Sales & Purchase Advisory
The S&P market is a very volatile market and as a result the building, buying, selling and scrapping of ships is fraught with financial and legal risk, which can often lead to misunderstandings and disputes, which need to be resolved quickly and efficiently to avoid financial penalties. SOT is very active in the S&P market and has successfully concluded more than 20 contracts during the past 4 years alone.
SOT is experienced in providing clients with the following services related to S&P:
- • Identification, Pre-purchase Ship inspections and valuation of suitable ships
- • Negotiation and evaluation of S&P Memorandum of Agreements
- • Documentation associated with S&P transactions
- • Budgeting for and supervision of Dry-docking and repairs