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Practice notes
This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...
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9th Nov
Practice notes
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
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9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...
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9th Nov
Practice notes
This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...
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9th Nov
Practice notes
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses...
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9th Nov
Practice notes
What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...
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Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
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9th Nov
Practice notes
Novation is a means by which a lender can transfer its interest in a loan to another lender.This Practice Note looks at what is meant by novation...
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9th Nov
Practice notes
What are they?A bridge to bond facility is a type of acquisition financing where the buyer requires the certainty of a fully committed financing...
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Produced in partnership with Cleary Gottlieb and Ian Chin of Morrison & Foerster 12th Jan
Practice notes
There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...
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9th Nov
Practice notes
A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...
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Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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9th Nov
Practice notes
This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...
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9th Nov
Precedents
[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
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9th Nov

Most recent Shipping finance content

Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Tony Rice of HFW, Gudmund Bernitz of HFW and Aysha El-Kaddah of HFW 14th Apr
Precedents
[to be printed on headed notepaper of Association][insert name of assignee][insert address of assignee]Dear Sirsm.v. '[insert name of vessel]'—[insert...
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12th Apr
Practice notes
This Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906. It looks at the principles of...
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9th Apr
Practice notes
Jurisdictions coveredThe following jurisdictions are covered in this report:Cyprus; Germany; Italy; Japan; Liberia; Malta; Marshall Islands; Nigeria;...
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9th Apr
Practice notes
Jurisdictions coveredThe following jurisdictions are covered in this report:Brazil; Canada; China; Japan; Netherlands; Nigeria; Norway; Russia;...
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9th Apr
Practice notes
This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...
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8th Apr
Practice notes
STOP PRESS—Coronavirus (COVID-19) and registration of charges at Companies House: The content of this Practice Note is affected by the Companies etc...
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8th Apr
Practice notes
This Practice Note considers the principal types of security that a lender may look to take in a ship finance transaction. The main type of security...
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8th Apr
Practice notes
IntroductionThe main forms of standard security taken in a ship finance transaction comprise a vessel mortgage (supplemented by a separate deed of...
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8th Apr
Practice notes
This Practice Note looks at the following topics:•types of registry•bareboat charter registration, and•UK ship registration proceduresTypes of...
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8th Apr
Practice notes
This Practice Note considers a typical transaction involving the sale and purchase of a second hand commercial ship and in particular covers:•the main...
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8th Apr
Q&As
Nature of the houseboatThe type of security that may be taken will depend on the nature of the particular houseboat (ie whether it is considered a...
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8th Apr
Practice notes
Jurisdictions coveredThe following jurisdictions are covered in this report:Angola; Australia; Brazil; Chile; China; Colombia; Cyprus; Ecuador; Egypt;...
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1st Apr
Practice notes
This Practice Note explains the law and practicalities relating to bills of lading and sea waybills in the context of an arrangement for the carriage...
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Produced in partnership with Quentin Tannock of 4 Pump Court and James Watthey of 4 Pump Court 1st Apr
Practice notes
This Practice Note explains the Hague-Visby Rules (the Rules) which are an international convention enacted into English law by the Carriage of Goods...
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Produced in partnership with Quentin Tannock of 4 Pump Court and James Watthey of 4 Pump Court 1st Apr
Practice notes
This Practice Note explains the law relating to charterparties in the context of an arrangement for the carriage of goods by sea. It explains the key...
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Produced in partnership with Quentin Tannock of 4 Pump Court and James Watthey of 4 Pump Court 1st Apr
Practice notes
This Practice Note describes the purpose and functions of sea carriage documents with reference to the delivery of cargo, in particular it examines a...
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Produced in partnership with Quentin Tannock of 4 Pump Court and James Watthey of 4 Pump Court 1st Apr
Precedents
[Headed notepaper of law firm issuing the opinion][insert name and address of lender][insert date of closing]Dear [insert organisation name]Facility...
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15th Mar
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Owner], a company incorporated in [England and Wales] with...
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15th Mar

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