Ship Building Sale and Finance
Page 483
Index
Index
- alterations to vessel, standard form contracts –
- approval of plans, Newbuildcon 2007 –
- arbitration: economic causes of disputes –;
- arrest and sale:
- ‘as is’:
- assignment:
- AWES Standard Shipbuilding Contract 1978:
- Baltic and International Maritime Council (BIMCO)
- BARECON 2001:
- ‘as is’ condition at delivery –;
- balance of rights and obligations –;
- compulsory insurance –;
- delivery of vessel –;
- description of vessel –;
- hire/purchase agreement –;
- indemnity –;
- insolvency (UK law –;
- US law –);
- insurance –;
- introduction to –, –;
- liability for non-delivery –;
- maritime liens, prevention of ;
- newbuild vessels –;
- owners’ liabilities (in personam claims –;
- international conventions –;
- statutory –)
- US law –);
- owners remedies (insolvency (UK law)) –;
- insolvency (US law) –;
- provisions for ;
- repossession of vessel ;
- termination of charter –);
- in personam claims –;
- privity of contract , , , , , ;
- in rem actions –;
- repairs (charterers’ protection under guarantee clause –;
- overview of provisions –;
- owners’ obligations as to –);
- repossession of vessel ;
- termination of charter –;
- US law (common law liability –;
- insolvency –;
- statutory liabilities –)
- BIMCO BARECON 2001 see BARECON 2001
- BIMCO Newbuildcon 2007 see Newbuildcon 2007
- BIMCO Saleform 2012, meaning of ‘as is’
- breach of contract see remedies
- builder’s guarantees, Newbuildcon 2007
-
builders’ responsibilities, Newbuildcon 2007 –Page 484
- builders’ risks cover:
- ‘buyer may maintain an action’ for damages –
- buyer’s attendance at tests, trials and inspections, Newbuildcon 2007
- buyer’s representatives, Newbuildcon 2007 –
- buyers’ responsibilities, Newbuildcon 2007 –
- buyer’s supplies, Newbuildcon 2007
- cargo, arrest and sale see arrest and sale
- changes to vessel, Newbuildcon 2007 –
- choice of law see governing law
- classification of vessel, Newbuildcon 2007
- classification societies, sale contracts and –
- CMAC Standard Newbuilding Contract 2012:
- co-assureds see mortgagees’ interest insurance
- coatings, Newbuildcon 2007
- compulsory insurance, bareboat charter –
- conflict of laws see governing law
- construction law see prevention principle
- construction quality, standard form contracts –
- constructive total loss, ICBR 1988 –
- contract price adjustment, Newbuildcon 2007
- contractors as co-assureds –
- contracts see ship sale contracts; shipbuilding contracts
- counterclaim, exclusion of
- counterparty, ship sales and –
- currency, choice of ,
- damage to vessel, meaning of physical damage –
- damages, liquidated damages
- defects:
- defences, availability under refund guarantees
- delays:
- delivery:
- demise charters see BARECON 2001
- deposits:
- derivatives:
- description of vessel:
- design quality, standard form contracts –
- dispute resolution:
- drafting of refund guarantees –
- due diligence provision, Mar CAR 2007 –
- economic causes of disputes –
- effective date:
- enforcement see remedies
- English law as governing law
- ‘entire agreement’ clause, Newbuildcon 2007
- exclusions from liabilities, Newbuildcon 2007 –
- expiry date, refund guarantees
- financial guarantees, Newbuildcon 2007
- financial provisions, Newbuildcon 2007
- financing:
-
flags of convenience see open flagsPage 485
- force majeure, Newbuildcon 2007
- forum, choice of
- forum shopping –
- ICBR 1988:
- in personam claims, bareboat charter –
- in rem actions, bareboat charter –
- indemnity, bareboat charter –
- insolvency:
- inspections:
- instalments, Newbuildcon 2007
- Institute Clauses for Builders’ Risks (ICBR) see ICBR 1988
- insurance:
- intellectual property, Newbuildcon 2007
- international insolvency law –
- interpretation of refund guarantees –
