The MOA – the foundation for a smooth ship closing
Summary
The Memorandum of Agreement (MOA) sets the framework for every ship sale and purchase transaction, yet many of the practical closing arrangements are often left until later in the process. In this article Assentiri Founder and CEO, Torgeir Willumsen, explains why key issues such as payment mechanisms, financing requirements and closing logistics should be considered already at the contract stage. A well-drafted MOA reduces uncertainty, helps prevent disputes and lays the foundation for an efficient and predictable closing.
This article was originally published 10 February 20025 on LinkedIn.
Read the full article on LinkedIn
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