2024 Marine Money Ship Finance Academy

A group of Holland & Knight's Maritime attorneys are hosting Marine Money's 2024 Ship Finance Academy at the firm's New York office. This Holland & Knight-sponsored event will feature a series of presentations revolving around various aspects of ship financing and maritime law, providing comprehensive insights for professionals within the industry.

View the full agenda here »

Welcome Remarks
Jovi Tenev | 12:30 – 12:35 p.m.

Industry Overview: Shipping Basics and Operations
Richard Furey | 12:50 – 1:10 p.m.

The session will offer insights into the shipping sector, delving into fundamental aspects of shipping and vessel activities. Mr. Furey will explore the significance of shipping in global trade, various ship classifications and prevalent vessel varieties, the scale of the shipping market, diverse participants within the global ecosystem, as well as ship commercial and technical management.

Ship Financing 101: A Practical Guide to Debt, Equity and Leasing
Jovi Tenev, Richard Furey | 1:10 – 1:40 p.m.

This program will present an outline of ship finance, encompassing key principles and standard procedures. Speakers will address the distinctive financial attributes of vessels, contrast between debt and equity, and maritime liens and ship mortgages.

Documenting a Ship Financing Transaction
Jovi Tenev, Gerald Morrissey, Richard Furey | 1:40 - 2:10 p.m.

This session will delve further into maritime law, recognizing its complexity and crucial role in safeguarding investments and capitalizing on opportunities. Our attorneys will explore essential documents and procedures in debt financing, such as loan agreements, ship mortgages, assignment of earnings, charters and assignment of insurance proceeds. They will also cover common collateral and credit support, vessel leasing documentation, guarantees, share pledges and related contractual arrangements.

Regulatory Considerations: Jones Act and Citizenship Restrictions
Gerald Morrissey | 3:00 – 3:30 p.m.

This presentation will encompass laws pertaining to vessel documentation, the citizenship of the owner and mortgagee, as well as additional regulatory considerations, including the Federal Maritime Commission (FMC), U.S. Coast Guard (USCG) and U.S. Customs and Border Protection (CBP).

Default, Enforcement and Remedies
Michael Frevola, Marie Larsen | 4:05 – 4:30 p.m.

This program will cover default and acceleration, jurisdiction: in rem (vessel), in personam (shipower), judicial foreclosure and lien priority.

Bankruptcy
Barbra Parlin | 4:30 – 4:55 p.m.

In this session, an overview of U.S. bankruptcy law, including bankruptcy courts and the bankruptcy code, will be presented. Ms. Parlin will also discuss Section 362 and the automatic stay, Section 365 and the implications for executory contracts and unexpired leases, debtor-in-possession (DIP) financing, emerging from bankruptcy and plan distributions.