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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.
The concept, designed by CallisonRTKL, aims to tackle the oversupply of cruise ships and address a lack of affordable housing in Miami.
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 ...
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In a ship mortgage or ship hypothec (civil law term, covering also a maritime lien), a shipowner gives a lender (or mortgagee) a security interest in a ship as collateral for a mortgage loan. Similar to other types of mortgages , a ship mortgage legally consists of three parts: the mortgage loan, the mortgage document (deed) and the rights ...
[1] [2] They specify the name of the ship, the conditions of employment (including the size and ratings of the intended complement), seafarer's compensation (shares or payments), the nature of the voyage(s) and duration, [3] and the regulations to be observed aboard ship and in port, including punishable offenses and punishments.
In addition to this the ship, not having bow thrusters, needed costly assistance from tugs every time she visited a port. [6] When another more profitable lease agreement presented in June 2003 for the MS Regal Empress, being a less restrictive ship than the OceanBreeze, Imperial Majesty Cruises decided to sell OceanBreeze for scrap. [1]