Ship Sale and Purchase and Escrow Services

From newbuilds to second hand vessels, we advise clients on ship building, sale and purchase of second-hand vessels, escrow services, reflagging and ship registration or deregistration and acting for various multi-national client companies ( including shipowners, builders and financial institutions). Our ship transaction practice extends well beyond the firm’s well know expertise in ship finance and we provide a wide range of advice to clients in Singapore and other jurisdictions – from the perspective of Singapore law and/or English law in relation to Singapore flagged vessels and convenience flagged vessels (such as Marshall Islands and Liberia flag). The strength of our ship transaction lawyers is grounded in the practical legal and commercial advice given to our clients.

Experience includes:

• Drafting and negotiating shipbuilding contracts
• Drafting and negotiating memoranda of agreement for ship sale transactions and delivery documents
• Escrow services in ship sale transactions
• Assisting with discharge of security (ie mortgage discharge) from ship registry
• Organising and attending various ship closings
• Ship registration with MPA Singapore or other ship registries (such as IRI and LISCR)
• Assisting with reflagging in/out of Singapore jurisdiction