We have extensive experience in structuring commercial construction loans and collaborating with project developers and owners across various industries. Our commitment is to support our partners at every stage of project development, investing for the long term
Vessel Mortgage Financing
Long term loans can be provided to the ship owner with the ship being mortgaged to the Bank. The ship should have been launched, with clear property rights, and no mortgage or occurrence of an event of default. Also, it should have completed all tests and operating licenses, in compliance with all airworthiness requirements and insurance underwriting requirements, where the bank is the main beneficiary listed in the insurance.
Financial Leasing Financing
Ship financial leasing is the lease that lessor purchases the ship selected by lessee, holds the ownership of the ship and rents the ship to lessor within a specified period of time. When the lease contract expires, lessor will transfer the ship to the lessee. This is a new type of financial tool which has both the function of leasing of money and object. Loans can be provided by our branch to lessor in order to purchase the ship when the ship is mortgaged and the benefits of insurance, lease, and ship itself are assigned.
Operating Lease Financing
Ship operating lease is the lease that lessor rents the ship to lessee, takes responsibility of the maintenance of the ship and receives rental fee from lessee. After the lease expires, lessee could extend the contract, purchase the ship or return the ship back to lessor. Loans can be provided by our branch to lessor in order to purchase the ship when the ship is mortgaged and the benefits of insurance, lease, and ship itself are assigned.
Lease Back Financing
Ship owner or company may sell their ship to leasing company or other third parties in order to improve the financial situation and release the tax burden. Our branch could help to arrange the selling and leasing back, as well as to offer necessary financing service.