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Certificate in Ship Sale and Purchase

Lloyd’s Maritime Academy
Course summary
12 weeks
1,699 GBP
Online courses
e-learning / Online / Distance

Course description

Certificate in Ship Sale & Purchase - 12-week distance course on vessel selling & purchasing

In the maritime industry where vessels are commonly bought and sold, there is a demand for professionals with practical knowledge on the processes, protocol and legal frameworks which govern ship sales and purchases. This part-time distance learning course will cover all aspects of the buying and selling process, enabling professionals to successfully negotiate a vessel sell/purchase contact on behalf of their organisation.

In providing a thorough introduction to ship sales and purchases, the course will cover:

  • Parties, roles and contracts involved
  • Drafting and negotiating a contract
  • The commercial aspects of a sale/purchase
  • The legal frameworks around a sale/purchase.
If you want to find out more about Certificate in Ship Sale and Purchase, you can make an information request below and the school will contact you with further information.

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Suitability - Who should attend?

This distance learning training course has been designed for professionals who are either involved in or moving into the sale and purchase of vessels. Qualified candidates may include, but are not limited to:

  • Shipping company personnel and ship managers
  • Shipbrokers and marine surveyors
  • Ship finance and investment managers
  • Technical personnel needing a S&P contractual overview
  • New starters, recent recruits and graduates.

Outcome / Qualification etc.

Upon completion of this training programme, Participants will be awarded a Certificate in Ship Sale and Purchase from Lloyd's Maritime Academy.

Training Course Content

Delivered entirely online, this training course will cover the following topics:

Introduction to Sale and Purchase, Parties, Roles and Contract Forms

  • The parties and understanding their roles
   • Contracts
   • Price assessment, valuations and inspection
   • Choice of flag state by buyer

The Shipbroker and Formation of the Contract in Sale and Purchase

   • The role of the shipbroker
   • Formation of the contract

The Memorandum of Agreement Part I: Details, Descriptions, Price and Delivery

   • The nature of an MOA
   • Details of the parties
   • Description of ship and equipment
   • Price, deposit and payment
   • Inspection and drydocking
   • Delivery
   • Name and markings

The Memorandum of Agreement Part II: Delivery Process, Documentation, Condition and Disputes

  • Delivery process
   • Documentation
   • Delivery of ship
   • Physical ship condition
   • Buyer’s representatives
   • Default
   • Dispute resolution and governing law

The Memorandum of Agreement Part III: Other Terms and Ship Recycling

   • MOA terms outside of the standard process
   • Boilerplate terms
   • Dispute resolution clause
   • Terms in unusual circumstances

Performance Guarantees, Default, Remedies and Arbitration

   • Payment of the purchase price
   • Dealing with the unexpected
   • Remedies
   • Buyer in default
   • Seller in default
   • Sale of ships for recycling
   • Performance guarantees.


The cost of this online training course is £1,599 per Participant (VAT conditions apply).

For those who qualify, early bird discounts may be available.

About provider

Lloyd's Maritime Academy

Lloyd’s Maritime Academy (LMA) is the world’s largest provider for professional development, working with leading academic and industry bodies to provide accredited education and training where it is much needed. LMA is part of KNect365 Learning focusing exclusively on the maritime...

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Contact info

Lloyd’s Maritime Academy

30-32 Mortimer Street
W1W 7RE London

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