Residual Value Insurance Adding Value to Ship Finance

by Thomas A. Orofino, President, R.V.I. Associates

As an insurance based service provider to the asset based lending, banking and lease finance industry, the main issue that confronts our company daily is where is our Value Added. One area in which RVI Associates is in the position to add value is ship financing, an industry that is facing increased demands as vessel owners modernize their fleets and build new ships to meet stricter environmental requirements such as OPA 90.

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