- ‘irrevocable and unconditional’, refund guarantees
- latent defect, damage or loss caused by –
- Law of Property Act 1925, assignment under
- lease finance –
- legal provisions, Newbuildcon 2007
- liability:
- liquidated damages, Newbuildcon 2007
- London Marine Construction All Risks Wording (Mar CAR) see Mar CAR 2007
- London Maritime Arbitration Association (LMAA)
- loss of vessel:
- loss payees see mortgagees’ interest insurance
- Mar CAR 2007:
- changes introduced by ;
- constructive total loss –;
- contents of ;
- contractors as coassureds –;
- due diligence provision –;
- ICBR 1988 compared with –, ;
- introduction of , ;
- latent defect, damage or loss caused by ;
- limitations of –;
- notices, provisions for ;
- physical loss and damage, meaning of –;
- problem areas ;
- right to recovery, protection of –;
- subcontractors as co-assureds –;
- tsunami, losses caused by
- Marine Insurance Act 1906, assignment under –
- maritime liens: practical aspects ;
- memorandum of agreement (MOA) , , , –, , , ,
- modifications to vessel, Newbuildcon 2007 –
-
mortgagees’ interest insurance:Page 486
- assignment (assignees distinguished –;
- enforcement power following ;
- equitable –;
- Law of Property Act 1925 ;
- Marine Insurance Act 1906 –)
- co-assureds (distinguished –;
- mortgagee as –;
- subrogation –)
- importance of ;
- insurable interest, valuation of –;
- introduction to –;
- loss payees distinguished –;
- provisions as to –;
- other policies protecting mortgagees –;
- participation in shipowner’s policy ;
- policies –;
- subrogation (doctrine of –;
- exercise of rights –;
- names insurance –;
- mortgagees’ interest insurance –)
- mortgages:
- Newbuildcon 2007:
- advantages of –;
- annexes ;
- approval of plans –;
- assignment ;
- bespoke contracts, use for –;
- boxes –;
- builders’ and buyers’ responsibilities –;
- builder’s guarantees ;
- buyer’s attendance at tests, trials and inspections ;
- buyer’s representatives –;
- buyer’s supplies ;
- changes to vessel –;
- choice of law ;
- comparison with other forms –;
- contract price adjustment ;
- currency, choice of ;
- delivery –;
- delivery defects –;
- dispute resolution –;
- effective date ;
- ‘entire agreement’ clause ;
- exclusions from liabilities –;
- finance (section 2) ;
- financial guarantees ;
- force majeure ;
- general layout –;
- instalments ;
- insurance ;
- intellectual property ;
- introduction of ;
- introduction to –;
- legal provisions (section 5) ;
- liquidated damages ;
- modifications to vessel –;
- notice of delivery –;
- notices ;
- options ;
- permissible delays ;
- popularity of ;
- production (section 5) ;
- refund guarantees ;
- sea trials –;
- set-off ;
- subcontracting ;
- sundry items (section 6) ;
- suspension and termination –;
- terms and conditions –;
- text of Appendix ;
- use of ;
- vessel (changes and modifications –;
- classification ;
- delivery –;
- delivery defects –;
- description ;
- general obligations ;
- notice of delivery –;
- protective coatings ;
- rules and regulations, compliance with ;
- sea trials –;
- section 1 ;
- source of origin )
- Nipponsale 1999:
- non-disclosure of ‘unusual’ facts –
- Norwegian Saleform:
- notice of delivery, Newbuildcon 2007 –
- notice of readiness (NOR), practical aspects
- notices:
- open flags (flags of convenience), sale contracts and
- options, Newbuildcon 2007
- origin of vessel, Newbuildcon 2007
- payment see ship sales
- payment refund guarantees see refund guarantees
- pendente lite sale –
- permissible delays, Newbuildcon 2007
- physical loss and damage, meaning of –
- place of delivery, practical aspects –
- pleasure craft, sale contracts –
- prevention principle:
- primary obligation see refund guarantees
- privity of contract , , , , ,
-
protective coatings, Newbuildcon 2007Page 487
