Marine finance - banking handy guide

Marine finance is a form of asset finance used in the maritime industry, particularly to finance the construction or purchase of ships. 

Funding can be provided for a single ship, for multiple ships and/or for ships under construction or already operational. The purpose will impact on the optimal structure of the transaction and any potential security package to be taken by a funder.

This guide looks at the key features of a marine finance transaction for both a 'new-build' and a second hand ship before setting out some of the key finance documents and specific terminology you can expect to encounter on this type of deal. Download below for more information.