Seamax operates a fleet of 12 modern, post-Panamax container ships and provides the world’s top shipping lines with over 1.2m deadweight tonnage in carrying capacity.
The loan facility refinanced two existing loan facilities secured on a number of LPG vessels and provides working capital to the owner. It is secured on 11 LPG vessels registered on Belgian flag.
The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.
Sins of the Father: can a guarantor avoid liability by claiming to have been under ‘undue influence’ of a family member?5 October 2020
This article examines a recent decision in which the Commercial Court in London clarified a number of aspects of the law of undue influence.