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This wholly revised and updated 2nd edition of this comprehensive book. The emphasis is still on detailing factors which distinguish shipping finance from other types of bank lending and explaining the refinements to the basic secured loan that modern, international shipping finance demands.
This new edition includes 14 chapters discussing issues such as the uses of swaps and options, the ship mortgage in 16 different jurisdictions, assignments of insurance and earnings and other security issues, equity and debt issues, the banker's perspective, environmental issues, and greater coverage of the conditions and terms of ship mortgage as well as the financing of second-hand ships and of new buildings.