PTF02: Shipping Financing
              - Standard Terms And Conditions 

Comments from past participant:

“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]

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Highlights

• Be aware of the factors to consider in a ship financing loan.
• The various types of charteres and the risks in each of them.
• The collateral support that is needed.
• Ensure that a thorough financial analysis (from the viewpoint of a typical ship owner is carried out).
• Other factors to consider in analysing the credit.
• 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.
• Discuss a typical shipyard’s financial statement.
• Ensure that the standard terms and conditions are in place.
• Be familiar as to how ships are registered in Singapore, the advantages as well as the various conditions and procedures.
• Know what are flags of convenience and the advantages/disadvantages of using them.
• The importance of having the vessel classified by one of the officially recognized classification societies.

(Participants may be eligible for Financial Sector Development Fund (FSDF) grant support on a case-by-case basis. Please submit applications to the FSDF Secretariat directly. As part of the application and evaluation process, participants will be required to complete and submit an FSDF evaluation form upon completion of the seminar.) Download a copy of the Monetary Authority of Singapore - Financial Sector Development Fund (FSDF) Training Scheme Application and Evaluation forms.