Ship Sale and Purchase

Matt Hannaford: Partner, Hannaford Turner LLP specialises in a wide range of transactional shipping law areas including ship finance, newbuilding projects, acquisitions and joint ventures. Matt was a member of the BIMCO documentary sub-committee for the preparation of Saleform 2012, SHIPSALE 22 and Saleform 2025.Paul Turner: Partner, Hannaford Turner LLP has long experience of working with ship owners, ship builders, debt and equity financiers and private equity funds in the cruise ship, tanker, offshore, and mega yacht sectors. Emeritus Editor Iain Goldrein KC: Former Visiting Professor (The Sir Jack Jacob Chair) in Litigation, Nottingham Law School; Companion of the Academy of Experts.

• Foreword by Simon Rainey KC Authors’ Preface Introduction 1A Preamble 1B Definitions CLAUSE 1 Purchase Price CLAUSE 2 Deposit CLAUSE 3 Payment CLAUSE 4 Inspection CLAUSE 5 Time and Place of Delivery and Notices CLAUSE 6 Divers Inspection / Drydocking CLAUSE 7 Spares, Bunkers and Other Items CLAUSE 8 Documentation CLAUSE 9 Encumbrances, Detention and Blacklisting CLAUSE 10 Taxes, Fees and Expenses CLAUSE 11 Condition on Delivery CLAUSE 12 Names and Markings CLAUSE 13 Buyers’ Default CLAUSE 14 - Sellers’ Default CLAUSE 15 Buyers’ Representatives CLAUSE 16 Anti-Bribery and Corruption CLAUSE 17 Sanctions CLAUSE 18 BIMCO Emissions Trading Scheme Clause CLAUSE 19 BIMCO FuelEU Maritime Clause for Memoranda of Agreement 2025 CLAUSE 20 Law and Arbitration CLAUSE 21 Notices CLAUSE 22 Entire Agreement CLAUSE 23 Confidentiality CLAUSE 24 Signature Block CLAUSE 25 Additional Clauses and Provisions Appendix 1 – Saleform 2025 Appendix 2 – Saleform 2012 Appendix 3 – SHIPSALE 22 Appendix 4 – Singapore Ship Sale Form 2011 Appendix 5 – Nipponsale 1999 Appendix 6 – RECYCLECON Appendix 7 – BIMCO Ship Sales Further Trading Clause 2023