PTF02: Shipping Financing
             - Standard Terms And Conditions 
 

Comments from past participants   “My expectation of the seminar was basically to understand the fundamentals of Shipping Financing. The seminar, discussion and Q & A sessions have managed to provide me with that understanding.” - Mr. Abdul Ghafar Ahmad Bank Islam Malaysia, Malaysia. [Class of April 2008]   "The Shipping Financing Seminar is a good start for anyone wishing to understand about shipping financing." - Mr. Karya Setia PT Bank Central Asia Tbk., Indonesia. [Class of October 2008]   "I was very impressed with the Shipping Financing Seminar Facilitator's knowledge. After attending the seminar, I'm more confident in analyzing the credit standing of shipping-related companies. The seminar also exposed the participants to ship financing loans, understanding the various type of charters and the risks involved in each of them. We were also being updated on the general industry outlook. The seminar, discussion and Q&A sessions have managed to provide me the understanding I needed, especially on "the fundamentals of shipping financing"." - Mr. Abdul Aziz Bin Bohassan RHB Islamic Bank Berhad, Malaysia. [Class of October 2008]   "As I am new to Shipping Financing, I found the seminar very useful. Besides that, Mr. Andrew also shared his experiences and explained the material from the bank's point of view, which make the seminar more interesting." - Mr. Chen Lin Andrew PT Bank Central Asia Tbk., Indonesia. [Class of October 2008]   "Course is informative and well conducted." - Mr. Andy Lim Bangkok Bank Public Co Ltd, Singapore. [Class of October 2008]   "I found the Shipping Financing seminar useful as it covers a wide range of topics which are relevant to my job function. It contains useful tips which we can use especially during this current economic downturn faced by the industry." - Mr. Abu Hurairah Bahari Bank Pembangunan Malaysia Berhad, Malaysia. [Class of October 2008]   "This seminar gave me a very good overall understanding of shipping finance, which was what I wanted." - Mr. Ooi Jot Ley Sumitomo Trust & Banking Co. Ltd, Singapore. [Class of March 2010]   "The seminar is excellent for participants who are fresh to shipping financing and wish to gain a good foundational understanding on various types of vessels financing." - Mr. Keith Chong PT Bank Mandiri (Persero) Tbk, Singapore. [Class of March 2010]     Highlights   Be Aware of the Factors to consider in a Ship Financing Loan. Understand the various types of Charters and the Risks involved in each of them. Understand the Collateral Support that is needed. Ensure that a thorough Financial Analysis is carried out (from the viewpoint of a typical ship owner). Know what other Factors to consider in Analyzing the Credit. Understand the Factors that we need to consider in a Ship Construction Loan from the viewpoint of Financing the Shipyard and from the viewpoint of Financing the Purchaser. Engage in a Discussion of a typical Shipyard’s Financial Statement. Ensure that the Standard Terms and Conditions are in place. Be familiar with the various risks in Shipping from the viewpoint of the owners as well as the Charterers. Know the characteristics of the Shipping Cycle and how long a typical cycle is. Be updated on the general Industry Outlook of the various types of ships including the offshore rig industry. Know what are Flags of Convenience and the Advantages/Disadvantages of using them. Understand the importance of having the vessel classified by one of the officially recognized Classification Societies. Seminar Facilitator(s) (For complete profile, click on the name(s) below) Mr. Andrew K. T. Goh B.Econ.

---

The Monetary Authority of Singapore (MAS) administers grants to financial sector organisations that sponsor eligible participants to training programmes that meet qualifying criteria. For enquiries, please contact the MAS at 6229-9396 or via email at fsdf@mas.gov.sg.