Missed the SHIPTERM webinar? Recording now online


If you missed the “SHIPTERM” webinar on 27 January don’t worry, the recording of the webinar is now available for viewing.

The webinar features a panel of four representatives of the subcommittee that developed the term sheet for bilateral ship financing transactions:

  • Francis Sarre, CMB (chairperson of the subcommittee)
  • Klaus Vilstrup, Dampskibsselskabet NORDEN A/S
  • Matt Hannaford, Hannaford Turner LLP
  • Peter Willems, HSBC

During the one-hour webinar the panelists introduce the term sheet, its background and content. The panel discussion focuses, amongst other issues, on:

  • the indicative/non-binding nature of the term sheet
  • the set-up and level of detail
  • financial covenants and notably the security maintenance covenant
  • the governing law and jurisdiction and
  • the base rate and how this is addressed in cases where it is negative.

The webinar will be followed up by a series of seminars in Europe, the Middle East and Asia to inform about the term sheet. More information on these webinars will be made available soon on the BIMCO website.

Christian Hoppe
in Copenhagen, DK


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