SCRAP VESSEL ACQUISITION IN NIGERIA: WHY A PROPERTY LAWYER IS REQUIRED

SCRAP VESSEL ACQUISITION IN NIGERIA: WHY A PROPERTY LAWYER IS REQUIRED

Buying a scrap vessel in Nigeria’s dynamic market is capital intensive. It requires careful planning and expert legal guidance. Engaging a seasoned Property Lawyer safeguards your investment, ensuring legal compliance and minimizing risks.

The roles of a Property Lawyer in scrap vessel acquisition are:
1. Vessel Ownership Authentication: Verifies ownership, identifies legal issues and ensures valid transfer of ownership.

2. Regulatory Compliance: Ensures compliance with NIMASA, NPA, NESREA, Environment & Transport Ministries, Customs Service, Nigerian Navy, etc.

3. Contract Drafting: Drafts and negotiates Sale and Mandate Agreements protecting your interests.

4. Risk Avoidance: Conducts comprehensive due diligence.

5. Dispute Resolution: Provides strategic representation in potential disputes.

The negative implications of not engaging a Property Lawyer are investment losses and liabilities; heavy regulatory penalties; fines; vessel seizure; ownership disputes, etc.

The benefits of an expert Property Lawyer/Attorney are in-depth guidance in Nigerian maritime law; strategic negotiation and dispute resolution; compliance assurance; saving buyer costly mistakes and maximize returns.

Don’t gamble with your scrap vessel acquisition plans. Engage a Property Lawyer for best results.

Need legal help when buying scrap vessel? Contact Apex Chambers, top Property & Business Lawyers, Port Harcourt, Nigeria.

Phone: +2347030868694

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com