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Standard Deposit Escrow Agreement for Ship Sale and Purchase

22 November 2017

The Standard Deposit Escrow Agreement for Ship Sale and Purchase is a contract for depositing money in connection with ship sale and purchase transaction. The latest edition of this contract is the Standard Deposit Escrow Agreement for Ship Sale and Purchase, issued in 2017. Copyright in the Standard Deposit Escrow Agreement for Ship Sale and Purchase is held by BIMCO.

SALEFORM 2012

20 September 2016

SALEFORM is the Norwegian Shipbrokers’ Association’s international memorandum of agreement for the sale and purchase of ships. Copyright in this document is held by the Norwegian Shipbrokers’ Association. The latest edition of this contract is SALEFORM 2012.

Life after death in the Sales & Purchase markets

14 November 2010

Following the ultimate Sales & Purchase peak in 2007 where vessels valued at USD 40 billion were traded, the last 4 months of 2008 and most of 2009 were comparable sinkholes. Now the secondhand markets are on the rise again and on course to hit a total sales value of USD 20 billion for the full year comprising the three main segments, dry bulkers, tankers and container ships. This represent a rise in sales value equal to almost 60% y-o-y, up from USD 12.7 billion in 2009. With only 10% more ships traded – the secondhand value of the fleets have considerably surged.