Comprised of a team of lawyers with extensive experience and a deep understanding of the shipping industry, our Ship and Marine Finance services span the whole value chain from the inception of a project and its risk management to enforcement and dispute resolution.

We provide comprehensive advisory and documentation services in relation to ship sales and purchases, leasing, financing and registration, as well as the drafting and negotiation of shipping related contracts. We regularly represent vessel owners on attaining Approved International Shipping (AIS) Scheme and tax-exempt status in Singapore. We represent major shipyards in offshore construction projects, including projects involving the oil and gas industries, in addition to cross-border projects, particularly in India, Indonesia and China.

Our full suite of services includes the structuring, negotiation and drafting of all documentation in relation to ship construction, financing, sale and purchase, and registration, as well as marine insurance and charter contracts. With deep experience dealing with commercial, regulatory and tax issues concerning ship finance, trust us to assist you in the structuring of a broad range of ship financing methods.

Our expertise includes:

• Ship leasing and financing
• Carriage of goods and passengers
• Charter arrangements, conversion and repair
• Marine insurance
• Ship sale and purchase
• Ship construction
• Ship finance related commercial, regulatory and tax issues
• Ship finance and ship registration

Insights

Light at the end of the tunnel – A case study of a successful restructuring

October 3, 2022

Singapore: In his opening remarks at the SICC INSOL seminar on debt restructuring in the Asia-Pacific held on 22 September 2022, Second Minister for Law Edwin Tong SC cited the court sanctioned schemes of arrangement of Singapore-listed Pacific Radiance group as an example of the Singapore insolvency framework facilitating successful outcomes. This article is a case study of a debt restructuring success story, and the long journey that we walked with our client.

No oral modification clauses: Perspectives from Singapore

October 19, 2021

Singapore: No oral modification clauses (NOM clauses) are a common feature of commercial contracts. They seek to invalidate modifications to a contract unless they are made in writing. An enlarged five-judge coram of Singapore’s highest court (the Court of Appeal (SGCA)) has recently considered the vexed question of whether NOM clauses should be strictly applied. This update examines the SGCA’s decision and provides key takeaways.

Starboard: Collision and change of ownership: Who is the defendant in an action in rem?

February 1, 2021

Singapore: A collision occurs between two ships, A and B. The owner of ship A wishes to make a claim against the owner of ship B and to attach ship B as security for the claim. It can make its claim in Singapore under legal proceedings known as an action in rem and, within the action in rem, apply to arrest or attach ship B as security for its claim.