Join us for a crucial seminar to explore the issues and options in recovering financed or stranded maritime assets.
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With a new seaport and refinery in Lagos, the Nigerian market is raving up for AfCFTA shipping and increased petroleum products exports. Such aspirations require improvement of asset portfolios; particularly fleet upgrade and expansion. The opportunities and the risks are almost equally matched in significance. For the prudent financier, it is good business to be prepared.
An understanding of risks, options, procedures and implications attendant to acquisition or disposal of maritime assets as well as the debt recovery strategies applicable to this niche area of law and finance is absolutely essential. The Maritime Asset Recovery Seminar will provide useful insights on the following crucial posers:
- What are the key features and stages of a ship sale/purchase transaction?
- What risk management steps are relevant to the ship sale/purchase transaction?What considerations should inform edits to the standard Nipponsale form?
- What is the nature of a ship mortgage and how can it be secured?
- What should be done when a ship finance loan is going (or has gone) bad?
- What is the role of the flag in the loan or sale/purchase transaction?
- How does the court intervene to enforce the ship mortgage?
- What constitutes a forced sale and how does it apply to the transaction?
- What compliance issues are implicated when the ship being sold/purchased is intended for Cabotage/Nigerian Content operations?
- What are the implications of the AfCFTA to regional and continental ship acquisition landscapes?
Join a specialist faculty led by Dr. Emeka Akabogu (Senior Partner at AkaboguLaw) and Capt. Nicolas Bernard at The Maritime Asset Recovery Seminar to get answers and more. The Masterclass will hold on the 20th February 2025 at the Admiralty Hallows 15B Captain Olajide George Street Lekki Lagos . To register please visit https://forms.gle/axVBJt47fCLfJxp89
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For enquiries and consultation on ship sale/purchase or issues arising from sea carriage, ports, freight, marine services and international trade, contact us.