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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 Lloyd's Open Form, formally "Lloyd's Standard Form of Salvage Agreement", and commonly referred to as the LOF, is a standard form contract for a proposed marine salvage operation. Originating in the late 19th century, the form is published by Lloyd's of London and is the most commonly used form for international salvage.
A hull is the watertight body of a ship, boat, submarine, or flying boat. The hull may open at the top (such as a dinghy), or it may be fully or partially covered with a deck. Atop the deck may be a deckhouse and other superstructures, such as a funnel, derrick, or mast. The line where the hull meets the water surface is called the waterline.
There are many hull types, and a builder should choose the most appropriate one for the boat's intended purpose. For example, a sea-going vessel needs a hull which is more stable and robust than a hull used in rivers and canals. Hull types include: Smooth curve hull: these are rounded and free of chines or corners.
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.
The manufacturing rights were later purchased by John Althouse with the intention of restarting production. No new boats are currently being manufactured. The yachts varied in length from 26 to 44 feet, [2] and included express, sport fisherman, sedan and dual cabin models on a semi-planing hull. The series was made of welded aluminum.
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