Shipping 2026
Transfer of titleWhen does title in the ship pass from the shipbuilder to the shipowner? Can the parties agree to change when title will pass?>>🔗
This would depend on whether the new build is registered at the shipping registry. The title of a new build that is not registered at the shipping registry shall pass through the transfer of possession from the shipbuilder to the shipowner, after the physical delivery and the signing of the protocol of delivery and acceptance. However, for registered vessels, the title shall pass to the shipowner at the shipping registry through an official transaction of the registrar, who shall transfer the ownership and record such change at the registry. Under Turkish law, the parties may decide in the shipbuilding contract whether the shipyard or the contractor will be the registered owner. The Turkish Commercial Code allows foreign contractors to be registered owners of new builds.
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