Unlike the sale and purchase of other assets, the sale and purchase of ships requires special care and attention. Shipbrokers in the sale and purchase segment connect shipowners, buyers and investors. They facilitate negotiation and completion of the transactions, which usually take many days. The shipbrokers also offer valuable market insights and expertise in determining the right kind of ships, their valuation and take their clients through the legal and regulatory complexities. They assist their clients in all aspects which will include inspections, technical evaluations, due diligence process, banking arrangements and also in choosing technical managers for the vessel. In a market where prices and demand, and supply of ships are fluctuating, the knowledge and skill of a shipbroker in identifying opportunities, providing sound advice and managing the negotiations is very crucial. Shipbrokers ensure that the process of buying and selling ships which lasts days or even months, is completed smoothly and efficiently.