What Is The Role Of A Cash Buyer in Ship Recycling

What Is The Role Of A Cash Buyer in Ship Recycling Summary – This article focuses on What Is the Role of a Cash Buyer in Ship Recycling? Green Ship Recycling is the only environmentally friendly manner to dismantle the ship and ensure zero impact of the toxic metals on human and marine life.

When a ship serves it tenure and is on the verge of getting terminated from its service, it is dismantled. For ship owners dismantling of ships turns out to be a complex process because of the efforts and resources it requires and so they tend to dismantle the ships illegally. This process leads to severe environmental and human health hazards.

Herein comes the role of a cash buyer who purchases the decommissioned ship on a 100% cash payment to the owner and then deploys the ship for green ship recycling process to maximize the operational profit from it and minimize the environmental hazards. They are basically scrap dealers who bring the ship to its final destination of ship yards wherein they are recycled. So cash buyers facilitate this process from owners to ship yards. Owners don't directly contact the shipyards but only the cash buyers who pay them immediately and take ownership of the ship and then ultimately sell it to ship breaking industries on the yards.

There is a very important reason for cash buyers to be involved in this process. The dismantling of ships is a complex process and entails a lot of legal, financial and environmental risks. To avoid all these risks and extra burden the ship owners save themselves from the consequences of ship dismantling. Once sold the ships are no longer the responsibility of their owners and any illegal disintegration of the ship bears no accountability from them.

The two ways this deal gets executed is 'as in where is' and delivery basis. According to the 'as in where is' basis, the cash buyer buys the ship from its current location and takes the entire responsibility of

bringing it to the nearest or designated ship-breaking yards. The transfer of ownership, cash payment and the necessary paperwork is done on the site itself. In delivery mode, the owner brings the ship to the designated location usually near the yards and then the deal is executed.

A credible cash buyer ensures a seamless transaction between the owner and recycler. They facilitate the transfer of ownership in a hassle-free manner from anywhere in the world and also ensure a no-glitch handover to the yards. Sustainability, integrity and strong customer relationship is what should drive the team of a good cash buyer. One of the leading names is Best Oasis whose 5-fold process ensures transparent and uncomplicated deals which has led them to execute more than 550 ships purchased and sold worldwide: 1. Receiving the offer 2. Quoting a price - Initial offer based on the details of the ship, the type of deal and seller requirements.

3. Counter offer 4. Recap round - To ensure zero scope of misunderstanding.

5. Seal the Memorandum of Agreement.

Conclusion – Clearly a cash buyer in ship recycling plays a very important role in facilitating the entire process. There are several benefits accrued from availing the services of a cash buyer.

Resource Box – If you want to discard your ships, then scrap ship cash buyers like Best Oasis can really solve your worries. They completely take care of all the processes, ensure zero-violation of laws and provide you upfront payment. They purchase scrap ships for recycling to ensure minimum environmental damage. This way a ship owner can have the best deal for his ship, immediate payment and even support the cause of environmental concerns. Best Oasis services are not just limited to this, but they also ensure that their purchased ships undergo green ship recycling norms.