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Shipbuilding, sale, finance and registration

Shipbuilding, sale, finance and registration
Shipbuilding, sale, finance and registration
Chapter 2 discusses the legal instruments framing the shipbuilding and the ship sale contracts, the financing agreements and the registration related thereto. Specific terms of the shipbuilding contract, such as “subject to details” and their impact on the formation of the contract, as well as terms regarding pre-delivery inspections, delivery of the ship and warranties are analysed under English law. The sale of second-hand tonnage relies considerably on standard form contracts to which amendments are invariably negotiated. The most common forms are discussed in this chapter with special consideration given to key features such as the deposit, the Notice of Readiness and the encumbrances on the ship being sold. Ship registration in the British Registry is analysed under the current legal framework. Basic features are outlined, such as the public and private law implications of ship registration, and its voluntary character. Close attention is devoted to the requirements for registration of ships other than fishing vessels and small ships. The evidentiary value the registration provides is also carefully considered in the spheres of both public and private law. This chapter further refers to the ship finance agreement and the main securities for the lender, among which, the mortgage over the ship. The registration of mortgages is outlined, focusing on the protection the registration affords to the mortgagee.
Informa Law from Routledge
Campàs Velasco, Ainhoa
4a084c88-c998-48b1-967e-8546e49aa8c0
Lorenzon, Filippo
e65c2fd0-d877-45d3-9999-62aeda02ffe1
Baatz, Yvonne
Campàs Velasco, Ainhoa
4a084c88-c998-48b1-967e-8546e49aa8c0
Lorenzon, Filippo
e65c2fd0-d877-45d3-9999-62aeda02ffe1
Baatz, Yvonne

Campàs Velasco, Ainhoa and Lorenzon, Filippo (2020) Shipbuilding, sale, finance and registration. In, Baatz, Yvonne (ed.) Maritime Law. 5th ed. Informa Law from Routledge.

Record type: Book Section

Abstract

Chapter 2 discusses the legal instruments framing the shipbuilding and the ship sale contracts, the financing agreements and the registration related thereto. Specific terms of the shipbuilding contract, such as “subject to details” and their impact on the formation of the contract, as well as terms regarding pre-delivery inspections, delivery of the ship and warranties are analysed under English law. The sale of second-hand tonnage relies considerably on standard form contracts to which amendments are invariably negotiated. The most common forms are discussed in this chapter with special consideration given to key features such as the deposit, the Notice of Readiness and the encumbrances on the ship being sold. Ship registration in the British Registry is analysed under the current legal framework. Basic features are outlined, such as the public and private law implications of ship registration, and its voluntary character. Close attention is devoted to the requirements for registration of ships other than fishing vessels and small ships. The evidentiary value the registration provides is also carefully considered in the spheres of both public and private law. This chapter further refers to the ship finance agreement and the main securities for the lender, among which, the mortgage over the ship. The registration of mortgages is outlined, focusing on the protection the registration affords to the mortgagee.

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Published date: 2020

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Local EPrints ID: 469606
URI: http://eprints.soton.ac.uk/id/eprint/469606
PURE UUID: e5d7393f-0186-41d5-af3e-a1f88f936b22

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Date deposited: 21 Sep 2022 16:36
Last modified: 21 Sep 2022 16:36

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Contributors

Author: Ainhoa Campàs Velasco
Author: Filippo Lorenzon
Editor: Yvonne Baatz

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