Legal opinion letter: for a ship finance transaction

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Legal opinion letter: for a ship finance transaction

Legal opinion letter: for a ship finance transaction

[Headed notepaper of law firm issuing the opinion]

[insert name and address of lender]

[insert date of closing]

Dear [insert organisation name]

Facility Agreement dated [insert date] between [insert name of lender] (the Lender) and [insert name of borrower] (the Borrower) (the Facility Agreement)

We refer to [insert number of clause which requires delivery of legal opinion] of the Facility Agreement. This opinion is given in satisfaction of that clause.

Unless otherwise defined in this opinion, defined terms in the Facility Agreement shall have the same meanings when used in this opinion.

This opinion is governed by English law and is subject to the exclusive jurisdiction of the English courts.

    1. 1


      1. 1.1

        This opinion is given in relation to the English law aspects of a transaction (the Transaction) by which [insert description of transaction].

      1. 1.2

        We have acted as English legal advisers to [insert name of clients] in relation to the Transaction.

      1. 1.3

        This opinion is limited to matters stated in paragraph 3 below and is given only in relation to English law as at the date of this opinion.

    1. 2

      Documents examined and searches conducted

      1. 2.1

        We have examined the following [original OR scanned] [signed OR agreed final form OR draft] documents relating to the Transaction:

        1. 2.1.1

          the Facility Agreement [and any other documents relating to the Facility] described in Part A (the Financing Documents);

        1. 2.1.2

          the security documents described

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