SALE AND PURCHASE PROCESS
Sellers send filled demo questionnaire after verifying details with the vessel, recent photos, terms of sale and price either basis delivery at one of the ship recycling yards being Alang, India or Chittagong, Bangladesh or Gadani, Pakistan.
Buyers and sellers negotiate terms and price of the vessel based on current fair market price.
Buyers and sellers agree to main terms which are to be incorporated in the memorandum of agreement.
Buyers and sellers sign agreement based on agreed terms and buyers lodge agreed deposit. Buyers pay balance at the time of delivery at the agreed port of delivery afte which protocol of delivery and acceptance is signed.