The Process
How ShipScout works
A controlled, confidential process from first estimate to secure closing — with verified buyers and independent legal support at every stage.
01
Estimate your vessel value
Enter your IMO number. We instantly retrieve vessel specifications and calculate an indicative recycling value based on live yard benchmarks — free and with no obligation.
02
Submit confidentially
Choose to submit your vessel for verified offers. Your identity and vessel details are never shared without your explicit approval. No public listing is created.
03
Identity & authority verification
ShipScout verifies your identity and authority to represent the vessel. This protects both sides and ensures only legitimate transactions proceed.
04
Receive indicative offers
Within 24 hours, we return indicative offers from verified recycling yards and cash buyers matched to your vessel. Review all offers on equal terms.
05
Approve disclosure
You decide which buyers may see your full vessel details. Only after your explicit approval are identity, documents and exact position shared.
06
NDA & secure deal room
NDA executed. A secure deal room is opened with full vessel documentation, class certificates and relevant commercial information.
07
Close securely
Independent legal review, KYC/AML and sanctions screening, MOA execution, secure payment and delivery coordination — all managed through ShipScout.
For Recycling Yards & Cash Buyers
01
Apply for buyer access
Submit your acquisition criteria, company details and certifications. We verify every buyer for KYC, sanctions compliance, financial capacity and relevant certifications.
02
Receive matched opportunities
Access anonymous vessel opportunities matched to your DWT range, vessel type and delivery preferences — before they appear on the open market.
03
Express interest
Shortlist vessels that match your criteria. Your interest is logged confidentially. Shipowner is notified that a verified buyer has expressed interest.
04
Owner approves disclosure
Shipowner reviews buyer profile and approves disclosure. NDA is executed. Full vessel details, documents and owner identity are released.
05
Submit indicative offer
Review full vessel information in the secure deal room. Submit your indicative offer with price, delivery terms and conditions.
06
Due diligence & KYC review
Independent KYC/AML, sanctions screening and legal review are conducted for both parties. All compliance requirements verified.
07
MOA, payment & secure closing
Memorandum of Agreement executed. Secure payment coordination and delivery management — with legal support throughout the closing process.
Platform Principles
Confidential. Verified. Secure.
Confidentiality by design
Owner identity, vessel name, exact position and documents are never shared without explicit consent at each stage. Calculator use creates no listing.
Verified buyers only
Every recycling yard and cash buyer is screened for KYC, sanctions, financial capacity and certifications before receiving any opportunity access.
Owner-controlled disclosure
Shipowners control exactly what is shared and with whom. Each disclosure requires explicit approval. Offers can be reviewed before any identity is revealed.
24-month non-circumvention
All parties agree to non-circumvention terms. Transactions introduced through ShipScout are protected for 24 months regardless of flag, name or structure changes.
Independent legal support
Independent legal review, KYC/AML compliance, sanctions screening, MOA drafting and secure closing coordination are provided throughout the transaction.
Real market data
Live AIS monitoring, independent LDT assessment and real-time yard benchmarks — not brokerage estimates or indicative market chatter.
Ready to get started?
Shipowners estimate for free. Buyers apply for verified access.