Courses / Modules / LAWS6156 Ship Finance

Ship Finance

When you'll study it
Semester 1
CATS points
ECTS points
Level 7
Module lead
Sarah Nield
Academic year

Module overview

The construction and sale of ships is dependent upon finance. Either the costs of construction or the price at which ships are bought and sold (as appropriate) require large sums to be raised from a financier, usually a major bank or groups of banks. As such ship finance is a form of project finance where the project is the building or purchase of the ship and its associated income earning potential. A significant factor dictating the availability and the terms governing the provision of ship finance is the ability of the ship owner to provide security to the financier(s) for the repayment of sums advance. This module will examine the common loan and security structures employed in ship finance as such it will draw upon foundation principles of contract and property and demonstrate how they are utilised within ship finance