Agreement and supporting transactional documents such as the Bill of Sale, Corporate Resolutions, supplemental indemnity letters etc. Due to the complexities and jurisdictional borders in such transactions we are also able to co-ordinate and attend to the closing on behalf of either the buyer or the seller.
As part of the ship sale and purchase services our team will also be able to support and guide our client as to choosing the best suited flag for the vessel’s operations and can arrange for all registration formalities, in a number of jurisdictions, keeping the client up to date with flagging requirements.
Having the correct corporate structure is pivotal in shipowning particularly given all the liabilities that are connected with trading a vessel. Elias & Co is able to guide its client’s in setting up a suitable shipowing structure in the various multinational jurisdictions in order to best serve the client’s operational needs.
For any assistance on Ship Sale & Purchase, you can contact our legal team here.
