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LEADING CASH BUYER OF SHIPS AND
ENERGY ASSETS WORLDWIDE
Receive offers from various brokers world wide.
Check registry of the vessel including complete details with plans,photos, proof of Light Weight & Other material information
If the sellers terms are to sell the vessel on 'AS IS Where IS Basis' we request for the delivery cost from our Ship Managers
After reviewing all the details & doing our costing we place the initial offer with the broker based on the seller's terms
Sellers then evaluate our offer and send a counter price to all the buyers or top cash buyers depending on the seller will.
After receiving the counter we either have to accept or give a revised offer to the sellers in which the broker guides us on what he feels could be the closing price. After sending revised offer they may recounter or accept the offer
Once offer is accepted the broker sends an confirmation email to all the parties.On acknowledgement of the confirmation letter the broker will prepare a recap of the whole deal which both sellers & buyers have agreed to avoid any misunderstandings in future.
After the recap is confirmed, the sellers will provide a draft MOA. Nowadays the draft MOA terms a re sent at first along with the vessel details which all buyers need to agree and accept the terms before bidding.
The MOA is signed by both the parties via email communication.
Once offer is accepted the broker sends an confirmation email
After confirmation email is received the broker will prepare the recap of the whole deal which both sellers & buyers have agreed to avoid any misunderstandings in future
Receive offers from various brokers world wide
Check registry of the vessel including complete details with plans,photos, proof of Light Weight & Other material information
If the sellers terms are to sell the vessel on AS IS Where IS Basis, we request for the delivery cost from our Managers
After reviewing all the details & doing our costing calculation s, we place our initial offer wit h the broker based on the sellers terms
The sellers then Evaluate our offer and send a counter price to all the buyers or top cash buyers depending on the seller
After receiving the counter we either have to accept or give a revised offer to the sellers in which the broker guides us on what he feels could be the closing price. After sending revised offer they may recounter or accept the offer
Once offer is accepted the broker sends an confirmation email
After confirmation email is received the broker will prepare the recap of the whole deal which both sellers & buyers have agreed to avoid any misunderstandings in future
After recap is confirmed, the sellers will provide the draft MOA. Nowadays the draft MOA. terms a re sent at first along with the vessel details which all buyers need to agree and accept the terms as clean l y as possible
The MOA is signed by both the parties via email
Once the MOA is signed the buyers have 3 banking days to lodge the deposit amount into the sellers account . Buyers should deposit it within the giving time frame
Receive offers from various brokers world wide.
Check registry of the vessel including complete details with plans, photographs, proof of Light Weight & Other material information
Seller will then evaluate our offer and send a counter price to all the buyers or top cash buyers depending on the seller's will.
After receiving the counter we either have to accept or give a revised offer to the seller. During this process, the broker guides us on what he feels could be the closing price. After sending revised offer they may recounter or accept the offer.
After the recap is confirmed, the seller will provide a draft MOA. Usually the draft MOA terms are sent in the beginning along with the vessel details so that the buyers are aware about the terms before bidding.
The MOA is signed by both the parties via email communication.
If the seller's terms are to sell the vessel on 'AS IS Where IS Basis' we request for the delivery cost from our Ship Managers.
After reviewing all the details & estimating total cost, we place the initial offer with the broker based on the seller's terms.
Once an offer is accepted, the broker sends a confirmation email to all the parties. On acknowledgement of the confirmation letter, the broker will prepare a recap of the whole deal on which both seller & buyer have agreed to avoid any misunderstandings in future.
Once offer is accepted the broker sends an confirmation email
After confirmation email is received the broker will prepare the recap of the whole deal which both sellers & buyers have agreed to avoid any misunderstandings in future
Receive offers from various brokers world wide
Check registry of the vessel including complete details with plans,photos, proof of Light Weight & Other material information
After reviewing all the details & doing our costing calculation s, we place our initial offer wit h the broker based on the sellers terms
If the sellers terms are to sell the vessel on AS IS Where IS Basis, we request for the delivery cost from our Managers
After receiving the counter we either have to accept or give a revised offer to the sellers in which the broker guides us on what he feels could be the closing price. After sending revised offer they may recounter or accept the offer
The sellers then Evaluate our offer and send a counter price to all the buyers or top cash buyers depending on the seller
After confirmation email is received the broker will prepare the recap of the whole deal which both sellers & buyers have agreed to avoid any misunderstandings in future
Once offer is accepted the broker sends an confirmation email
The MOA is signed by both the parties via email
After recap is confirmed, the sellers will provide the draft MOA. Nowadays the draft MOA. terms a re sent at first along with the vessel details which all buyers need to agree and accept the terms as clean l y as possible
Once the MOA is signed the buyers have 3 banking days to lodge the deposit amount into the sellers account . Buyers should deposit it within the giving time frame
Receive offers from various brokers world wide
Check registry of the vessel including complete details with plans,photos, proof of Light Weight & Other material information
If the sellers terms are to sell the vessel on AS IS Where IS Basis, we request for the delivery cost from our Managers
After receiving the counter we either have to accept or give a revised offer to the sellers in which the broker guides us on what he feels could be the closing price. After sending revised offer they may recounter or accept the offer
The sellers then Evaluate our offer and send a counter price to all the buyers or top cash buyers depending on the seller
After reviewing all the details & doing our costing calculation s, we place our initial offer wit h the broker based on the sellers terms
Once offer is accepted the broker sends an confirmation email
After confirmation email is received the broker will prepare the recap of the whole deal which both sellers & buyers have agreed to avoid any misunderstandings in future
After recap is confirmed, the sellers will provide the draft MOA. Nowadays the draft MOA. terms a re sent at first along with the vessel details which all buyers need to agree and accept the terms as clean l y as possible
Once the MOA is signed the buyers have 3 banking days to lodge the deposit amount into the sellers account . Buyers should deposit it within the giving time frame
The MOA is signed by both the parties via email
After deposit is Lodged, the buyers are allowed to place 4 crew members on board for familiarization. The sellers crew will show the buyers crew the functioning of the main machinery of the vessel so that the buyers crew can safely take over the vessel from the sellers.
