2023 Marine Money Ship Finance Academy
New York, NY 10019
Holland & Knight maritime attorneys and other industry professionals are presenting a specialty program titled "Ship Finance Academy" as a part of Marine Money Week. Hosted at Holland & Knight's New York office, this afternoon will include a variety of sessions covering the basics of ship financing.
Industry Overview: Shipping Basics and Operations
Richard Furey | 1:15 - 1:30 p.m.
This program will provide an overview of the shipping industry, addressing basic questions about shipping and ship operations. Topics covered will include the importance of shipping in the global trade, the different ship categories and common vessel types, the size of the shipping market and the different players in the global ecosystem, ship commercial management and ship technical management.
Ship Financing 101: A Practical Guide to Debt, Equity and Leasing
Jovi Tenev and Richard Furey | 1:30 - 2:00 p.m.
During this session, the presenters will offer an overview of ship finance, covering basic principles and common practices. Topics covered will include the unique financial characteristics of vessels, the difference between debt and equity, commercial banks, export credit agencies, institutional investors, maritime liens and ship mortgages.
Documenting a Ship Financing Transaction
Jovi Tenev, Gerald Morrissey and Richard Furey | 2:00 - 2:30 p.m.
This session will provide a deeper dive into shipping law and how complicated but vital it is in protecting investments and taking advantage of opportunities. Topics covered will include core documents and processes in debt financing, common collateral and credit support, vessel leasing documentation, how to choose the law and courts for agreements and what the flag is and why it matters for legal reasons.
Regulatory Considerations: Jones Act and Citizenship Restrictions
Gerald Morrissey | 3:30 - 4:00 p.m.
This presentation will cover vessel documentation laws, citizenship of the owner and mortgagee and other relevant regulator considerations.
Default, Enforcement and Remedies
Michael Frevola | 4:00 - 4:20 p.m.
In this program, Mr. Frevola will discuss default and acceleration, jurisdiction (in rem, in personam), remedies other than judicial foreclosure and lien priority.
Barbra Parlin | 4:20 - 4:40 p.m.
During this session, Ms. Parlin will provide an overview of U.S. Bankruptcy law, Section 362 and automatic stay, Section 365 and executory contracts/unexpired leases, debtor-in-possession (DIP) financing, emergence from bankruptcy and plan distributions.