SHIP SALE & PURCHASE AND ESCROW SERVICES

PD Legal offers a comprehensive suite of advisory services in the maritime sector, encompassing shipbuilding, conversion and repair, sale and purchase of second-hand tonnage, reflagging, and ship registration or deregistration and escrow services.

We cater to a diverse range of clients, including shipowners, builders, and financial institutions. Our expertise spans beyond ship finance, providing extensive ship transaction services under both Singapore and English law, applicable to vessels which are Singapore-flagged or registered under flags of convenience. Our ship transaction lawyers are distinguished for their practical legal and commercial advice.

Our areas of experience include:

  • Providing escrow services in ship sale transactions
  • Drafting and negotiating shipbuilding and conversion contracts
  • Assisting with the discharge of security (e.g., mortgage discharge) from ship registries
  • Drafting and negotiating memoranda of agreement for ship sale transactions and delivery documents
  • Registering ships with the Maritime and Port Authority of Singapore (MPA) or other ship registries (such as the International Registries, Inc. (IRI) and the Liberian International Ship & Corporate Registry (LISCR))
  • Organizing and attending various ship closings
  • Assisting with reflagging in and out of Singapore jurisdiction