RC Offshore Industry is a global leader in the Sale & Purchase market, excelling in both new buildings and second-hand tonnage, with a significant presence in demolition sales.

The second-hand market is highly significant in terms of value and turnover, with a substantial portion of transactions conducted through Baltic brokers. Typically, ship owners instruct brokers to market vessels while they are still engaged in their normal trades. Therefore, coordinating inspections and eventual deliveries under a sale contract with the vessel’s employment is a crucial aspect of these transactions.

The Norwegian Sale Form, used in over 80% of transactions, is the standard contract. The latest edition, revised in 2012 and approved by BIMCO, includes updated terms, particularly concerning delivery. Many Japanese owners prefer the Nippon Saleform. Although traditionally vessels were inspected after negotiations, it is now more common to inspect vessels before sale due to their value being closely tied to physical condition.

An essential part of purchasing a vessel is inspecting its classification records, which detail its history since delivery. The Sale Form mainly addresses price, payment terms, delivery specifics, and the seller’s obligations regarding class certificates. Additionally, Sale & Purchase brokers facilitate new ship construction contracts, aiming to secure the best prices, payment terms, and specifications from shipyards.

At the end of a vessel’s commercial life, brokers handle its recycling by offering it for scrapping. They also estimate ships’ values, often providing formal valuation certificates used for insurance and banking purposes.

RC Offshore Industry leverages the Baltic Exchange’s Escrow service, which holds the deposit until the sale is completed and authorized for release, ensuring comprehensive Anti-Money Laundering and Client Due Diligence checks are conducted.