Shipping Finance Documentation
Details
This training aims to provide an understanding of the documentation involved and how this can be used to minimize 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.
Outline
The ship finance market
- What makes ship finance different?
- International nature of the business
- Some hedging options
- Transaction types
Flags & ship registration, security, second hand and newbuilding
- National, offshore and open registers
- Bareboat registration and the lender's perspective
- Basic security for second hand purchases
- Document structure
- Security for newbuilding finance
Loan Agreement Preliminary Issues
The basic security
- Mortgage
- Collateral assignments
- Share security
Enforcement
- Pre-enforcement options
- The lenders’ principal remedies
The security documents
Common provisions of basic security documents
Insurance covenants
- The standard marine risks
- Captive insurance companies and reinsurance
- The role of the letter of undertaking
- Fleet policies
- Mortgagee’s interest insurance
- Brokers and clubs
Trading the ship
- Different types of charter and other employment
- Pool agreements
- Ship managers
- Impact on bank’s security
- Treatment in loan and security documents
The loan – who is the borrower?
- Structural subordination
- Cross security
- Cross default
- Hazards of guarantees and third party security
Due diligence, conditions precedent & closing
- Where should due diligence be conducted?
- What should the legal opinion say?
- What should the conditions precedent be?
- Payment letters and simultaneous closing in different locations
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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