Ship Finance

3 days 20-22 Nov 2017, Singapore Singapore $4,990.00 Download brochure Add to basket

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Course overview

“Very relevant. The trainer has strong experience in the industry. It’s not an easy subject but she made it very interesting.”
Senior Associate, Standard Chartered Bank (Hong Kong)

“Very knowledgeable trainer with good practicable examples.”
Client Executive, Shipping, Skandinaviska Enskilda Banken AB

The global industry of ship finance is greatly affected by today’s everchanging economic climate. The technical and complicated issues surrounding it, as well as the many taxation liabilities involved, can make ship finance a  potentially expensive minefield. However, despite the risks involved, ship finance can be one of the most profitable ventures that a financial institution can undertake. With the correct finance structure and meticulously prepared loan and insurance documentation, many of these liabilities can be identified and accounted for.

This course, 'Ship Finance' is organised in association with leading specialist ship finance lawyer Sue Wright, aims to provide an understanding of the documentation involved and how this can be used to minimise 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.

Summary of course content

  • The ship finance market
  • Flags and ship registration
  • The basic security
  • Enforcement
  • The security documents
  • Insurance covenants
  • Trading the ship
  • The loan – who is the borrower?
  • Due diligence, conditions precedent and closing
  • Newbuildings
  • Security – other issues
  • The loan agreement
  • Other financing structures 


As with all courses, this programme uses case studies and practical exercises to ensure that you leave the course, ready to apply your new knowledge.

Who should attend


This course will provide invaluable information to all involved in ship finance, especially:

  • Shipping executives
  • Lending bankers
  • Risk advisors
  • Lawyers in banks
  • Lawyers in shipping companies
  • Lawyers in private practice


We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Sue Wright - Ship Finance

Sue Wright is a solicitor with over 18 years experience in shipping finance, including export finance, new building finance, syndicated loans, subordinated debt, structured finance, joint ventures, sale and purchase, ship management and tax driven transactions. She was a partner in the shipping finance team of the banking department at Norton Rose for eight years acting both for ship-owners and financiers including the British Government and European Bank for Reconstruction and development among others. She was responsible for training assistants at Norton Rose for two years. She was head of professional development at Herbert Smith and now specialises in independent training in international banking. She has been highly recommended as one of the leading experts in Shipping Finance by the Legal 500 and by Chambers.

Sue is a popular and in-demand Euromoney trainer.



4-5 Star Hotel in Singapore

All of our courses are held in 4 – 5 star hotels, chosen for their location, facilities and level of service. You can be assured of a comfortable, convenient learning environment throughout the duration of the course.

Due to the variation in delegate numbers, we will send confirmation of the venue to you approximately 2 weeks before the start of the course. Course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Related Courses


We can bring this course to your company's office.

If you simply want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

Find out more


Day 1

The ship finance market

  • What makes ship finance different?
  • International nature of the business
  • Some hedging options
  • Transaction types

Flags and 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

We will look at the structure of the documentation and how the different provisions interrelate. We will also look at issues related to who should be the borrower and at some key definitions in the documents.

Administrative provisions including due diligence and closings

  • Review of administrative section of loan agreement
  • Where should due diligence be conducted?
  • What should the legal opinion say?
  • What should the conditions precedent be?
  • Payment letters and simultaneous closings in different locations

Day 2

Representations and repeating representations

Ship covenants re good housekeeping

  • Safety (ISM code)
  • Security (ISPS Code) and environmental issues including:
    • MARPOL
    • OPA

Other ship covenants

  • Value
  • Security of mortgage
  • Information


In this section we will look at the standard insurance risks and at the insurance covenants included in the security package and the reasons behind them. Issues covered will include:

  • Captive insurance companies and reinsurance
  • The role of the letter of undertaking
  • Fleet policies
  • Mortgagee's interest insurance
  • Brokers and clubs
  • The Norwegian insurance market

Insurance covenants

  • Insurance terms
  • Letters of undertaking
  • Application of proceeds

Special purpose company covenants

  • Who to lend to?
  • Waiver of surety rights
  • Restrictions on
    • Business focus
    • Dealing with assets
    • Movement of cash
  • Separateness covenants

Events of default and boilerplate

Day 3

The impact of charterers

  • Covenants
  • Security for payment
  • Impact on mortgage


  • Review collateral assignments and application of funds

Guarantees and other security


  • Lender's options
  • Advantages and disadvantages
Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product