Commercial Shipping

Commercial Shipping

We regularly advise on the preparation and negotiation of a wide range of commercial shipping contracts from the relatively simple preparation of a memorandum of agreement for the purchase of second hand tonnage to more complex transactions involving fleet acquisitions or the sale and lease-back of vessels. We have particular experience in:

sale and purchase contracts for new build vessels both at the pre-delivery and post-delivery stage
time, voyage and bareboat charters
contracts of affreightment
pooling and capacity sharing arrangements for a wide range of vessel types
joint venture and shareholders' agreements between relevant parties where a vessel is to be owned and operated as part of a joint venture
management agreements and supervision contracts for new build vessels

We are equally experienced in advising on all aspects of a vessel's registration, whether such registration is required in respect of a new build vessel or following the purchase of second hand tonnage, and works closely with our Ship Finance team in relation to such matters.

Since we represent a very large percentage of the Cyprus fleet and of ships registered in other jurisdictions, we provide our ship owning and ship management clients with a monitoring service for that ensures that their vessels comply with the requirements of the Cyprus Department of Merchant Shipping and of the other flag administrations.

This service ensures that the ships are kept in good standing with the flag administrations under the Firm�s supervision.