Ship Finance

Ship Finance

We advise ship owners, offshore contractors, banks and financial institutions and investors in shipping as well as their legal representatives worldwide on the financing of the construction of new build vessels and the acquisition of second-hand tonnage of all types and characteristics, as well as on rig construction and purchase and the conversion and outfitting of floating production, storage and off take (FPSO) vessels.

Our experience includes advising on, documenting and negotiating transactions and issuing legal opinions on a range of ship financing transactions, from the straightforward bi-lateral loan facility to the more complex syndicated structured asset, corporate and project facilities. From our broad experience of ship financing methods, we provide advice and assistance on loan or lease finance (including long and short term bareboat charter financing) as well as equity and mixed equity and debt finance.

We have advised extensively on guarantee, security and other documentation (including inter creditor agreements) and regularly assist owners and banks in connection with the registration of ships, ship mortgages, assignment of insurances and earnings, pledges of shares agreement, pledges of accounts and other security.

We also undertake the registration and deletion of ship mortgages in the Cyprus Ships Registry, and in various other selected registries, including the Marshall Islands, as well as registering of ship mortgages and other related registrable charges with the Registrar of Companies in Cyprus.