Overview

概述

Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.

作为船舶融资的替代方式,售后回租交易近年来大幅增加。BIMCO推出了新标准合同,以促进售后回租交易谈判,降低相关方的成本。

Responding to the changes in the ship financing landscape, BIMCO’s Documentary Committee has adopted the new term sheet, SHIPLEASE, which is developed for sale and leaseback transactions involving second-hand ships but can be readily adapted for newbuildings. SHIPLEASE will be available in the coming days.

为应对船舶融资环境变化,BIMCO文件委员会推出了新标准合同SHIPLEASE。该标准合同是为二手船舶的售后回租交易而制定的,但也能灵活适用于新造船。SHIPLEASE将在未来几天内推出。

Sabrina Chao, President Designate of BIMCO and Chairman of Wah Kwong Shipping Holdings Limited, which has had a representative on the drafting committee developing the term sheet, says:

BIMCO候任主席及华光航运控股有限公司(Wah Kwong Shipping Holdings Limited)主席赵式明女士表示:

“This is a very timely step for BIMCO. In turbulent times, it is important for shipowners to be able to free up capital while maintaining the ability to operate a vessel and trade as owners under a long-term lease. The term sheet sets out a user-friendly basis for negotiating the deal.”

“BIMCO跨出了非常及时的一步。在动荡时期,船东必须能在保持长期租约下运营船只和贸易的能力的同时持有足够的流动资金。新标准合同为交易谈判提供了一个人性化的平台。”

Sale and leaseback increasingly used for ship financing

售后回租的船舶融资方式日益增长

The bulk of sale and leaseback transactions originate in Asia and SHIPLEASE was therefore developed by an Asian-based drafting committee involving major shipping and ship leasing companies and law firms. It creates a balanced standard – an industry first – based on which the parties can conduct the negotiations. Nick Fell, Executive Vice President, Corporate Services and General Counsel of BW Group chaired the drafting committee.

大部分售后回租交易都来自亚洲,因此,SHIPLEASE将起草委员会的总部设在了亚洲,成员包括大型航运和船舶租赁公司以及律师事务所。它创造了一个行业领先的平衡标准,在此基础上,各方可以进行谈判。BW集团执行副总裁、企业服务和总法律顾问Nick Fell先生担任起草委员会主席。

“Sale and leaseback deals have become increasingly prevalent for ship financing. Efficient transactions depend on clear term sheets, which provide the foundation for final documentation. SHIPLEASE provides a better starting point for the parties to begin their negotiations and to arrive quickly at a result that is fair for everyone,” says Andreas Sohmen-Pao, Chairman of BW Group.

BW集团董事长苏包文刚表示:“在船舶融资中,售后回租交易越来越普遍。作为最终合同的根基,清晰的标准合同能够促成更有效的交易。SHIPLEASE为各方开启谈判、迅速达成对各方公平的结果提供了更好的起点。”

Sale and leaseback structures have benefits for both shipowners and leasing companies, and the drafting committee has focused on developing a standard which is useful for all parties involved. Wide industry consultation was carried out to ensure that the form reflects market practice. The result is a ‘one size fits all’ form which the parties can adapt to fit their needs.

售后回租结构对船东和租赁公司都有益,起草委员会的重点是制定一份有益于各方的标准合同。为确保该合同充分反映市场惯例,起草小组进行了广泛的行业咨询。作为一份“一体适用”的合同,各方可以根据自己的需要进行调整。

“There are quite a number of newcomers in the market and having an industry standard is therefore a useful starting point. The term sheet will also facilitate the process for more experienced players,” says Wilson Liu, Senior Director at Minsheng Financial Leasing.

民生金融租赁股份有限公司高级总监刘炜先生表示:“市场上有不少新生力量,因此拥有一个行业标准是十分有帮助的。标准合同还将为更有经验的投资者提供便利。”

SHIPLEASE accompanies BIMCO’s two existing term sheets for bilateral and syndicated term loan facilities, SHIPTERM and SHIPTERM S. The forms have the same structure, are indicative in nature and allow the parties to adjust the term sheet to fit their individual transaction. SHIPLEASE is applicable to both operating and finance leases.
 SHIPLEASE随附BIMCO现有的双边及辛迪加定期贷款的标准合同,SHIPTERM和SHIPTERM S。两份合同结构相同,具有参考性,并可让双方根据个别交易进行调整。SHIPLEASE同时适用于经营租赁和融资租赁。
     The drafting committee also consisted of Alexandros Laios of Navios Corporation, Catherine Smith of Wah Kwong, Conor Warde of Mayer Brown, Jia Zhang of China Development Bank Leasing, Jay Shi of China Merchants Bank Financial Leasing, Lawrence Chao of Island Navigation, Matt Hannaford of Hannaford Turner LLP, Olga Petrovic of Linklaters LLP and Shen Zhao of CSIC Leasing.

起草委员会还包括以下成员:

· Alexandros Laios(船东公司:Navios Corporation)

· Catherine Smith(船东公司:华光海运控股有限公司)

· Conor Warde(律所:孖士打律师事务所)

· Jia Zhang(金融租赁公司:国银金融租赁股份有限公司)

· Jay Shi(金融租赁公司:招银金融租赁有限公司)

· Lawrence Chao(船东公司:金山轮船国际有限公司)

· Matt Hannaford(律所:Hannaford Turner LLP)

· Olga Petrovic(律所:年利达律师事务所)

· Shen Zhao(金融租赁公司:中国船舶租赁有限公司)

SHIPLEASE will be made available on BIMCO’s secure contract editing system SmartCon and the term sheet will be accompanied by explanatory notes.

SHIPLEASE将在BIMCO的安全合同编辑系统SmartCon上提供,并附有术语解释。