Course description
The Certificate in Ship Sale & Purchase Training Course is a comprehensive and intensive 10-day program designed to give participants a thorough overview of ship sales and purchases. This training course equips participants with the necessary knowledge and skills to navigate buying and selling, ensuring a smooth transaction. Earners of this certificate will gain a deep understanding of ship sale dynamics, including tax considerations, exemptions, and resale opportunities.
The course covers a wide range of topics, including:
- Ship types, vessel operations and maritime geography relevant to the ship sales market.
- Payment processes and organisational aspects for ship registration, classification, and certification processes.
- Markets and the parties involved, negotiation techniques, contracts and documentation.
- Ship valuation methods, financing and insurance options, and the legal aspects of ship sale and purchase.
- Participants will also gain an understanding of sales tax implications, load line certificates, certificates of registry, exemption certificates, and resale certificates.
Upcoming start dates
Outcome / Qualification etc.
The objectives of the Certificate in Ship Sale & Purchase Training Course are to provide participants with industry-leading knowledge and skills in ship sales and purchases through:
- Learn from industry experts: Participants will be taught by hand-picked industry experts with extensive experience in ship sales and purchases. These experts will share valuable experiences and provide practical solutions that can be directly applied to participants' jobs.
- Facilitate networking: The course provides an excellent opportunity for networking with international shipping peers. Participants can establish long-term relationships within the industry, fostering collaboration and knowledge sharing.
- Enhance proficiency: The course is aimed at practitioners involved in selling and purchasing ships who want to boost their knowledge and become more proficient in ship sales, including tax considerations and understanding of the ship sale process.
- Identify potential challenges: By attending this course, participants will learn to identify potential challenges in the ship sale and purchase process before they become significant problems. This understanding will enable them to ask the right questions to the parties involved and effectively manage their risks and exposures.
- Deeper understanding: Upon course completion, participants will have a much deeper understanding of ship sales and purchases, including documentation requirements and tax implications. They will be better equipped to comprehend and anticipate procedures as buyers and sellers.
Training Course Content
Introduction to Ship Sale and Purchase:
- Overview of the maritime industry and its Stakeholders
- Importance of ship sale and purchase in the industry
- Understanding ship sales and purchases, including tax considerations
- Exemption certificates and their role in ship transactions
Ship Types and Classification:
- Different types of ships and their characteristics
- Classification societies and their role in ship classification
Ship Sale and Purchase Market:
- Market dynamics and trends in ship sales
- Key players and intermediaries involved in ship transactions
Legal Framework:
- International conventions and regulations related to ship sale and purchase
- Contracts and agreements used in ship transactions (e.g., Memorandum of Agreement, Sale and Purchase Agreement)
- Sales tax implications in ship sales
- Resale certificates and their significance in ship transactions
Ship Valuation:
- Methods and approaches for ship valuation
- Factors influencing ship valuation (e.g., age, condition, market demand)
- Purchase price determination in ship sales
Due Diligence:
- Importance of due diligence in ship sale and purchase
- Technical and legal aspects of the due diligence process
- Investigation and documentation for due diligence
Financing and Insurance:
- Financing options for ship acquisition
- Marine insurance and risk management in ship sales
- Tax considerations in ship financing and insurance
Negotiation and Documentation:
- Negotiation techniques and strategies in ship sales
- Preparation and review of relevant documentation
- Detailed description and basis of ship sale agreements
Delivery and Flagging:
- Transfer of ownership and registration procedures
- Flagging options and associated considerations
- Certificate of registry and its significance in ship sales
Dispute Resolution:
- Resolution of disputes in ship sale and purchase
- Arbitration and other legal processes in ship sales
- Tax implications in dispute resolution
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London Maritime Academy
London Maritime Academy provides a wide range of maritime training courses tailored to the global industry. Located in London and known for international standards, we offer diverse Classroom and Online courses taught by highly experienced experts in the maritime sector....