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.

Contributors

Eilidh Calvert

Associate

Hannah Sinclair

Senior Associate

Nicola Watson

Legal Director