Review a ship sale memorandum of agreement on the standard form
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Compare the memorandum of agreement and its riders against the unamended SALEFORM 2012 text and build a table of every amendment and rider clause, covering deposit, inspection, notice of readiness, cancelling date, delivery condition, documentation and default, with the clause quoted and the party it favours.
- What the lawyer must review
- Decide which amendments the client should accept or resist, settle the delivery, documentation and default positions, and check that the closing documents list and any flag-change steps work for the buyer's or seller's registry.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Compare the memorandum of agreement and its riders against the unamended SALEFORM 2012 text and build a table of every amendment and rider clause, covering deposit, inspection, notice of readiness, cancelling date, delivery condition, documentation and default, with the clause quoted and the party it favours. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- Confirm the edition of the standard form the parties have used before comparing.
- Check each quoted amendment against the executed or latest draft memorandum.
- Check the closing documents list against the requirements of the registry the ship is moving to.
- Check the output against the source documents named in it before it is relied on.
Sources
- BIMCO: SALEFORM 2012 · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.