Passenger ships
10 things you need to know before buying a passenger ship
Introduction
If you're considering buying a passenger ship, there are a few things you need to know first. Doing your research, knowing your costs, and inspecting the vessel are all important steps in the process. You'll also need to determine the ship's purpose and value, and find out if it meets all the legal requirements. With a little bit of planning, you can be sure to find the perfect ship for your needs.
Do your research
Check the vessel's history
You can check a vessel's history by looking for its documentation, such as the builder's certificate, previous owners, and any records of accidents or incidents. You can also search online databases, such as Lloyd's Register of Ships, to find out more about a particular ship.
Have a professional survey done
A professional surveyor will be able to assess the condition of the vessel and identify any potential problems. They will also be able to provide an estimate of the repair costs.
Get an expert opinion on repairs
If you are considering buying a damaged ship, it is important to get an expert opinion on the repairs that will need to be carried out. This will help you to determine whether the cost of repairs is worth the investment.
Know your costs
Operating costs
Operating a passenger ship can be expensive. The cost of fuel, crew salaries, and maintenance can add up quickly. Be sure to factor in these costs when considering the purchase of a passenger ship.
Maintenance and repair costs
Passenger ships require regular maintenance and repairs. These costs can be significant, so be sure to factor them into your budget when considering the purchase of a passenger ship.
Insurance costs
Insuring a passenger ship can be expensive, so be sure to get quotes from several insurance companies before making a purchase.
Consider the vessel's size and capacity
How many passengers can the ship accommodate
The maximum number of passengers a ship can accommodate is determined by the vessel's tonnage and the available space on board. The gross tonnage (GT) is a measure of the ship's overall size and is calculated by adding up the volume of all its enclosed spaces. The net tonnage (NT) is a measure of the usable space on board and is calculated by subtracting the volume of non-revenue-earning areas such as engine rooms, crew quarters, and storage areas from the gross tonnage.
To calculate the maximum number of passengers that can be accommodated on board, divide the gross tonnage by 100 for vessels under 500 GT, or by 125 for vessels 500 GT or over. This will give you an approximation of how many berths are available on board. For example, a vessel with a gross tonnage of 2,000 would have approximately 20 berths available.
What is the ship's gross tonnage
The gross tonnage (GT) is a measure of the ship's overall size and is calculated by adding up the volume of all its enclosed spaces. To calculate the GT, start by measuring the length, width, and height of each space on board in feet (or meters), then multiply these dimensions to get the volume in cubic feet (or cubic meters). Finally, multiply this figure by 0.001163 (for ships measuring in feet) or 0.000118 (for ships measuring in meters) to convert it into gross tons.
For example, if a particular space on board measures 20 feet long x 15 feet wide x 10 feet high, its volume would be 20 x 15 x 10 = 3,000 cubic feet. To convert this into GT, we would multiply 3,000 by 0.001163 to get 3.49 GT.
What is the ship's net tonnage
The net tonnage (NT) is a measure of the usable space on board and is calculated by subtracting the volume of non-revenue-earning areas such as engine rooms, crew quarters, and storage areas from the gross tonnage. To calculate NT, start by measuring these non-revenue-earning spaces on board in feet (or meters), then multiplying these dimensions to get their volumes in cubic feet (or cubic meters). Finally, subtract these figures from your total gross tonnage to get your net tonnage figure.
For example, if your vessel has two engine rooms that measure 30 feet long x 20 feet wide x 15 feet high each, their combined volume would be 30 x 20 x 15 x 2 = 3600 cubic feet. To convert this into NT we would subtract 3600 from our total GT figure to get our NT figure: 2249 NT.
Inspect the vessel's condition
Check for wear and tear
When inspecting a vessel, it is important to check for signs of wear and tear. This can be done by checking the hull for cracks or leaks, as well as checking the engine and other systems for any damage or corrosion. It is also important to check the vessel's moorings and anchorages to make sure they are in good condition.
Have a professional inspection done
A professional inspection should be done by a qualified marine surveyor. This will ensure that all aspects of the vessel are checked, including the hull, engine, moorings, and anchorages. The surveyor will also take into account the age of the vessel and its current condition when assessing its value.
Determine the vessel's purpose
Will the ship be used for commercial purposes. Will the ship be used for private purposes
The purpose of the vessel will determine what type of ship you need to purchase. There are two main types of ships: commercial and private.
Commercial ships are used for business purposes, such as transporting cargo or passengers. These ships must meet strict safety and environmental regulations. Private ships are not subject to the same regulations as commercial ships. They can be used for pleasure or personal transportation.
When determining the purpose of the vessel, you must also consider how the ship will be used. For example, if you plan to use the ship for charter trips, you will need a vessel that is large enough to accommodate passengers and their luggage. If you plan on using the ship for fishing trips, you will need a vessel that is equipped with fishing gear.
Consider the ship's location
Where is the ship located
The ship's location is important for a number of reasons. First, it will affect the cost of operating the vessel. If the ship is located in a remote area, it may be more expensive to fuel and maintain than if it were located closer to shore. Second, the ship's location will affect its value. A ship that is located in a desirable area will be worth more than one that is not. Finally, the ship's location will also affect its insurance costs. A ship that is located in a high-risk area will be more expensive to insure than one that is not.
