Ship transaction means the behavior of that a ship owner hands the ship all to the buyer who accepts the ship and makes the payment . Ship transaction is a special transaction of goods . Generally, ship transaction includes generalized sense and narrow sense. Its generalized sense includes new shipps saling&purchasing, used shipps saling&purchasing, shipbreaking saling&purchasing and the Court auction. Its narrow sense usually refers to used ship saling&purchasing.
In contrast, the used ship transaction mostly can react the nature of the ship sales or purchase contract which legally belongs to the sales or purchase contract and of which shall apply subject to the legal regulation. The ship sales or purchase contract is an agreement of that the seller sales the ship to to the buyer and the buyer accepts the ship and make the payment. The conclusion of the contract must go through offer and promise and combine with professional legal sales or purchase knowledge, which negotiation can be in process directly between the seller and the buyer. But internationally, the most negotiation is via the ship broker. Interiorly, there sets up shipping exchange in some developed places of shipbuilding industry and shipping industry. The buyer and the seller can finish the ship sales or purchase according to the transaction process in the exchange. Thus, the professional ship broker plays a decisive role ,to which NJS is being paying close attention.