A Guide to Yacht Finance - Update

Over the past few years we have advised lenders and borrowers (i.e. owners) on a significant number of financings of yachts in both the new-build and second hand markets. The general principles which apply to the financing of a supertanker or passenger ferry will also apply to the financing of a superyacht and the structures of the financing and the documentation are very similar. Yacht financing is specific, however, in that where the financing is dependent on charter income, this is often seasonal and intermittent whereas for commercial ships (save during general downturns in the shipping market) charter income tends to be more steady and dependable.

Our Guide to Yacht Finance covers all the issues pertinent to any yacht financing transaction.

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