24th Annual Ship Finance Forum
New York, NY 10020
A group of Holland & Knight's maritime attorneys are hosting the Ship Finance Academy at Marine Money's 24th Annual Ship Finance Forum. This series of presentations is designed to help new entrants to the ship finance business quickly learn the most important aspects of the business in a focused and collegial environment.
Jovi Tenev | 9:00 - 9:05 a.m.
Industry Overview: Shipping Basics and Operations
Richard Furey | 9:05 - 9:20 a.m.
This session will provide an overview of the shipping industry by addressing basic questions about shipping and ship operations. Topics covered will include the importance of shipping in the global trade, different ship categories, size of the shipping market and different players in the global ecosystem.
Ship Financing 101: A Practice Guide to Debt, Equity & Leasing
Jovi Tenev, Richard Furey | 9:20 - 9:50 a.m.
This program will provide an overview of ship finance covering basic principles and common practices. Presenters will discuss the unique financial characteristics of vessels, the difference between debt and equity, maritime liens and ship mortgages.
Documenting a Ship Financing Transaction
Jovi Tenev, Gerald Morrissey, Richard Furey | 9:50 - 10:20 a.m.
This session will offer a deeper dive into shipping law and how complicated but vital it is in protecting investments and taking advantage of opportunities. Our attorneys will cover the core documents and processes in debt financing, including loan agreements, ship mortgages, assignment of earnings and charters and assignment of insurance proceeds. They will also discuss other common collateral and credit support (guarantees, share pledges, account control agreements, assignment of shipbuilding contracts and related documents, etc.) as well as vessel leasing documentation.
Regulatory Considerations: Jones Act & Citizenship Restrictions
Gerald Morrissey | 11:35 a.m. - 12:05 p.m.
This presentation will cover vessel documentation laws, citizenship of the owner and mortgagee and other relevant regulator considerations (Federal Maritime Commission (FMC), U.S. Coast Guard (USCG), U.S. Customs and Border Protection (CBP)).
Default, Enforcement & Remedies
Michael Frevola, Marie Larsen | 12:05 - 12:25 p.m.
This program will cover default and acceleration, jurisdiction: in rem (vessel); in personam (shipower), judicial foreclosure and lien priority.
Barbra Parlin | 12:25 - 12:45 p.m.
This session will provide an overview of U.S. bankruptcy law, bankruptcy courts and bankruptcy code. Ms. Parlin will also cover Section 362 and automatic stay, Section 365 and executory contracts/unexpired leases, debtor-in-possession (DIP) financing, emergence from bankruptcy and plan distributions.