- How secure is my deposit?
- Can my vendor finance the construction of my vessel without my assistance?
- Who owns my vessel during construction?
- Is any security interest possible given where the vessel is being constructed?
- Can I utilize a letter of credit to guarantee my payment?
- Do I have the ability to receive security for the payments on my vessel?
- What happens if my delivery is delayed?
- What have past delivery experiences been like?
- Can I talk to the last 5 purchasers about their delivery experiences?
- What is the commissioning process?
- What are the consequences of signing an Acceptance and Delivery agreement?
- Do I have any recourse to hold the vendor accountable if delivery of my vessel is delayed?
- Will I be compensated if my delivery is delayed?
- What guarantees are there for my investment?
- What contractual protections are in place for surprise “extras” being invoiced at both the delivery and acceptance time?
- How many vessels are currently under contract to be built by the vendor?
- What are the vendor’s delivery schedules for the next 36 months?
- Is any security for my payments possible if my new vessel is being constructed in another country?
- What would happen to my investment in my new vessel if a financial collapse occurred and my builder/vendor became insolvent?
- Does my builder have a sufficient operating line of credit with a bank or financial institution?
- Does my builder have sufficient working capital to cover “day to day” cash requirements without receiving a new vessel deposit on a new build?
- How can I ensure that my funds are not used to complete another parties vessel?
DOCUMENTS
Review several documents outlining the results from inspections and surveys from third-parties.
STATEMENTS
Many mistruths were stated by PAE, such as the company denying the expert reports and photos.
QUESTIONS
Questions potential buyers should ask before entering into a contract for the build of a new vessel.
VIDEOS
Video statements surrounding Nordhavn and Pacific Asian Enterprises (PAE) controversies.