Ince & Co., Singapore
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.
The SSF – for use by those intending to sell/purchase second-hand tonnage – is the product of a drafting committee, consisting of luminaries from Singapore law firms, the English Bar, the local university and shipbrokers.
The SSF aims to set itself apart from existing saleforms, from providing a useful table on the first page that gives a bird’s-eye view of the entire transaction to peppering useful; definitions throughout the Agreement; from providing that the Buyers can/should take photographs when physically inspecting the vessel1, to acknowledging that some documents just cannot be ready until the delivery date2; from reminding parties that sufficient daylight hours are required for underwater inspection3 to specifying that header tanks are not to be considered designated storage tanks4.
Ince & Co.
We are an international commercial law firm that serves its global client base from offices across Asia, Europe and the Middle East. We provide the best quality legal advice and strategic guidance to clients based in four core sectors: Transport, Trade, Energy & Infrastructure and Insurance.
By combining our sector expertise, legal knowledge and market experience, we deliver services in support of our clients’ most complex disputes, transactions and projects.
With over 500 people, including over 90 partners and more than 190 other lawyers worldwide, we practise English, French, German, Greek, Hong Kong and PRC law. Singapore law advice is provided by Incisive Law LLC, with whom we have a Formal Law Alliance. In jurisdictions where we do not have an office, we work with law firms with whom we have established strong relationships.
We enjoy working with our clients and seek to build lasting relationships with them. Understanding the commercial and technical aspects of their business and the markets in which they operate is important to us. It helps ensure that we provide the very best levels of service. We structure our teams to match the issues they face and to deliver the best value for money.
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