Key takeaways A ship is best understood as a set of connected systems: structure, propulsion, steering, power, cargo, safety, and navigation . Most components matter because they influence three outcomes: seaworthiness, operating cost, and compliance . Ships are inspected throughout their life by classification societies , flag state authorities , and port state control  to confirm they remain safe and compliant. Why this guide exists Ships are among the most complex operating assets in the...

This week, a policy discussion paper published by the Research and Information System for Developing Countries (RIS), New Delhi , examines maritime asset tokenization as a potential mechanism to mobilize capital for shipbuilding and ship ownership. The paper ( Discussion Paper #318, January 2026 ) is authored by Commodore Sujeet Samaddar (Retd)  and Vanshika Goyal , under RIS’s Centre for Maritime Economy and Connectivity (CMEC). Why this matters beyond one geography Shipping finance is...

Key Takeaways Invalid Notice of Readiness means laytime never starts, even if accepted.  The most critical legal principle is that an invalid NOR doesn't trigger laytime counting, regardless of whether the charterer accepts it or cargo operations proceed. This can completely void demurrage claims worth hundreds of thousands of dollars, as the laytime clock never legitimately commenced. All five validity requirements must be satisfied simultaneously.  A Notice of Readiness is only valid when...