SHIPTERM seminars in Singapore & Hong Kong coming soon


BIMCO’s new standard term sheet for bilateral ship financing transactions, SHIPTERM, will be the focus of two seminars taking place in Singapore on 24 May and Hong Kong on 25 May.

The seminar will feature a panel of four representatives of the subcommittee that developed SHIPTERM:

  • Francis Sarre, Compagnie Maritime Belge (chairperson of the subcommittee)
  • Tao Lan, Industrial and Commercial Bank of China
  • Nick Fell, BW Group
  • Olga Petrovic, Linklaters LLP

The panellists will introduce and explain SHIPTERM and discussion will be invited with the audience on aspects such as the indicative/non-binding nature of the term sheet, issues relating to governing law and jurisdiction, and negative base rate scenarios and how these have been addressed. A general introduction will be made by BIMCO’s General Counsel Christian Hoppe, who will explain the background for the term sheet project and why BIMCO has decided to develop a standard ship financing document.

The SHIPTERM subcommittee also included the following representatives:

  • Christopher Conway, Citi
  • Daming Qian, ICBC
  • Gildas Maire, Louis Dreyfus Armateurs
  • Klaus Vilstrup, Dampskibsselskabet NORDEN A/S
  • Liv Hege Dyrnes, AS Klaveness Chartering
  • Matt Hannaford, Hannaford Turner LLP
  • Michael Ziesenitz, Deutsche Bank
  • Michael Vernell, Watson Farley & Williams LLP
  • Peter Willems, HSBC
  • Robin Bencard, shipping and structured asset financing consultant
  • Xavier Riffaud, INGEPAR

The seminar in Singapore is hosted by BIMCO and BW Group and will take place from 15:00-16:30 followed by networking reception finishing at 18:00.

Town Hall (seminar room)
Mapletree Business City
20 Pasir Panjang Road
Singapore 117439

Sign up to the seminar.

The seminar in Hong Kong is hosted by BIMCO and Linklaters LLP, and supported by the Hong Kong Shipowners Association, and will take place from 16:00-17:30 followed by networking reception finishing at 19:00.

Linklaters LLP
Alexandra House
18 Chater Rd
Hong Kong

Sign up to the seminar.

Other seminars will be held later in 2017, including in Dubai and New York. Dates and venues of these seminars will be announced on the BIMCO website.

The seminars are free of charge and are open to BIMCO members and non-members. Participants at the seminars will receive a free copy of the SHIPTERM booklet containing a copy of the standard term sheet and explanatory notes.

You can also learn more about SHIPTERM by watching the webinar that was held on 27 January.


Christian Hoppe
in Copenhagen, DK


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