Credit for purchase / building of vessel
Giving credits to port and merchant shipping business is one of the famous and developed fields in the industry of transport related projects. However safety of any financial project is secured by how reliable the business, which is to be credited, is. Does one have necessary systems of management of maritime safety? Are requirements of state port control followed? How safely is the system of fleet ownership set up? What are the aims and methods of operation of property?
Legal evaluation and support of maritime projects for credit organizations allow to arrange for system of management of legal risks in relation to maritime and domestic water transport which guarantees execution of duties by the borrower without damage to commercial attractiveness of general terms of the credit. In case of occurrence of damages and disputes, satisfaction is secured by forced sale of existing vessel or vessel in construction.
