Maritime sales

  • aerial view of blue and white boat on body of water during daytime
  • Maritime sales: understanding the main formulas and their legal implications

    By Yasmine EDDAM
    1 May 2025
    International trade is largely based on trade in goods transported by sea. These transactions, known as maritime sales, have important legal characteristics that all international trade operators must master in order to secure their operations. Unlike traditional sales, maritime sales incorporate the sea transport dimension into their mechanism. The different types of sale by sea A sale by sea is a sale of movable property in which the parties attach certain legal effects to the sea voyage required to transport the goods from the seller to the buyer. The basic classification distinguishes between outward and inward sales, depending on when the risks associated with the transport are transferred. Basic distinction: sales on departure vs. sales on arrival In sales on departure, the risks are transferred to the buyer as soon as the goods leave the ship. The goods therefore travel at the buyer's risk, even though the seller...
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