STRUCTURING SOLUTIONS FOR TANKER CHARTERERS, OWNERS AND FINANCIERS

By Peter M Swift, Director, Seascope Shipping Limited
Ship Finance 2000, Marine Money Conference, New York

Management of Risk – operational, reputational, commercial and financial – is the prime consideration of the principal participants in shipping today. This is certainly the case in the oil and gas sectors, on which this paper is mainly focussed: the objective of this paper being to provide a few comments on the structuring of the arrangements between charterers and owners and in passing the potential “bankability” of those arrangements.

Other speakers in the session are also addressing changes in the tanker and gas markets, the requirements and expectation of owners and charterers, the structuring and financing of transactions, and industry responses to these challenges. My observations will therefore hopefully complement theirs, others may well repeat some their views, and any that are at variance will no doubt be challenged.

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