This module delivers thorough knowledge and understanding of the practices and the etiquette of this specialist sector of shipbroking.
Through study of newbuilding contracts, second-hand sales and purchases of ships, and the broking of demolition contracts, this unit will develop a solid foundation for those wishing to enter the Ship Sale and Purchase industry or those wanting to expand their knowledge of this sector
The Ship Sale and Purchase course gives students a good grounding for a career in this specialist sector.
Detailed study of the various ship types, their design and construction – including on board machinery – is coupled with teaching on important legislation, the basics of ship registration and classification, and the parties involved in a sale or purchase.
Students will also learn about the geography of the Ship Sale and Purchase trade, the importance of market knowledge to a good Sale and Purchase broker, and commonly used contracts and documentation. The art of negotiation, a vital skill in this sector, will be covered, as will financing and insurance options. Likewise, the duties of a Sale and Purchase broker as a valuer will be examined in tandem with the legal aspects of Sale and Purchase.
