NSA, BIMCO: Meetings To Discuss SALEFORM Revision with S&P sector

(Press Release)
Thursday, August 25, 2011

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, open to all with an interest in sale and purchase, where the working groups responsible for the revision work will explain the proposed amendments to SALEFORM 93, listen to feedback and answer questions.

 The three SALEFORM consultations will take place in Oslo (Thursday 22 September), London (Monday 26 September) and Singapore (Thursday 6 October). The consultations will be half day events, free of charge to all registered participants. Further details of the consultations will be posted on the NSA and BIMCO websites early next week. There will be a limited number of places available at each consultation. Tto register please refer to www.shipbroker.no or www.bimco.org



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