War Stories
Also known as what not to do in the commercial vessel sale process, taken from actual experiences
Learn from the mistakes of others and how we can help you avoid costly mistakes
If you have similar stories, then please share them with us by submitting the form at the bottom of this page. We may post an article or video about how we’d handle your situation.
NOTE: New vessel sale tips will be posted weekly starting in July 2024. Sign up for our newsletter to have them periodically sent to you.
War Story 1: Never Buy a Vessel Before Confirming that…
BUYING TIP: Always confirm that the vessel registry you want to use will accept your new vessel before you commit to buy it. Background: Our client wanted to buy a tug that had been laid up for several years and needed a lot of work to become operational. He was…
War Story 2: Don’t Underestimate the Cost to Make a…
BUYING TIP: Never finalize a vessel purchase without a clear understanding of the costs to make it operational. Repair costs can significantly impact the overall investment. Background: A client, intent on quickly purchasing a tugboat, was prepared to proceed without obtaining cost estimates for necessary repairs. The tugboat had been…
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We may post an article or video about your story. If we do, we’ll change names and omit identifiable information.
Important: Please avoid using real names in your story and don’t send us confidential information. By providing your phone number in the form above and pressing the “Share Your Story” button, you agree to receive automated text messages from Aegis Maritime Law, LLC and also agree to our Privacy Policy. Message frequency will vary. Message and data rates may apply. Reply HELP for help or STOP to cancel.
