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To reduce the number of disputes and smoothen the sale and purchase procedure, normally the ship-owner (seller) and the buyer will appoint brokers as middlemen to handle the transaction. There are three main stages for the sale and purchase of a ship which include: (1) the negotiation and contract stage, (2) the inspections stage, and (3) the ...
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in bulk. Major types of tankship include the oil tanker (or petroleum tanker), the chemical tanker, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine.
Sale & Purchase ("S&P") brokers handle the buying and selling of existing vessels in the secondhand market or contract new ships (called newbuildings in industry parlance) from shipbuilding yards. S&P brokers promote opportunities and discuss market trends with shipowners, charterers, investors and bankers, as well as reporting on market sales ...
A tanker is a ship designed to transport liquids in bulk. Tankers can range in size from several hundred tons , designed to serve small harbours and coastal settlements, to several hundred thousand tons, with these being designed for long-range haulage.
The pump room for the ships cargo had no working ventilation. Due to the poor condition of the tanker, the inspectors requested an ISM assessment, before the ship will be allowed to leave. [35] On 13 January, Risto Lohi, the head of the Finnish investigation said that when the tanker was boarded the crew had been "poised to cut more cables". [36]
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An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers . [ 3 ]