Sale & Purchase

The sale and purchase of second hand vessels involves the exercise of a number of important skills which are based upon expertise and knowledge of the various second hand markets, particularly knowledge of recent transactions which form the basis of the market at any given time; it should also be stressed that delivering such services to clients requires a good sense of timing of transactions as well as integrity and discretion.

The development of these skills often requires many years of on the job training and learning by doing. In this respect, Fearnsale has a mix of both young and senior brokers in order to assure that the necessary skills are smoothly passed between generations. A familiarity with contracts, financial structures and available sources of credit to finance investments is an important part of the daily life of a sale and purchase broker; Fearnsale actively encourages all of its personnel to refresh and update their familiarity with these important elements on a regular basis.

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