Fonasba Endorses Revised Norwegian Saleform

The Federation of National Associations of Shipbrokers and Agents, (FONASBA), has endorsed  the newly released SALEFORM 2012, developed jointly by the Norwegian Shipbrokers Association (NSA) and BIMCO. SALEFORM is the shipping industry’s most widely used agreement for the sale and purchase of second-hand ships.
SALEFORM 2012 builds upon SALEFORM 93 retaining the accepted general principles and familiar structure.
“At FONASBA, we are pleased and proud to support publication of the revised NSF 2012, a document whose development reaffirms the position of NSA and BIMCO at the forefront of our profession,” said. the President of FONASBA, Christakis P. Papavassiliou.
Echoing the President’s comments,
“We are confident that the initiative taken by the NSA together with BIMCO will ensure that the NSF remains the premier document of choice for S&P transactions worldwide,” said Marygrace Collins of the USA, Chair of the FONASBA Chartering & Documentary Committee and the Federation’s President Designate.