Take Care When Purchasing a Vessel

British law provides no protection for the purchaser of a vessel with loans made against it.

Although the purchase of a vessel(s) will be common practice and/or second nature to a number of MJ readers, nevertheless there are hidden pitfalls which, thankfully, very rarely come to light but if they do, are of critical importance - not least because they can expose the purchaser to a ...

This is premium content

Already a member? SIGN IN now

V2-MJ

Sign up for FREE to continue this article…

It only takes a minute to sign up for a free account, and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the commercial marine sector
  • Access to the Maritime Journal Industry Database
  • Monthly Maritime Journal Magazine (Restricted digital edition)
  • Website access (3 standard news articles per month)

Get access and more free content sign up today

Does your organisation require more access? Upgrade to a subscription and enjoy unlimited news and additional features.