This course explains the legal documentation for shipping loans and the commercial considerations which the documentation needs to address. It describes the key clauses in the loan agreement and security documents and the issues to watch out for when reviewing those documents. It describes how the employment of the ship will influence the transaction, including the documentation which a bareboat charterer may be asked to sign. The course discusses the additional issues which will arise when the ship being financed is a newbuilding. It finishes by looking at the lenders’ options should they need to consider enforcement.
Users access the modules in turn, and need to pass a test on the first module in order to be granted access to the next.For more details of the content and methodology, have a look at the course overview module below.
Please note that the course can be viewed on most devices but if you are using an iPhone you may need to refresh the page occasionally to speed up response time.