Subjects:

Banking and Finance

Contents:

1. Introduction

2. The financing of second-hand ships

3. The financing of newbuildings

4. The banker’

s perspective

5. Financial markets products

6. The US capital markets

7. The ship mortgage

8. The assignment of insurance and earnings

9. Other security

10. The sale and purchase of second-hand ships

11. Registering the ship

12. Insurances

13. Islamic financing

Approximately 500 pages of fully revised and updated material, this is the must-read title for all bankers, lawyers, ship owners and everyone involved in ship finance, be it for newbuildings, second-hand vessels or refinancing existing indebtedness secured on ships.

Shipping Finance, 3rd edition includes:

• An up-to-date analysis of the shipping market including comparisons of the world fleet
• A complete analysis of ship mortgage terms, conditions and mortgagee's rights, including a full description of documentation, legislation and registration procedures across the main maritime jurisdictions organised by individual country - now including India and China
• Extensive discussion of the procedure and documentation for registering ships on a country-by-country basis with advice provided by local experts
• An in-depth and practical look at the role of insurance in shipping and ship financing including sample documentation and insurance covenants and notices and a full discussion of the issues facing the maritime insurance industry

This edition features chapters on:

• the financing of second-hand ships
• the financing newbuildings
• the assignment of insurances and earnings
• guarantees, indemnities, charges, debentures and other security relied upon by lenders
• the sale and purchase of second-hand ships
• the application of Islamic finance