MA
Maritime
Maritime Law
ONTIER SPAIN

Tanker vessel construction transaction



Problem

The client, a leading company on the field of management of industrial waste needed to reach an agreement for the construction and sale of a tanker vessel to provide waste collection and transportation services in the harbor of Tangier. The ship owner selected a Turkish shipyard to carry out the construction of the vessel, being the construction process already in action. The client has needed advice on the construction contract, the vessel guarantees and further financial documents related to the transaction, governed both by English and Spanish law. Ontiers English and Spanish shipbuilding teams were the ones providing advice in the latter explained transactions.



Solution

After a hard negotiation process between the shipowner, the shipyard and their respective funders concluded in 2015 last trimester, a tanker vessel construction contract and those necessary guarantees were signed.



Benefit

The project will significantly increase the clients’ turnover volume. Our team has worked all throughout the project with a high flexibility level, bearing in mind the culture differences and the applicable laws.

close
This site uses first-party and third-party cookies to help provide you with the best possible online experience. By surfing on our site you agree that we may store said cookies on your device. For further information, you can check out our full cookies policy.