Debt Financing in Shipping

George Paleokrassas
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George Paleokrassas: Watson Farley & Williams

Chapter 5 in The International Handbook of Shipping Finance, 2016, pp 125-145 from Palgrave Macmillan

Abstract: Abstract When a lender advances money to a shipowner, he or she needs to ensure that it is adequately protected and secured against the insolvency of the borrower, its failure to perform its obligations on a timely basis and the loss, or attachment by other creditors, of the ship. The owner, whose fundamental objective is to increase the return on his or her investment, is, by contrast, seeking to limit the lender’s interference with its business and to maintain the greatest flexibility in the conduct of its business and the operation of its ship.

Keywords: Interest Rate; Shipping Company; Debt Financing; United States Dollar; Insolvency Proceeding (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/978-1-137-46546-7_5

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