The sellers will tender 7/5/3 and then 1 day final notice of readiness.
Once funds received, sellers & buyers exchange the delivery documents like bill of sale, commercial invoice, non encumbrance certificate etc and finally they countersign the Protocol of Delivery and Acceptance ( PODA).
Once final NOR tendered the buyers have to make the balance payment . Once balance payment is done the sellers will confirm receipt of funds.
Once the Protocol of delivery and acceptance is signed the sellers crew shall disembark and buyers full crew will take over t he vessel.
After the vessel is taken over the buyers crew will start preparing the vessel for her final ballast Voyage to the delivery location. Then the crew prepares the vessel for flag survey and class survey. After the flag survey is completed the insurance warranty surveyors go on board for issuing the Certificate of Approval (COA). Once the COA is received the vessel can then depart for the final Voyage .
After deposit is Lodged, the buyers are allowed to place 4 crew members on board for familiarization. The sellers crew will show the buyers crew the functioning of the main machinery of the vessel so that the buyers crew can safely take over the vessel from the sellers.
The sellers will tender 7/5/3 and then 1 day final notice of readiness.
Once final NOR tendered the buyers have to make the balance payment . Once balance payment is done the sellers will confirm receipt of funds.
After the vessel is taken over the buyers crew will start preparing the vessel for her final ballast Voyage to the delivery location. Then the crew prepares the vessel for flag survey and class survey. After the flag survey is completed the insurance warranty surveyors go on board for issuing the Certificate of Approval (COA). Once the COA is received the vessel can then depart for the final Voyage .
Once the Protocol of delivery and acceptance is signed the sellers crew shall disembark and buyers full crew will take over t he vessel.
Once funds received, sellers & buyers exchange the delivery documents like bill of sale, commercial invoice, non encumbrance certificate etc and finally they countersign the Protocol of Delivery and Acceptance ( PODA).
Before the vessel arrives the location they are sold to the end buyers and the deals are confirmed by way of a Memorandum of Agreement between the end buyers and the cash buyers (US).
The end buyers mode of payment is Letter of Credit which are payable at 180 - 360 days issuance period .
The end buyers along with customs, surveyors and other authorities board the vessel for their respective formalities on the first day.
On the second day the pollution control department and other authorities will go on board to complete their formalities.
Upon this NOR being tendered,
Once the formalities are completed and the respective authorities have issued the certificates, the notice of readiness is tendered to the buyers.
If the sale is "As IS" Where is Basis the end buyers will release the Letter of Credit Payment to us.
If the sale is Delivered Basis then we have to pay the ship owner by way of remittance and in turn the end buyers also release the letter of credit payment to us. In this case of delivered basis, we have total 3 banking days to pay the sellers so either we can first receive the payment from the LC upon discounting in a few days.
When it is high tide the vessel is beached at the designated plot and beached photos of the vessel are taken to ensure that the vessel is been delivered safely to the end buyer.
Once the payments are completed, the vessel is now ready to be beached at the end buyers plot.
The end buyers along with customs, surveyors and other authorities board the vessel for their respective formalities on the first day.
On the second day the pollution control department and other authorities will go on board to complete their formalities.
Once the formalities are completed and the respective authorities have issued the certificates, the notice of readiness is tendered to the buyers.
If the sale is Delivered Basis then we have to pay the ship owner by way of remittance and in turn the end buyers also release the letter of credit payment to us. In this case of delivered basis, we have total 3 banking days to pay the sellers so either we can first receive the payment from the LC upon discounting in a few days.
If the sale is "As IS" Where is Basis the end buyers will release the Letter of Credit Payment to us.
Upon this NOR being tendered,
Once the payments are completed, the vessel is now ready to be beached at the end buyers plot.
When it is high tide the vessel is beached at the designated plot and beached photos of the vessel are taken to ensure that the vessel is been delivered safely to the end buyer.
LEADING CASH BUYER OF SHIPS AND
ENERGY ASSETS WORLDWIDE