Gina Lee-Wan
Partner
Allen & Gledhill, Singapore

Jonathan Choo
Partners
Allen & Gledhill, Singapore

This article was first published on Singapore Law Watch on 6 October, 2017.

With the launch of the Singapore Ship Sale Form and the recent developments to the widely used standard maritime forms, Singapore is well-positioned to continue to gain traction as one of the leading seats of arbitration for the global maritime community, write Allen & Gledhill’s Gina Lee-Wan and Jonathan Choo.

The recent few years have seen significant developments for Singapore arbitration in the maritime sector, the first of which is the launch of the Singapore Ship Sale Form (SSF) by the Singapore Maritime Foundation (SMF) in January 2011.

Prior to the SSF, the most commonly used sale form for second hand tonnage was the Norwegian Sale Form 1993 (NSF93). Given, however, that significant time had lapsed and with that the inexorable developments in maritime law since the introduction of the NSF93, substantial amendments to the standard clauses of the NSF93 were long overdue. Therefore, one of the objectives of the SSF was to refresh and bring up to date existing sale forms (in particular the widely used NSF93) to cater for the new developments over the years, current case law, regulations and practice in sale and purchase transactions of second-hand tonnage.

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