If you’re considering purchasing a vessel, yacht or superyacht, our team of Marine Law specialists are on hand to offer excellent advice on all aspects of marine finance.
Our friendly and proficient team is highly experienced in this specialist area and can help and advise you on the following:
- The terms of and obligations imposed by marine loan agreements and the associated security documentation, be it a registered or unregistered mortgage, deed of covenant or personal guarantee
- How best to act in the event of default under the loan or where the lender seeks to enforce its security and recover any shortfall following the taking of possession and sale of the vessel
Whatever your questions concerning marine finance, we’ll be more than pleased to assist you in any way that we can.
Latest Marine News & Blogs
A recent London arbitration decision has looked at how a receiver’s claim for the diminution in the value of a cargo, which arose solely because of the delay by a ship caused by the owners of the vessel, should be interpreted against the backdrop of the Inter-Club Agreement (ICA) wording.
One area where there may need to be a change of tactics and approach in the event of a no deal Brexit, relates to the enforceability of UK court judgements in countries which are part of the EU.