Ship Finance & Escrow Services
About
Whether you are a lender structuring a ship finance transaction, a borrower seeking advice on security documentation, or a shipowner navigating the complexities of a vessel acquisition or disposal, we provide practical, commercially grounded advice across every stage of the transaction.
Our ship finance and escrow practice is one of the cornerstones of our firm, and we bring extensive experience acting for lenders, borrowers and financial institutions on all aspects of ship finance transactions. From loan advisory and security documentation through to enforcement, we advise on the full range of ship finance matters, including the taking and perfection of ship mortgages, assignment of insurances and earnings, and related security packages. We have experience with cross-border ship finance structures across multiple jurisdictions, including vessels registered under Singapore, Marshall Islands, Liberia and Vanuatu flags.
Where finance transactions become the subject of dispute, our ship finance team works seamlessly with our contentious shipping lawyers to provide integrated advice across both transactional and litigation matters. We also work closely with our ship sale and purchase team on the finance aspects of vessel acquisitions and disposals, ensuring you have the right expertise at every stage of your transaction.
On the sale and purchase side, we advise clients on the full lifecycle of ship transactions, from newbuilds through to second-hand vessel acquisitions and disposals. Our work covers shipbuilding contracts, memoranda of agreement, delivery documentation, escrow services, reflagging, and ship registration and deregistration. We advise from the perspective of both Singapore law and English law, acting for shipowners, builders and financial institutions across Singapore and other jurisdictions.
Our escrow practice is well established and trusted by clients in ship sale transactions, providing a secure and professionally managed escrow service that gives all parties confidence in the transaction process.
We can assist you with:
- Ship finance loan advisory and security documentation
- Taking and perfection of ship mortgages and related security packages
- Assignment of insurances and earnings
- Cross-border ship finance structures across multiple jurisdictions and flag registries
- Enforcement of ship mortgages and other security interests
- Vessel arrests and judicial sales in Singapore
- Shipbuilding contract drafting and negotiation
- Memoranda of agreement for ship sale and purchase transactions
- Escrow services in ship sale transactions
- Ship registration and deregistration with MPA Singapore and other registries including IRI and LISCR
- Reflagging into and out of Singapore jurisdiction
- Discharge of security including mortgage discharge from ship registry
- Attendance and management of ship closings
Services
Redundancy programmes, changing terms and conditions of employment, and transfer of employment.
In Singapore, the rules on business immigration and foreign workers are strict, with serious penalties and ramifications for those who fail to comply. We can work with individuals and companies on a variety of employment related immigration issues focusing on the international relocation of personnel both from and into Singapore.
Employment aspects of acquisitions and disposals (both share and business transactions), including due diligence and related reports.
Disciplinary, dismissal and grievance procedures, settlement negotiations and severance agreements
Employment law in Singapore has seen many changes in recent years, and keeping up with the changes can be a real challenge. We can provide training for managers, human resource professionals and in-house lawyers to keep you up to date on changes in law and best practices to avoid legal problems in the workplace.
Before the relevant regulatory authorities and other courts, from termination and bonus claims, to protecting trade secrets, confidential information and business interests.
Service agreements, employment contracts, secondment arrangements and employee handbooks, for all categories of staff, including directors and senior executives.
All of our training is practical, interactive, accessible and engaging, and can be tailored to your interests and the requirements of your business.
For more information, please contact Kim Seah.
- Represented hull insurers before the Singapore Court of Appeal in a significant decision on marine hull insurance law in Singapore, resulting in a successful outcome for the insurers on the perils of the seas and constructive total loss issues.
- Acted for an insurer in the Singapore High Court in one of the first Singapore court decisions to consider breach of warranty provisions under the English Insurance Act 2015, involving issues of constructive total loss, fair presentation, seaworthiness and insurable interest.
- Advised various insurers and reinsurers on coverage and policy interpretation issues arising from a major industrial port explosion, involving multiple lines of insurance across several jurisdictions.
- Advised corporate policyholders, insurers and reinsurers on coverage disputes and policy interpretation across general commercial lines, including matters involving professional indemnity, directors and officers liability, and financial institution coverage.
- Advised insurers on regulatory and compliance matters under Singapore’s insurance legislation and the oversight of the Monetary Authority of Singapore.
- Acted for the State in a criminal prosecution involving the misappropriation of significant funds, requiring analysis of financial flows and the intersection of financial regulation and criminal liability.
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