- protective language, refund guarantees
- recovery by third parties, protection of right –
- refund guarantees:
- assignment –;
- counterclaim, exclusion of ;
- drafting of key provisions –;
- effective date ;
- expiry date ;
- forum, choice of ;
- governing law ;
- interpretation of –;
- introduction to –;
- ‘irrevocable and unconditional’ ;
- liability –;
- Newbuildcon 2007 ;
- notices, provisions for ;
- primary or secondary obligation (arisal of –;
- availability of defences ;
- comparison between ;
- events discharging guarantee ;
- non-disclosure of ‘unusual’ facts –;
- protective language ;
- Statute of Frauds 1677 –)
- problem areas –;
- representations ;
- scope of –;
- set-off, exclusion of ;
- standard form contracts –;
- warranties
- registered owner, identification of
- remedies:
- arrest and sale see arrest and sale;
- ‘buyer may maintain an action’ for damages –;
- contractual ;
- economic causes of disputes –;
- enforcement in depressed market –;
- enforcement in ‘overheated’ market –;
- EU Insolvency Regulation –;
- inadequacy of ;
- international insolvency procedures –;
- introduction to –;
- reform of –, ;
- Sale of Goods Act 1979 –, ;
- ‘seller may maintain an action’ for price –;
- specific performance, order for –
- repairs see BARECON 2001
- repossession of vessel, bareboat charter
- representations, refund guarantees
- right to recovery, protection of –
- risk:
- rules and regulations, compliance with
- SAJ Standard Shipbuilding Contract 1974:
- sale contracts:
- ‘as is’, meaning of see ‘as is’;
- classification societies –;
- differences between (case study) –;
- in English law –;
- forms see Nipponsale 1999; Norwegian Saleform; Singapore Ship Sale Form (SSF 2011);
- introduction to –;
- open flags (flags of convenience) ;
- practical aspects see ship sales;
- single ship owning companies ;
- uniform approach to –, –;
- use of , ;
- see also Sale of Goods Act 1979
- Sale of Goods Act 1979:
- Saleform 2012, meaning of ‘as is’
- sanctions:
- satisfactory quality see Sale of Goods Act 1979
- sea trials see tests and trials
- secondary obligation see refund guarantees
- security interests, creation of
- seller’s mortgage, practical aspects –
- set-off:
- ship see vessel
- ship sales:
- arrest and sale see arrest and sale;
- ‘as is’ basis ;
- avoidance of delays ;
- counterparty –;
- in current market –;
- defects ;
- delivery documents (local formalities –;
- scope of ;
- for completion );
- deposits, treatment of –;
- inspections ;
- maritime liens ;
- memorandum of agreement (MOA) , , , –, , , , ;
-
notice of readiness (NOR) ;Page 488
- payment (choice of currency ;
- ‘old-fashioned’ approach –;
- pre-position funds ;
- problem areas );
- place of delivery –;
- pre-contractual negotiations –;
- registered owner ;
- resolution of issues –;
- Sale of Goods Act 1979 ;
- seller’s mortgage –;
- special purpose vehicle (SPV) ;
- vessel –
- shipbuilding contracts:
- shipping derivatives see derivatives
- Singapore Ship Sale Form (SSF2011):
- single ship owning companies, sale contracts and
- source of origin of vessel, Newbuildcon 2007
- special purpose vehicle (SPV), ship sales and
- specific performance, order for –
- standard form contracts:
- alterations –;
- assignment –;
- governing law ;
- hypothecs –;
- insurance –;
- liability for defects –;
- list of ;
- mortgages –;
- payment guarantees –;
- quality of design and construction –;
- refund guarantees –;
- right to decline delivery –;
- sale contracts see sale contracts;
- subcontracting –;
- supervision ;
- termination –;
- variations between , –
- Standard Form Norwegian Shipbuilding Contract 2000 (NSC):
- Statute of Frauds 1677, refund guarantees –
- subcontractors:
- subrogation see mortgagees’ interest insurance
- supervision:
- suspension of contract see termination