Perfecting and Enforcing Your Security

By Helen Noble, Partner, Matheson Ormsby Prentice

We have heard today about shipping as an investment and the returns that can be achieved by investing in shipping. A constant theme, not unsurprisingly, is the current global financial crisis. I do not wish to add to the ‘doom and gloom’. However given the current climate I am sure all will agree ‘Perfecting and Enforcing your Security’ is a suitable and apt topic. I am not being negative but pragmatic about the impact the current climate has and will continue to have on ship lending and on transactions already concluded.

For new deals the level of security required by lenders will be greater and the perfection of such security will need to be far more stringent perhaps dare I suggest

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