Sale and Purchase of Ship - Conclusion

Conclusion

It is concluded that sale and purchase of ship is one of the most complicated procedure in the shipping industry and it is much more complicated comparing with new building contract of ship. The S&P contract involves different kind of professional knowledge of ship and the bargaining skills. Furthermore, due to the legal effect raised by the Maritime liens attach to the second hand ship, the buyer should further check the history and court writs to reduce the future loss from the purchasing ship. Thus, with regards to the complicated issues of this market, professional shipbroker takes an important role during the transaction.

Read more about this topic:  Sale And Purchase Of Ship

Famous quotes containing the word conclusion:

    We must not leap to the fatalistic conclusion that we are stuck with the conceptual scheme that we grew up in. We can change it, bit by bit, plank by plank, though meanwhile there is nothing to carry us along but the evolving conceptual scheme itself. The philosopher’s task was well compared by Neurath to that of a mariner who must rebuild his ship on the open sea.
    Willard Van Orman Quine (b. 1908)

    I have come to the conclusion that the closer people are to what may be called the front lines of government ... the easier it is to see the immediate underbrush, the individual tree trunks of the moment, and to forget the nobility the usefulness and the wide extent of the forest itself.... They forget that politics after all is only an instrument through which to achieve Government.
    Franklin D. Roosevelt (1882–1945)

    The conclusion has never changed: the worst sort of people come here for the worst sort of reasons and put upon those of us who have conveniently forgotten where we came from and how we got here.
    Anna Quindlen (b. 1952)