WHAT IS A SCRAP VESSEL?

WHAT IS A SCRAP VESSEL?

A scrap vessel, also known as a scrap ship or end-of-life vessel, is a boat or ship that has reached the end of its operational life; is no longer seaworthy or economically viable; is due for dismantling, recycling or outright disposal.

Scrap vessels include aging cargo ships; retired naval vessels; damaged or wrecked ships/boats, outdated ferries/cruise ships or old barges.

Scrap vessels are often sold for breaking (dismantling and recycling); crapping (demolition and material recovery) or conversion (repurposing as a floating structure).

In Nigeria, scrap vessels are often imported for recycling and reuse of materials; conversion into floating hotels, restaurants, offices or other structures; repair and refurbishment for reuse.

The scrap vessel industry involves complex and stringent legal regulations, environmental concerns and high-level safety risks, making expert legal guidance from a Property Lawyer important for persons seeking to buy scrap vessels.

A property lawyer ensures compliance with Nigerian maritime regulations, verifies ownership and mitigates risks in scrap vessel transactions.

If you need legal help with buying a scrap vessel, contact Apex Chambers, outstanding physical and virtual/online Law Firm of specialized Lawyers, Barristers, Solicitors, Advocates, Attorneys and Notary Public with 17 years practical legal experience and Law Office in Port Harcourt, Rivers State, Nigeria, anyday, anytime and from anywhere in the world.

Phone: +2347030868694

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com