Tricia Tong
Senior Associate

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.

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