The shipowner, who sell their ship, may be requested to provide a ship valuation certificate. Identify the different parties who would pay for this, and explain the reasons why they would require such a certificate.

Question 1 The shipowner, who sell their ship, may be requested to provide a ship valuation certificate. Identify the different parties who would pay for this, and explain the reasons why they would require such a certificate. [10 marks]

Question 2 Identify the types and sources of market information, which are available to charterers and shipowners. With the aid of examples, explain how such information may assist charterers and shipowners in making their chartering decisions.

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