Shipping Finance

Shipping Finance

Financial institutions advance money to shipowners for building a new ship, buying second-hand tonnage, undertaking a major conversion of an existing ship, or refinancing the existing indebtedness already secured on a ship. We can assist lenders and borrowers in respect of all parts of the deal and provide the following legal services.

  • Advice on loan documentation;
  • Registration under Dutch or Netherlands Antilles flag, or in one of the open registries, of a ship or a ship under construction;
  • Advice on securing claims by, for instance, a preferred ship's mortgage or an assignment of the ship’s income stream;
  • Deletion of the registration in the Dutch Ship’s Registry or any foreign Ship’s Registry;
  • Advice on all aspects of drafting and executing a preferred ship mortgage under Dutch law and advice on the basic rights and remedies of a mortgagee, including all rights in respect of the mortgagee to take possession, foreclose, arrest or sell the ship;
  • Deletion of a preferred ship mortgage from the Dutch Ship’s Registry;
  • Enforcement of a preferred ship mortgage and judicial sale of the ship;
  • Conducting ranking proceedings;