Ticy Veluvellel Thomas
Centre for Maritime Studies, National University of Singapore, Singapore

B.T.G. Tan
Centre for Maritime Studies, National University of Singapore, Singapore

Abstract

The appended new sale form which is named the “Singapore Ship Sale Form” is a modest attempt to present the shipping community with an alternative standard sale form which, we believe, will cater to the needs of the shipping community. The new Form brings in recent ship sale and purchase practices and incorporates provisions in line with the prevailing stringent maritime security and safety regime. The Form also balances the interests of both buyers and sellers.

Introduction

This paper and the appended new Singapore Ship Sale Form are the result of a study of standard ship sale forms commissioned by the Singapore Maritime Foundation and undertaken by the Centre for Maritime Studies, NUS. The appended “Singapore Ship Sale Form” (SSF) is a modest attempt to present the shipping community with an alternative standard sale form which, we believe, will cater to the needs of the Asian shipping community. The SSF is in a simple and user-friendly format and seeks to balance the interests of both buyers and sellers.

  • Centre of Maritime Studies, National University of Singapore

    The Centre for Maritime Studies is a National University of Singapore research centre specializing in maritime affairs. Launched on June 29th 2005, the centre responds to the need to pool resources together to embark on forward-looking research, capitalising on global trade trends in Singapore and the world.

    We undertake research in areas of relevance to the industry, so as to share timely information, research data and informed views of current topics. In addition, we provide consultancy services on specific matters on demand.

    We believe in sharing useful information that could engage, improve, accelerate and create new opportunities in and for the maritime community : from policy makers, to the business community, academia and the general public.

    We are supported by donations from the maritime community and co-funded by the National University of Singapore.

    The centre’s patron is Mr. Goh Chok Tong and the centre’s first chairman is Tan Sri Frank Tsao. As an autonomous, university-level research institute, the centre is governed by a Board of Directors. The centre’s current Director, Professor Andrew Lim, oversees the centre’s day-to-day operations. The centre consists of Faculty Research Associates and a number of core research staff, supported by a team of administrative staff.

    To support our mission and interact with the industry, activities are organised throughout the year, such as seminars, industry workshops, executive programmes and conferences.

    For details, please visit www.maritimestudies.nus.edu.sg.

Media Contacts
  • Centre for Maritime Studies

    Prof. Bernard Tan
    Director
    phytanb@nus.edu.sg

Continue Reading
  • SMF
  • Expert Analysis

Shipping Briefing – Singapore Ship Sale Form: Commentary and Drafting Notes

The Singapore Sale Form (the “SSF”) is a new pro‑forma memorandum of agreement for the sale and purchase of second‑hand ships introduced by the Singapore Maritime Foundation in January 2011. It is a direct competitor to the widely used Norwegian Sale Form 1993 (the “NSF”) and the Nipponsale 1999 Form (“Nipponsale”) and purports to offer an evolutionary step forward in relation to such contracts (referred to generally in this article as “MOAs”).

  • SMF
  • Expert Analysis

New Singapore Sale Form

There has been wide publicity surrounding the Singapore Ship Sale Form 2011 (“SSF”) which was launched at the Singapore Maritime Foundation’s New Year Cocktail Reception 2011 on 6 January 2011.

  • SMF
  • Expert Analysis

The Singapore Ship Sale Form

The Singapore Ship Sale Form 2011 (“SSF”) was launched with much fanfare at the Singapore Maritime Foundation’s New Year Cocktail Reception 2011 on 6 January 2011. The SMF has been spear-heading the development of the SSF, the preparation of which has taken just under two years to complete.