RECYCLING

INGEMAR brings extensive expertise to the sale of ships for recycling, backed by a proven track record in both cash buying and the management of ship recycling projects. Our comprehensive services include:

- Residual Value Assessment: Accurate evaluation of a vessel’s residual value to ensure fair market pricing.
- Recycling Description: Detailed and transparent documentation of the ship’s condition and recycling potential.
- Contractual Drafting: Preparation of robust contractual terms and Memoranda of Agreement (MOA) tailored to each transaction.
- Payment & Delivery Advisory: Guidance on optimal payment structures and local delivery procedures, ensuring compliance and efficiency.
- Post-Delivery Monitoring: Ongoing oversight and reporting throughout the recycling process to guarantee adherence to agreed standards.

Navigating the regulatory landscape for ship recycling has become increasingly complex. INGEMAR is fully conversant with the latest legal frameworks, including:
- The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009
- Regulation (EU) No 1257/2013 on Ship Recycling (EU-SRR)
- Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal, 1989

Our expertise ensures that all transactions are conducted in full compliance with international and regional regulations, providing peace of mind for our clients.