SALES & PURCHASES (S&P) BROKERAGE
Pioneering Excellence in Maritime Sales & Purchases Brokerage
At AVERSA, we leverage our extensive collective experience, knowledge, and expertise to serve the maritime industry with distinction.
Our trusted reputation, built over more than two decades, is not just our legacy—it is a testament to our commitment to excellence and client satisfaction in an ever-evolving sector.
Comprehensive Maritime Solutions
Today, AVERSA stands at the forefront of the maritime industry, offering integrated solutions that span the globe.
Through our strategic partnerships and expert offices worldwide, we deliver a wide array of services including Ship Management, Shipbroking, Commercial Vessel Management, Logistics, and an extensive range of Technical Services and Procurement. Our approach is tailored to meet virtually every need in the maritime sector, both today and in the future.
Expertise in Valuation and Market Analysis
Our deep understanding of market dynamics enables us to serve as expert valuators for bulk carriers and tankers.
This capability is pivotal as we are frequently sought out to provide detailed evaluations for ship owners and financial institutions. Our evaluations are crafted from a comprehensive accumulation of market data and industry insights, ensuring accuracy and reliability.
Redefining Brokerage Services
At AVERSA, our role as Sales & Purchase (S&P) brokers transcends traditional brokerage functions.
We do not merely provide market information or assist in negotiating transactions. Instead, we focus on adding significant value to our services by offering personalized, professional interactions that aid our clients in making crucial strategic decisions.
The Difference
We strive to make a discernible difference in the maritime brokerage landscape.
By offering high-quality, personalized services, we ensure that our clients receive not only the information they need but also the expert guidance required for effective decision-making.
Our commitment to professionalism and personal engagement is designed to empower our clients, helping them navigate complex market conditions and make decisions that are both informed and beneficial.
Commitment to Future Growth
As we look to the future AVERSA is committed to continuing our tradition of excellence and adaptation in the face of global industry shifts. We are dedicated to innovating and expanding our service offerings to meet the changing needs of the maritime industry.
AVERSA is more than a brokerage firm - we are a dedicated partner in our clients’ continued success, providing strategic solutions that pave the way for a prosperous future.
At AVERSA, we don't just broker deals - we build enduring relationships based on trust, expertise, and a deep understanding of the maritime industry.
Our goal is to continue enhancing our services, ensuring that AVERSA remains synonymous with excellence and innovation in maritime Sales & Purchases brokerage.
We invest in your needs
BUSINESS PARTNER
Main details and contract preparation
The main details involve the object of the deal (the vessel), the time frame of the transaction and the main terms, i.e.
- The detailed description of the vessel,
- The laydays to be inserted in the MoA and
- The ship’s price and the main terms.
The completion of the above will be confirmed to the contracting parties (the Sellers and the Buyers) with a recap email.
At this stage terms can be further negotiated.
When everything is agreed and the deal is outright i.e. accepted without any reservations by the parties, the formal sale contract, the Memorandum of Agreement, will be drafted and signed, triggering the 10% of the ship price deposit in an escrow account.
- The detailed description of the vessel,
- The laydays to be inserted in the MoA and
- The ship’s price and the main terms.
The completion of the above will be confirmed to the contracting parties (the Sellers and the Buyers) with a recap email.
At this stage terms can be further negotiated.
When everything is agreed and the deal is outright i.e. accepted without any reservations by the parties, the formal sale contract, the Memorandum of Agreement, will be drafted and signed, triggering the 10% of the ship price deposit in an escrow account.
Inspection of Ship, Records and Documents
Following the 10% deposit the Buyers can inspect the vessel and its classification society records.
The latter will reveal the history of the ship’s maintenance and failures and the inspector will be looking for repetitive repairs of the same item.
The former physical inspection of the ship, sometimes referred to as superficial inspection, involves the boarding of the vessel by a professional inspector to assess the general condition of the ship and the validity of its certificates.
The Buyers should check the mortgage record of the vessel and the maritime lien record.
The latter will reveal the history of the ship’s maintenance and failures and the inspector will be looking for repetitive repairs of the same item.
The former physical inspection of the ship, sometimes referred to as superficial inspection, involves the boarding of the vessel by a professional inspector to assess the general condition of the ship and the validity of its certificates.
The Buyers should check the mortgage record of the vessel and the maritime lien record.
Completion of the transaction - Closing & Delivery
The final inspection of the vessel prior to delivery can take place afloat following a class approved diver’s inspection report that underwater parts and ship bottom are in good order, or in drydock.
Once the Buyers give their final approval after the inspection of the vessel the date for the meeting for the closing can be agreed, i.e. the meeting of the two parties, their legal advisors, the shipbrokers and bank representatives, in which the deal will be concluded and the ownership will be transferred to the Buyers .
Once the Buyers give their final approval after the inspection of the vessel the date for the meeting for the closing can be agreed, i.e. the meeting of the two parties, their legal advisors, the shipbrokers and bank representatives, in which the deal will be concluded and the ownership will be transferred to the Buyers .
Vessel delivery
The physical delivery of the vessel follows after a Notice of Readiness has been issued by the Sellers.
During delivery-which ideally should coincide with the end of the closing meeting – the remaining bunkers onboard are measured and paid for by the Buyers and a Protocol of Delivery and Acceptance is signed by the representatives of the parties at the place of delivery.
Thereafter the responsibility for all matters is transferred to her new owners.
The vessel is delivered to her new Owners:
- without crew onboard,
- free of chartering obligations (unless otherwise agreed),
- free of all weights and encumbrances (i.e. mortgages and liens) and
- free of any other debts.
Any outstanding encumbrances discovered after delivery do not constitute a reason for contract termination (as this is a breach of a Warranty under English law which only gives the right to claim compensation).
During delivery-which ideally should coincide with the end of the closing meeting – the remaining bunkers onboard are measured and paid for by the Buyers and a Protocol of Delivery and Acceptance is signed by the representatives of the parties at the place of delivery.
Thereafter the responsibility for all matters is transferred to her new owners.
The vessel is delivered to her new Owners:
- without crew onboard,
- free of chartering obligations (unless otherwise agreed),
- free of all weights and encumbrances (i.e. mortgages and liens) and
- free of any other debts.
Any outstanding encumbrances discovered after delivery do not constitute a reason for contract termination (as this is a breach of a Warranty under English law which only gives the right to claim compensation).
Main delivery obligations of the Sellers
The ship must be delivered:
- Substantially in the same condition as at the time of inspection.
- With class maintained, free from any outstanding class recommendations or notations.
- Free from any damage affecting class.
- With clean and valid national and international certificates.
- With clean cargo spaces, free from any cargo
