Ship Sale and Purchase - Sixth Edition

Iain Goldrein KC; Matt Hannaford and Paul Turner

Document

2 SALE AND PURCHASE BROKERS

2.1 BROKERS AS AGENTS

2.1.1 Legal status of sale and purchase brokers

Sale and purchase brokers (“S&P” brokers as they are widely known) are independent contractors who act as agents for principals in connection with the sale and purchase of ships. The S&P broker’s job is to first match seller and buyer, and then help them develop, document and complete the sale and purchase transaction.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.