The Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships,

code named Saleform, is the most used documents for sale and purchase in the market.

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SALEFORM 2012 builds upon the international success of its predecessor, SALEFORM 93, while

retaining the accepted general principles and familiar structure of the ’93 edition. The decision to revise

SALEFORM followed from consultation with the global second-hand ship sale sector who felt that the

industry would benefit from a modest update of this widely-used agreement.

 

The Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships,

code named Saleform, is the most used documents for sale and purchase in the market.

 

SALEFORM 2012 builds upon the international success of its predecessor, SALEFORM 93,

while retaining the accepted general principles and familiar structure of the ’93 edition.

The decision to revise SALEFORM followed from consultation with the global second-handship sale

sector who felt that the industry would benefit from a modest update of this widely-used agreement.

 

The new edition incorporates many of the commonly made amendments applied by the industry.

Certain provisions in the ’93 edition which are known to have created uncertainty and misunderstanding

have been re-worded in SALEFORM 2012 – resulting in much greater clarity.

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Care has been taken to avoid the agreement becoming overly prescriptive. The emphasis during the

revision has very much been on retaining SALEFORM’s character as a commercially flexible platform

agreement on which to base a wide variety of different types of ship sale around the world.

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According to BIMCO’s Deputy Secretary General, Mr Soren Larsen, “Together with the NSA, BIMCO

is delighted to bring this updated edition of SALEFORM to the market. We have listened carefully to

what the industry wanted and we believe that users will welcome this much improved version of what is

recognised globally as the standard contract for the international sale and purchase of ships”.