Key Documents Required for Selling Ships for Recycling

1. Proof of Ownership

   • Bill of Sale: Confirms the legal ownership of the vessel by the seller.
   • Certificate of Registry: Issued by the vessel's flag state, proving its registration.

2. Technical Details of the Ship

   • Vessel's Particulars: Includes specifications such as tonnage, dimensions, and type of ship.
   • General Arrangement Plan: A layout of the ship’s structure and compartments.

3. Ship's Condition and Inventory

   • Inventory of Hazardous Materials (IHM): A mandatory document (under the Hong Kong Convention and EU Ship Recycling Regulation) listing hazardous substances on board, such as asbestos and PCBs.
   • Class Certificates: Confirm the vessel’s class status and overall condition, if available.
   • Last Port Clearance: Documentation from the last port of call verifying no outstanding dues or issues.

4. Insurance Documents

   • P&I Insurance Certificate: Proof of protection and indemnity coverage (if still valid).

5. Decommissioning Documents

   • Notice of Intent to Scrap: A declaration from the owner stating the ship’s end-of-life purpose.
   • Flag State Approval: Some flag states require approval before the vessel is sold for recycling.

6. Commercial and Financial Documents

   • Sales Agreement (Memorandum of Agreement - MOA): A legal contract outlining the terms and conditions of the sale.
   • Cash Buyer Agreement: If selling through a cash buyer, this outlines their role and responsibilities.
   • Letter of Credit (if applicable): A financial instrument used to guarantee payment.

7. Environmental and Recycling Compliance

   • Green Recycling Statement: A declaration that the ship will be dismantled at a certified recycling yard.
   • Recycling Facility Certificate: A document from the selected yard confirming their capability to recycle the ship in compliance with regulations.

8. Miscellaneous Documents

   • Crew Clearance Certificates: Ensures that all crew members have disembarked before the ship is handed over.
   • Customs Clearance: Confirms the ship’s clearance for export, if being recycled in a different country.

Additional Notes

• Flag State and Local Regulations: Requirements may vary based on the vessel’s flag and the country where recycling will take place.
• Pre-Delivery Inspection: Some recycling facilities or cash buyers may request a survey or inspection before finalizing the deal.

Having these documents ready ensures a smooth sale process and compliance with legal and environmental standards.