Ship Sale and Purchase Agreements

A Ship Sale and Purchase Agreement is a legal contract detailing the sale of a ship from one party to another. It outlines key terms such as the sale price, payment schedule, condition of the vessel, and responsibilities of both the buyer and seller. This agreement protects both parties by clarifying expectations, handling inspections, and addressing potential issues, such as disputes or breaches of contract. Essentially, it serves as a formal arrangement to ensure a smooth transfer of ownership and mitigate risks involved in the transaction.