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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 .
Under the Sale of Goods Act 1979, this kind of agreement to sell ‘future’ goods may be a sale either by description or by sample. The sale of new building ship, which is large manufacturing project, is obviously undertaken by description. It is a condition to comply with the agreed description when performing the contract.
Hotel ship in Turku, Finland Converted to full time cruise ship Kristina Regina in 1988 Funchal: 1961 1961–2011 Laid up for sale in Lisbon, Portugal Minghua: 1962 1962–1983 Hotel and Entertainment Complex in Shenzhen, China Built as the MV Ancerville for Compagnie de Navigation Paquet. Savannah: 1962 1962–1972 Limited use museum ship in ...
The concept, designed by CallisonRTKL, aims to tackle the oversupply of cruise ships and address a lack of affordable housing in Miami.
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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.
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