37.9574326 23.7182377 Date/Time Date(s) - 08/11/2022 - 09/11/20229:00 am - 5:00 pm Location Grand Hyatt Categories For further information, please contact: BIMCO Tel: + 45 4436 6832 Email: [email protected] Register here Overview The Sale & Purchase (S&P) Masterclass examines the mechanisms and processes behind the sale and purchase of vessels. What will you learn? Some of the topics the course will cover are: Introduction to BIMCO's new form SHIPSALE 22 The development of SALEFORM from 1987 to 1993 and to 2012 and how it compares with SHIPSALE 22 Memorandum of Agreement (MOA) – legally defined Physical condition of the vessel; sale by description, inspections regime The sale price; market value, spares, exclusions, bunkers, taxes, fees, expenses Sellers' obligation to deliver the vessel free from encumbrances Examination of the choices of governing law and arbitration Overview and analysis of dispute resolution options and their pros and cons Non-performance; Force Majeure, total loss, Buyer's breach, Seller's breach Entire Agreement clause Payment considerations; Lodging the Deposit, Payment of the Purchase Price, Payment for bunkers, greases and oils Pre-delivery timetable; Initial vessel inspection, Buyers' on-board representatives, Notices, vessel location and NOR, Diver's Inspection / Drydocking, Process for measuring bunkers and identifying inventory Delivery; Financial closing meeting and documentary requirements Post-delivery considerations; Change of name / funnel markings, Post-delivery documentary obligations, Seller's warranties, Latent defects Why choose to participate? The seminar has been expanded from one to two days and now covers all aspects of the Sale & Purchase process.

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