SHIPTERM webinar

Overview

This one-hour webinar introduces the term sheet, its background and content.

The webinar features a panel of four representatives of the subcommittee that developed the term sheet for bilateral ship financing transactions:

  • Francis Sarre, CMB (chairperson of the subcommittee)
  • Klaus Vilstrup, Dampskibsselskabet NORDEN A/S
  • Matt Hannaford, Hannaford Turner LLP
  • Peter Willems, HSBC

During the one-hour webinar the panelists introduce the term sheet, its background and content.

The panel discussion focused, amongst other issues, on:

  • the indicative/non-binding nature of the term sheet
  • the set-up and level of detail
  • financial covenants and notably the security maintenance covenant
  • the governing law and jurisdiction and
  • the base rate and how this is addressed in cases where it is negative.
Christian Hoppe
in Copenhagen, DK

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