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Ship Sale & Purchase – Basics (Practical Introduction)
3 students
Ship Sale & Purchase – Basics (Practical Introduction)
Practical introduction to ship sale & purchase covering market practice, MOA basics, surveys, delivery and common risks.
Created byMuhammad jabir
Last updated 12/2025
English
What you'll learn
- Understand the complete ship sale and purchase process at a practical, beginner level.
- Identify key parties, documents, and steps involved from initial offer to delivery
- Recognize the importance of due diligence, surveys, PSC history, and classification.
- Recognize the importance of due diligence, surveys, PSC history, and classification.
- Explains the delivery process, required documentation, and common risks involved at the final stage of ship sale and purchase.
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Course content
6 sections • 6 lectures • 40m total length
Requirements
- No prior experience required. Basic knowledge of shipping is helpful but not mandatory.
Description
This course provides a practical and structured introduction to Ship Sale & Purchase, designed for seafarers, shore staff, maritime students, and professionals who want to understand how vessel transactions work in the real market.
The course explains the entire sale & purchase process step by step, from identifying parties and market practice to contract basics, surveys, delivery, and common commercial risks.
The focus is practical understanding, not legal theory.
You will learn:
How the ship sale & purchase market works in practice
Roles of buyers, sellers, brokers, and intermediaries
Basics of MOA (Memorandum of Agreement) and key clauses
Deposits, surveys, and due diligence at a practical level
Delivery procedures, documents, and common risks involved
This course is ideal for:
Seafarers transitioning to shore-based or commercial roles
Maritime professionals dealing with ship operations or management
Students seeking a clear, real-world overview of ship sale & purchase
Anyone new to maritime commercial practice
The content is based on industry practice and operational experience, explained in clear language with real-life perspective.
The course is especially useful for officers, cadets, and shore staff who want to build commercial awareness, avoid common mistakes, and gain confidence when dealing with brokers, owners, contracts, and vessel delivery procedures in real-world maritime transactions.
Who this course is for:
- Beginners in maritime or shipping industry. Professionals seeking a basic understanding of ship sale and purchase