What is the ship's home port
The ship's home port is also important to consider. This is because the home port will determine where the vessel must be registered. In some cases, it may also affect the taxes that are due on the vessel.
Look at the ship's papers
Make sure the ship is registered
The first thing you need to do when looking at a ship's papers is to make sure that the ship is registered. You can do this by checking the ship's certificate of registry. The certificate of registry will list the name of the ship, the date of registration, and the port of registry.
Check the ship's certificate of registry
The second thing you need to do when looking at a ship's papers is to check the ship's certificate of registry. The certificate of registry will list the name of the ship, the date of registration, and the port of registry.
Determine the ship's value
Get a professional appraisal
A professional appraisal will give you the most accurate estimate of the ship's value. Make sure to get an appraisal from a reputable source, such as a certified marine surveyor.
Compare prices of similar ships
Another way to determine the value of a ship is to compare it to similar ships on the market. This will give you a good idea of what the ship is worth in today's market.
Consider the ship's financing options
Apply for a loan. Find a private buyer
There are a few different financing options to consider when purchasing a passenger ship. You can either apply for a loan or find a private buyer.
Applying for a loan is a good option if you have the financial stability to make monthly payments. Make sure to shop around and compare interest rates before signing any paperwork. You can also use this opportunity to negotiate terms and get the best deal possible.
Finding a private buyer is another option, but it may be difficult to find someone who is willing to pay the full price of the vessel. You may be able to find a buyer through word-of-mouth or by posting an ad online. Once you've found a potential buyer, be sure to have the ship surveyed so there are no surprises later on.
Have the ship surveyed
Make sure the ship is seaworthy
The first step in buying a passenger ship is to have it surveyed by a professional. This will ensure that the ship is seaworthy and that there are no hidden damage.
Check for hidden damage
A professional surveyor will also check for hidden damage, such as cracks in the hull or leaks in the engine room. They will also inspect the vessel's equipment and systems to make sure they are in good working order.
Conclusion
After reading this, you should have a good understanding of what to look for before buying a passenger ship. Do your research, know your costs, and inspect the vessel thoroughly to avoid any surprises down the road. With careful planning and due diligence, you can be the proud owner of a ship that will provide years of enjoyment.
Buy passenger ships: A guide to the best deals!
Introduction
If you're in the market for a passenger ship, this guide will help you find the best deals. We'll cover the benefits and costs of ownership, where to find the best deals on new and used ships, and tips for negotiating the best price. With this information in hand, you'll be ready to get a great deal on your next passenger ship purchase.
Why buy a passenger ship
The benefits of ownership
Passenger ships are a great investment for a number of reasons. First, they can be a great source of income. Passenger ships can be used to transport people and cargo between different ports. They can also be used for charter services or private tours. Secondly, passenger ships are a great way to travel. They offer a comfortable and luxurious way to see the world. Finally, passenger ships are a good investment because they appreciate in value over time.
The costs of ownership
Of course, there are also some costs associated with owning a passenger ship. The most obvious cost is the purchase price of the ship itself. But there are also ongoing costs such as maintenance, fuel, and crew salaries.
How to find the best deals on passenger ships
Used ships
There are pros and cons to buying both new and used passenger ships. Newer ships will obviously come with a heftier price tag, but they will also likely have more updated features and amenities. Used ships may be a more budget-friendly option, but it is important to do your research to make sure you are getting a quality vessel. It is also worth noting that some used ships may still have warranty coverage from the previous owner.
Where to find the best deals
There are a few different avenues you can explore when looking for the best deals on passenger ships. You can search online classifieds websites, brokerages that specialize in selling passenger vessels, or even directly from shipyards or manufacturers. It is important to compare prices and options from multiple sources before making a final purchase decision.
Tips for negotiating the best price on a passenger ship
The art of negotiation
When it comes to negotiating the best price on a passenger ship, there are a few key things to keep in mind. First, it's important to remember that the person you're negotiating with is likely just as interested in getting a good deal as you are. This means that it's important to be respectful and professional throughout the process. Secondly, it's important to have a clear idea of what you're willing to pay for the ship before beginning negotiations. This will help you avoid getting caught up in the emotion of the moment and overpaying for the vessel. Finally, it's important to be prepared to walk away from the deal if necessary. If you keep these tips in mind, you'll be well on your way to negotiating the best possible price on your new passenger ship!
Common negotiating tactics
There are a few common negotiating tactics that you should be aware of when attempting to get the best price on a passenger ship. One common tactic is known as "anchoring." This involves making an initial offer that is significantly lower than what you're actually willing to pay, in order to leave room for negotiation. Another common tactic is called "good cop/bad cop." This involves having two people negotiate with each other, with one person taking a hardline stance and the other being more flexible. This can often lead to the other side feeling like they need to make concessions in order to reach an agreement. Finally, another common tactic is known as "brinkmanship." This involves both sides threatening to walk away from the deal if their demands are not met, in hopes of getting the other side to make concessions. If you're aware of these common negotiating tactics, you'll be better equipped to get the best possible price on your new passenger ship!
Conclusion
If you're considering purchasing a passenger ship, there are a few things you should keep in mind. First, ownership has its benefits and costs. Second, it's important to find the best deals on ships by considering both new and used options. Finally, when negotiating price, remember the art of negotiation and common tactics that can be employed. By following these tips, you'll be sure to get the best deal on your purchase.
