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The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
Texas Historical Commission 2006 Marker - The Lynchburg Town Ferry. The service would operate 24 hours per day, 365 days a year under the operation of Harris County through June 2004 when hours were reduced to their current times. [3] Replacement vessels have been under consideration by the county since late 2004, but have yet to be ordered. [3]
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In a bare-boat or demise charter, on the other hand, the owner gives possession of the ship to the charterer, and the charterer hires its own master and crew. The bare-boat charterer is sometimes called a "disponent owner". The giving up of possession of the ship by the owner is the defining characteristic of a bareboat or demise charter.
This is a list of boat types. For sailing ships, see: List of sailing boat types
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