After four years of work by Working Group VI (taking into consideration the initial draft submitted by the CMI) at UNCITRAL, in which Eduardo Albors and Juan Pablo Rodríguez have been participated, the Instrument finally approved is expected to provide legal protection for purchasers of ships sold by judicial sale, while safeguarding the interests of shipowners and creditors. The clean title acquired by the purchaser though a judicial sale over the ship (by auction or by private treaty) will be recognized internationally. The General Assembly authorized a signing ceremony for the Convention to be held in Beijing (China) and recommended the Convention be known as the “Beijing Convention on the Judicial Sale of Ships”.
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