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ARTICLE · 17 AUGUST 2019

Shipping in Australia 2020

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

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Shipping 2020 is an extensive analysis of law, practice and regulations governing the shipping industry in Australia.

AustraliaTransport
Geoff Farnsworth
Geoff Farnsworth
Nathan Cecil
Nathan Cecil
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Australia

NEW BUILDING CONTRACTS

Transfer of title

  1. When does title in the ship pass from the shipbuilder to the shipowner? Can the parties agree to change when title will pass?

The parties may agree by contract when title in the ship is to pass to the shipowner. If the contract does not specify when title passes, title will pass at the earlier of the following events:

  • completion and delivery; or
  • completion and approval by the purchaser.

Subject to normal considerations around variations of contracts (such as execution of a deed of variation) the parties may agree to change when title will pass.

Refund guarantee

  1. What formalities need to be complied with for the refund guarantee to be valid?

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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