Ship Finance

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Leveraging unparalleled expertise and extensive practical experience in ship finance, the DR & AJU’s Ship Finance Team provides prompt and effective legal advice on a wide range of ship finance transactions, including domestic and cross-border ship purchase and sale, newbuilding and acquisition of used vessels, ship mortgage loans, sale and leaseback transactions, finance leases, and operating leases.
Our team provides comprehensive legal services to major Korean shipping companies, domestic and international financial institutions, and government agencies, covering every stage of ship finance, from structuring ship finance transactions and reviewing and negotiating contracts to execution and post-transaction management.

In particular, we assist clients in successfully completing ship finance transactions by developing strategies tailored to each client’s specific needs at every stage, and by efficiently managing negotiations with government authorities and related institutions, as well as authorization procedures. Our team is highly trusted by clients for efficiently completing transactions and providing creative solutions that reflect market trends.

  • Main Services
      • Advising on loans secured by ship mortgages
      • Advising on financing arrangements for newbuildings and secondhand vessel acquisitions
      • Structuring and advising on sale and leaseback transactions
      • Structuring and advising on ship finance transactions through financial and operating leases
      • Advising on the establishment and operation of domestic and foreign Ship Investment Companies (SICs)
      • Advising on structured finance and securities issuance in connection with ship finance
      • Providing support for regulatory procedures, including obtaining government approvals, permits, and filing reports
      • Representing clients in disputes and litigation related to ship finance
  • Representative Matters
      • Advised on the structuring of a ship finance contract involving the Turtleship Fund, a Korea Coast Guard vessel construction fund utilizing private capital
      • Advised on the structuring of a ship finance contract involving the State Ferry Fund, a fund for the construction of new vessels to replace aging passenger ferries and reserve ships operating on state-subsidized service routes
      • Advised a Korean securities company on the structure of an advance payment refund guarantees using an RG (Refund Guarantee) management account in a shipbuilding project
      • Advised Qatar Fuel, Qatar’s state-owned shipping company, on the acquisition of an oil tanker from a Korean shipping company
      • Advised a Korean shipbuilding company on a structured finance project with a Kuwait shipping company
      • Advised a Korean shipping company on a ship investment fund
      • Advised a Korean guarantee insurance company on the sale of a freighter
      • Advised on a ship finance contract between a Korean government-run bank and a German shipping company

Practice Areas

Professionals