Vessel sale & purchase

Overview

Buying or selling a vessel is a rather labor-intensive process that requires specialized knowledge and the timely and effective implementation of a set of measures aimed at protecting the client's interests and facilitating the efficient use of the vessel. We provide the following assistance to shipowners who are selling or acquiring vessels:

Searching for a vessel to purchase on the international market or finding a buyer for a vessel for sale

Preparation of draft letters to counterparties in English based on client requests
Negotiations with counterparties.

What we do

Scope of services

Legal assistance

Formation and agreement of transaction terms that protect the client's interests, development of the sales contract, and agreement on the transaction completion mechanism:
Evaluation and agreement on the terms and content of the sales contract proposed by the counterparty, OR provision of a standard international ship sales contract and adaptation of its terms to this case in the client's interest, assistance to the client in negotiating terms with the counterparty
Verification of the legal status and legal history of the vessel and existing encumbrances, assessment of the subsequent risks
Consultations on the list of all documents that the seller needs to obtain from the buyer
Consultations on the list of all documents that the buyer needs to obtain from the seller for the subsequent registration of the buyer's ownership rights and the operation of the vessel, registration of the vessel in the registry of the chosen flag.
Agreement on the sale and purchase of the vessel with the most secure mechanism for the client for the provision of funds against title documents
Consulting on issues related to verifying the legal capacity of the counterparty and the authority of the representative signing the sales contract
Conducting legal review of documents transferred by counterparties in the ship sale transaction
Preparation of transaction documents for signing by the parties
Representing the client's interests during the transaction.

Technical support

Survey (expert inspection) of the vessel immediately before sale/buy
Risk assessment based on existing classification and conventional documents
Audit on ISM/ISPS
Participation in the physical acceptance/transfer of the vessel upon completion of the transaction
Consultations on vessel operation, management, documentation preparation and maintenance, implementation of the Safety Management System, and the Ship Security Plan
Consultations and assistance in staffing the vessel with a qualified crew.

Ship registration, flag jurisdiction selection

Buying/Selling ships on the secondary market; Organizing river and sea towing of floating objects; Sale of old ships for scrap. Ship’s assessment .

Relevant consultations, document preparation, assistance in processing documentation for ship registration
Consultations on choosing a flag jurisdiction and assistance with property registration. The company's employees regularly interact with partner companies, whose main areas of activity are:

Sale of old ships for scrap

The main partner of the company "OCEAN HEART MARINE CO. LTD" is the company "MEGA MARINE LLC"

"MEGA MARINE LLC" with extensive experience in providing brokerage services for the buying and selling of vessels, including the purchase of ships for scrapping, the latter being the company's priority direction with many years of history, has direct contacts with shipbreaking yards around the world.

"MEGA MARINE LLC" maintains direct contacts with dismantlers from various regions, constantly monitors market movements, and can quickly inform you about scrap metal prices.

If you need sell you old vessel for scrap, we will help you sell it for the best price. We have experience in selling ships for scrapping to India, China, Turkey, and Russia. We sell large sea vessels to the main shipbreaking regions: India, China, Bangladesh, Pakistan, Turkey. But, we also have experience in selling small and river vessels for dismantling on inland waterways and in Northern Europe.