Ship Finance

Description

The global industry of ship finance is greatly affected by today’s everchanging economic climate. The technical and complicated issues surrounding it, as well as the many taxation liabilities involved, can make ship finance a potentially expensive minefield. However, despite the risks involved, ship finance can be one of the most profitable ventures that a financial institution can undertake. With the correct finance structure and meticulously prepared loan and insurance documentation, many of these liabilities can be identified and accounted for.

This course, 'Ship Finance' is organised in association with leading specialist ship finance lawyer Sue Wright, aims to provide an understanding of the documentation involved and how this can be used to minimise the inherent risks and liabilities in such activities. You will return to your office equipped with the knowledge and skills required to operate effectively in the potentially lucrative field of ship finance.

Summary of course content

• The ship finance market
• Flags and ship registration
• The basic security
• Enforcement
• The security documents
• Insurance covenants
• Trading the ship
• The loan – who is the borrower?
• Due diligence, conditions precedent and closing
• Newbuildings
• Security – other issues
• The loan agreement
• Other financing structures