In the sixth of a seven-part series on the application of US sanctions to the shipping community, this article explores conflicts of laws resulting from the EU Blocking Statute and US antiboycott law.
We have the largest asset finance practice in the world, with a reputation for handling the most demanding, complex and high profile transactions.
Not only do we have a 200-strong team of asset finance legal specialists, but we also have first class expertise in all sectors of the asset finance and leasing industry, especially in our core market sectors of aviation, maritime and rail.
We advise on the full range of aviation, maritime and rail financings. Our advice covers all types of finance and leasing from debt finance, export finance, operators leasing, finance leasing, PDP finance, portfolio transfers, tax leasing products, capital markets products, Islamic finance to receivables finance. We also advise on restructurings and have extensive experience of aircraft repossessions and ship mortgage enforcements worldwide.
Our award-winning aviation finance team offers industry-leading expertise for financiers, lessors and operators of commercial aircraft, helicopters and corporate/private jets. Across ship finance, we advise in every asset class from wet and dry bulk, containers and container boxes, to drilling rigs and offshore support vessels, cruise, yachts and ferries (plus related sectors such as LNG, ports and logistics).
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The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.
In this article we discuss how the ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes it both timely and welcome that BIMCO has produced a standardised term sheet.