How is a Ship Onboarded on the Shipfinex Platform?

Dear Future Ship Owner,

Ever wondered what happens behind the scenes when a ship joins the Shipfinex platform? You're about to discover the journey that transforms a massive ship into ownership tokens that you can actually buy. 

The Starting Point: Asset Submission

Ship onboarding begins when maritime asset owners approach Shipfinex with their ships. Think shipping companies that have been running cargo ships for decades. But here's what makes our process unique: 

Not every ship that applies makes it onto the Shipfinex platform.

The ship owner submits comprehensive details about their ship, including how it's built, how it's performed, and the commercials. This is the foundation that determines whether we will onboard this ship.

Step 1: Rigorous Due Diligence

Before any ship reaches the Shipfinex platform, it faces our comprehensive vetting process. Think of this like buying a used car, but instead of checking the engine and tires, we're examining a multimillion-dollar ship.

What gets scrutinized:

• Technical specifications: Is the hull in good shape? Do the engines run efficiently? Are all safety systems working?

• Operational history: When was it last in dry dock? How often does it break down?

• Legal standing: Does the owner actually own this ship free and clear? Are all permits and registrations up to date?

• Financial performance: How much revenue has this ship generated? What are the operating costs? How does it compare to similar ships?

Independent maritime experts conduct this evaluation in addition to our internal team. Why? Because when you're considering ship ownership, you deserve an unbiased, professional assessment from people who know ships and maritime industry inside-out.

Step 2: Professional Valuation

Once a ship passes the due diligence, independent maritime valuation experts determine what it's actually worth in today's market. It's based on what similar ships have sold for, what earnings they can generate, and current shipping market conditions.

This professional valuation ensures that when you become a ship owner through our platform, you're paying a fair price.

Step 3: Legal Structure Creation

Here's where ship onboarding gets sophisticated. The approved ship gets legally transferred into something called a Special Purpose Vehicle, or SPV. To understand simply, think of it as creating a separate company that exists solely to own that one specific ship.

Why this matters: The SPV legally separates the ship from the original owner's other business operations. If the shipping company that used to own the ship runs into trouble, your ownership stake remains protected within this separate legal structure.

Step 4: Tokenization Process

This is where traditional ship ownership transforms into something accessible to regular people. The ship's ownership, now secured within the SPV, gets converted into Maritime Asset Tokens (MATs) on our secure blockchain.

Each token represents a verified, fractional legal share of the actual physical ship. The blockchain permanently and transparently records your ownership, creating what was impossible before: 

The ability to own part of a ship without needing millions of dollars.

Step 5: Platform Integration & Listing

The final onboarding step involves listing the tokenized ship on our platform with complete transparency:

• Detailed ship specifications and operational data

• How the ship has performed historically and what charter rates it commands

• High-quality photography and complete documentation

Only after this comprehensive process does the ship become available for fractional ownership by our verified community.

Why This Process Protects Your Ship Ownership

Every onboarding step serves a critical purpose:

✅ Due diligence ensures you're owning a quality asset 

✅ Professional valuation guarantees fair pricing 

✅ SPV structure provides legal protection for your ownership 

✅ Blockchain tokenization creates transparent, transferable ownership 

✅ Platform integration enables a seamless ownership experience

The Current Reality: Our First Ship

Right now, our inaugural ship is progressing through these exact steps. The due diligence is complete, valuation is finalized, and tokenization is underway.

But here's the important part: when this ship completes the onboarding process and goes live, only KYC-verified users can become owners.

Don't Miss Maritime History

You're witnessing the first time ships have been made accessible through this rigorous, transparent onboarding process. The question is: 

Will you be ready when our first ship completes onboarding?

What you need to do:

• Not KYC-verified? Click Here to complete your verification now. Processing takes 2 minutes

• Already verified? You're all set for launch notifications

• Want real-time updates? Join our community channels: https://linktr.ee/shipfinex

The ship onboarding process is nearly complete. Your verification process should be too.

Until Next Time, 

The Shipfinex Team