What are the standard forms for second-hand ship sale contracts? | MOA Versions

2026-05-29 09:24:52     Category：FAQs & Supports     Browse number：137     Release time：2026-05-29 09:24:52

Inquire

A:
--The internationally recognized MOAs (Memoranda of Agreement) for second-hand vessel sales primarily include:

--  Norwegian Saleform (NSF): Currently, the NSF 2012 versions is commonly used.

--  BIMCO SHIPSALE 22

--  Nippon Saleform (NSF): The standard contract used in the Japanese market.

-- The London Ship Sale Contract 1985 

-- Singapore Saleform (SSF)

Market Dominance & Features:

The NSF holds an absolute dominant share in terms of usage. Its key characteristics include:

--  Global Standard: It is the universally accepted industry benchmark.

--  Clarity & Risk Allocation: Features a clear structure with well-defined risk distribution between parties.

--  Neutrality & Balance: Designed to be fair and balanced for both buyers and sellers.

--  Legal Framework: The default jurisdiction is English law, but the governing law and arbitration venue (e.g., London, Singapore) are open to negotiation.

If either party insists on using their own drafted contract, you should seriously conduct a thorough review of this version's professionalism.