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:
“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)
“I’ve heard the wolves scuffle, and said: So this
Is man; so what better conclusion is there
The day will not follow night, and the heart
Of man has a little dignity, but less patience
Than a wolf’s....”
—Allen Tate (1899–1979)
“The source of our actions resides in an unconscious propensity to regard ourselves as the center, the cause, and the conclusion of time. Our reflexes and our pride transform into a planet the parcel of flesh and consciousness we are.”
—E.M. Cioran (b. 1911)