Taking Exception…

No one is likely to disagree with the idea that quality management is a crucial element in bank lending decisions. However, some take exception to Anne Oian’s suggestion that lending only to integrated shipping companies is the ideal.

“I agree that banks tend to feel a greater level of comfort with the control of in-house shipping companies, but as a general statement, it is not right,” Anders Bergh-Jacobsen of Acomarit AS said. Bergh-Jacobsen, the shipmanagement company’s managing director in Oslo, pointed out that out-sourced shipmanagement can be an asset to bankers. “With informal contact through the shipmanagement company, a bank can often access operations personnel who may be shielded by executive managers in an integrated company structure,” he said.

This is only an excerpt of Taking Exception…

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