The Maritime Law Series is back with more insightful sessions that aim to guide you in exploring the multiple facets of maritime law. In the third session, it will look into the Sale of Ships and Ship Mortgages.
The Sale of Ships
The process of buying and selling second-hand ships is to a large extent a practical matter, but nevertheless one with serious legal consequences.
This talk will touch on the standard form contracts used in a ship sale– the Norwegian Sale Form, the Nippon Sale Form and the Singapore Sale Form.
It will also touch upon the various security documents used in a ship sale and attempt to set out the remedies available to both buyers and sellers in the event of a default by either party.
Financing ship purchases is complex business. They often involve loans on a syndicated basis by institutional lenders, whether for new-builds, second-hand tonnage, refittings or conversions.
This talk aims to give attendees an introduction to ship mortgages. It will explain briefly the various contracts involved in a ship mortgage transaction – insurances, assignments, undertakings and guarantees.
The talk will end by describing the rights and liabilities of mortgagees and how these rights and liabilities differ between lending and leasing arrangements.
Terms and Conditions
Places are limited and registration is on a first-come, first-served basis.
For events with registration fees, all payments must be made in advance, including bank charges. Registration will be confirmed once proof of payment is provided by email or fax, and full payment is received.
For events that are not organised by Bar Council, please note that you are subject to the relevant terms and conditions specified by the external providers.
Cancellations must be made in writing at least 48 hours prior to the event.
If you have failed to inform the organiser on your cancellation for three consecutive times, you may be blacklisted for future events.
Refunds will be processed after the event is completed. This may take up to 30 business days. The conditions for refunds are as follows:
- Full refunds will be issued if the cancellation is notified to the organiser three business days before the event.
- No refunds will be issued if the cancellation is notified to the organiser less than three business days from the event.
The organiser reserves the right to modify, cancel or postpone the event, should circumstances arise that make such action necessary, whereupon all registration fees paid will be refunded.
You are allowed to transfer your place to another participant, but you must notify the organiser with the necessary details.
CPD points will not be awarded to lawyers and pupils in chambers from Peninsular Malaysia who arrive more than 15 minutes late, are not present throughout the event, or leave before its scheduled end.
The personal information that you provide to the Bar Council, whether now or in the future, may be used, recorded, stored, disclosed or otherwise processed by or on behalf of the Bar Council for the purposes of facilitation and organisation of this event, research and audit, maintenance of a participant database for the promotion of this event, and such ancillary services as may be relevant.
- Materials will be emailed only. No printed notes will be provided.
- No recording of the event is permitted via any means at any time.
- No part of the event content may be used/reproduced in any form without the written and explicit consent of the Bar Council and speaker(s).