Fonasba Endorses Revised Norwegian Saleform
The Federation of National Associations of Shipbrokers and Agents, (FONASBA), has endorsed the newly released SALEFORM 2012, developed jointly by the Norwegian Shipbrokers Association (NSA) and BIMCO. SALEFORM is the shipping industry’s most widely used agreement for the sale and purchase of second-hand ships. SALEFORM 2012 builds upon SALEFORM 93 retaining the accepted general principles and familiar structure. “At FONASBA, we are pleased and proud to support publication of the revised NSF 2012, a document whose development reaffirms the position of NSA and BIMCO at the forefront of our profession,” said. the President of FONASBA, Christakis P. Papavassiliou.
NSA, BIMCO: Meetings To Discuss SALEFORM Revision with S&P sector
During the past 12 months the industry’s most widely used standard contract for the sale and purchase of secondhand ships, SALEFORM 93, has been the subject of a revision process by the Norwegian Shipbrokers Association (NSA) and BIMCO. The objective of the revision of SALEFORM 93 has been to bring this well used form in line with current commercial practice and legal developments. An important part of the revision process is to give the wider industry the opportunity to review and provide feed-back and comment on the revised draft prior to the contract being considered for adoption by BIMCO’s Documentary Committee in November. The NSA and BIMCO have organized a series of consultations…
