Home » BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets

BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets

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BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets

In June this year, BIMCO announced the development of a new term sheet for ship sale and leaseback transactions. Following consultation with various stakeholders in the leasing industry, “SHIPLEASE” was published in September 2020.

The development of SHIPLEASE follows the publication by BIMCO in 2017 and 2018 of term sheets for bilateral and syndicated term loan facilities, “SHIPTERM” and “SHIPTERM S”.

 BIMCO have responded to the rise in sale and leaseback transactions by providing what they say is a balanced industry standard that will provide a useful starting point for newcomers to the market as well as facilitate the process for more experienced players.

Authors

Amanda Paterson

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Nicholas Block

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