Abstract
Unquestionably, the acquisition of a vessel is a major undertaking. It is a project that involves the expenditure of a vast amount of money, manpower and other resources. Frequently, such an acquisition program calls for acquiring not just one vessel but several at the same time. This makes the project even more financially significant. Because of the amount of money involved, the long-term major commitment of the buyer and the risks involved, a vessel acquisition program requires a formal and disciplined approach to the project. This includes strategic planning, the development of a mission statement, the use of professional advice, the identification of risks, the development of a schedule and budget, and strict adherence to them—in short, disciplined project management.
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Cushing, C.R. (2016). Shipbuilding Finance. In: Kavussanos, M., Visvikis, I. (eds) The International Handbook of Shipping Finance. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-46546-7_4
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DOI: https://doi.org/10.1057/978-1-137-46546-7_4
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