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Singapore: Helmsman Director to hold ‘Masterclass’ on ship sale and purchase agreements

29 Jun 2021

Note: Course dates for the M.I.C.E Global organised ‘Masterclass’ on ship sale and purchase agreement have been rescheduled to take place from 22 to 23 September.  [Updated on 21 July]

The Director of Singapore-based specialist international shipping and commodity law firm Helmsman LLC is holding a ‘Masterclass’ on ship sale and purchase agreement organised by training provider M.I.C.E Global Pte Ltd.

“Sale and purchase law is a highly specialised branch of maritime law. Problems can arise out of the blue, very often in a tight window of a few days before the ship is due to be delivered and paid for,” said Maureen Poh.

“It is vital to get to grips with the problem immediately in order to deal with it effectively.”

Poh added that knowledge from the masterclass can be applied to transactions within the bunker tanker segment.

She notes that the Norwegian Saleform has long been the standard industry contract for the sale and purchase of second-hand ships.

The document has been used all over the world on a daily basis; however, similar to all basic blueprints, it has changed and evolved over the years to accommodate new problems and changing commercial practices.

A new ship sale agreement under preparation by BIMCO is expected to cover several additional issues, reflecting changing problems and needs.

“This masterclass will give you a clear and concise picture of the problems which have occupied the shipping industry in recent years – and some of the problems which have now emerged in the age of COVID-19, sanctions and other global developments.  The masterclass will also discuss solutions to these problems,” states Poh.

KEY BENEFITS OF ATTENDING

  • Analyse potential problems and strategies required that will arise before, during and  after delivery under the NSF
  • Master the strategies on how to deal with problems on the spot and if the deal breaks down
  • Learn key litigation and arbitration strategies and tactics – working with counterparties, arbitrators and courts to resolve the problem in a commercially sensible manner

WHO SHOULD ATTEND
Lawyers, in-house Counsel, ship operators, brokers, finance houses, banks and all those involved in the sale, purchase, finance and escrow arrangements for the sale and purchase of secondhand ships. Teachers, students and prospective students of maritime law interested in sale and purchase issues.

COURSE TIMING
Date: 29 to 30 July 22 to 23 September
Time: 9:00 am to 5:00 pm SGT

COURSE FEE
SGD 1,995 per delegate (Special rate for online training only)
SGD 3,195 per delegate (Original classroom fee)

Note: Delegates interested in attending the ‘Masterclass’ on ship sale and purchase agreement may register through the M.I.C.E Global training portal here.

 

Photo credit: M.I.C.E Global
Published: 29 June, 2021

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