The maritime market can be described as a cyclical market in which dynamic and unpredictable changes take place in relation to supply and demand. It is structured in a way that meets the needs of clients by defining different types of contracts that differ in duration, method of payment and cost reduction. The term "second-hand vessel" means any vessel that is not newly built or not sent to the scrap yard, regardless of its age. The advantage of secondhand vessels is in their price and in the fact that they have a much shorter delivery time compared to new buildings. A vessel as a way of transport is an expensive investment, and its maintenance involves extremely high costs. The maintenance costs of the vessel are closely related to its age, condition and the previous method and intensity of maintenance. In the second-hand ship market, the price is primarily conditioned by freight rates corresponding to positive or negative business cycle trends. Very important factors that also affect the secondhand vessel price are the age of the vessel, inflation, and the shipowner's expectations about future market trends.