Are you eager to buy night ferries for sale? As the ferry market advances at a rapid pace, it is natural that you want to invest and do not want to miss out on lucrative opportunities. But, remember, purchasing a ship is not a one-man activity and cannot be done overnight. From considering the purchase essentials to requiring a collaborative effort, there is a lot you have to ensure to reach your target. Before you commit yourself to this objective, we suggest you understand the challenges that lie ahead of you.
Contacting a broker –
Do you think you’ll not require the help of brokers to buy a new vessel? We suggest you reconsider your decision. Without consulting a shipbroker, you are going to invite yourself the headache of finding and negotiating with the right seller all on your own. Serving as important intermediaries, shipbrokers can mediate between sellers and purchasers and always act in the best interests of their clients. Being professionals in the field, they know how to guide their clients given their thorough knowledge about the market. Remunerated on the commission basis, experienced brokers make sure you get a good value for money by consulting them.
Conducting the inspections –
Prior to buying night ferries for sale, you sure want to inspect their condition and stay assured of the high-performance. It is better if you send the expert ship management for onboard inspection because you need to rely on the trained eyes to make a high-value investment decision. Apart from checking the physical and functional conditions of the vessel, the technical expert should also check whether class documents and certificates are up to date. To be doubly confirmed, you can ask for a sea trial and check if all the pieces of machinery are working perfectly fine. If you are satisfied with the test result, then go ahead to seal the deal.
Considering the cost –
Before updating the list of night ferries for sale on their websites, the shipbrokers discuss and confirm the up-to-date market prices from all sellers. This means you know what you have to pay before finalising the purchase decision. However, remember, there are additional costs that can be hard to calculate. You can either talk to your independent surveyor or the shipbroker to conduct a cost-benefit analysis and for proper valuation. If a particular vessel seems out of your budget, you can either consider fundraising or drop the plan of purchasing that particular ship. Instead, you can glance through other mentions on the list.
Confirming the deal –
When it comes to closing the deal, there are mainly three steps – delivering documents, delivering the craft, and making the payment. Evidence of class, bill of sale, safety certificates, technical documents, logbooks are some documents that must be checked and accepted by the buyer’s representative at the ship meeting. Next, the vessel is handed over to the new owner by the seller who would issue the notice of readiness to deliver the vessel on or before a particular date. Last comes the payment which can easily be made, given so many payment options floating on the internet today. But aligning the payment date and delivery is difficult because international bank transfers might take up to several days.
Conclusion –
Now that you know the nitty-gritty and challenges of buying a shipping vessel, we think you can now consciously decide whether or not to commit yourself to this high-value purchase decision. To make an informed decision, you may want to talk to the expert brokers of Norwegian Ship Sales at the earliest. Contact the team today.
