To date, there are over 100 known shipping transactions that have adopted the SSF. Developed by SDSD, the Editor is a market leading solution offering the best functionality that can help you execute charter parties, quickly and efficiently. The ASF has partnered SDSD making the form available via the Charter Party Editor Software. With effect from 1 November 2011, SMF has given the exclusive rights to distribute the editable version of the SSF to Asian Shipowners’ Forum (ASF). The SSF is formally endorsed by both the Asian Shipowners’ Forum as well as the Federation of ASEAN Shipowners’ Associations (FASA). The SSF was officially launched by the Singapore Maritime Foundation (SMF) on 6 January 2011 in response to the Singapore and Asian maritime community’s call for an alternative viable up-to-date sale form in view of changing banking and maritime regulations as well as practices in sale and purchase of second-hand vessels. These lend credence to the need to have disputes arbitrated in Asia itself. Maritime arbitration and dispute cases in the region will also increase. With the centre of gravity of global shipping fast gravitating to Asia, ship sales and purchases will increase exponentially. Today, Asia is a dominant force in international shipping and it is estimated that Asian shipowners control approximately 50% of the world’s fleet. Singapore Ship Sale Form Designed by the Asian Maritime Community – used Worldwide.
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