Mideast

What We Do

Cash Buyers

The average life of a vessel is approximately 25 years from build until it will be considered for recycling. We understand for many ship-owners the sale of a ship for recycling brings with it considerable commercial risk. Mideast take away the risk being a specialist in this industry with in-depth experience and knowledge. The last shipowner of the vessel will have no dealings direct or indirect in the contract arrangements with the Ship-breaker. This enables the Shipowner to sell his vessel in a “neutral location” receive his cash and close his books.

Within the Shipping Industry companies such as Mideast are commonly know as “Cash Buyers” A cash buyer, is an entity that purchases a vessel on a prompt payment basis and delivers it to a recycling yard for the purpose of recycling. Cash Buyers are the “middle men” Cash Buyers are not brokers.The main function of our business includes sales (selling), financing (taking title of the vessel against payment), market evaluation (forecasting future prices, demand/supply). Mideast provide an important economic and distribution function to the owners of vessels globally.

Wherever the vessel is in the world Mideast will provide the ship owner with an ability to sell his vessel on cash terms. The options available will be either AS-IS “where is” or Delivered basis .The sale will be secured against security of either full payment on an AS-IS basis or a deposit on delivered. All sales with Mideast are concluded by a sales contract governed by English law.

Quick Contact

U.A.E. OFFICE:

Mideast Ship Trading FZE.,

Suite No.308, Block J, The Square, Al Mamzar, Dubai – UAE.

Tel.: +971-6-5263644 | Email: __________________

U.K. OFFICE:

Mideast Shipping & Trading Ltd., London Office

Tel: 44(0) 1992-586319, Mob: 44(0) 7770-234293

Email: steve.wansell@mideastshipping.co.uk