Vedder Price represents lessors, lenders and lessees in a variety of transactions involving leasing and financing of maritime assets, as well as an array of other matters involving maritime assets and interests—from ship registration to insurance to litigation and disputes.
You can expect attorneys with deep legal knowledge related to and experience with U.S. maritime and admiralty finance who provide prompt, practical and trusted counsel.
Experience across a broad array of transactions. Our attorneys represent lessors, lenders and lessees in a variety of transactions involving the leasing and financing of assets, including:
- Container ships
- Bulk carriers
- Oil and product tankers
- General cargo vessels
- Cruise ships and ferries
- Tugs and barges
- LNG carriers
- Specialty and offshore vessels
- Chassis and intermodal containers
- Ports and marine terminals and related cargo-handling equipment
- Vessel navigation simulators
We can assist with a full range of maritime finance, litigation and other needs:
Maritime law advisory. We provide advice and counsel related to charter parties; ship management and pooling agreements; marine service and transportation contracts, including container lease agreements and stevedore and marine terminal contracts; and marine insurance forms.
Maritime dispute resolution. We represent clients in complex and multidistrict maritime litigation in federal and state trial and appellate courts throughout the United States. Our attorneys regularly appear in U.S. and international arbitrations involving AAA, SMA, ICC and UNCTAD rules and have experience that includes charter party, marine terminal construction and shipbuilding disputes, cargo claims, and vessel arrests and maritime attachments in the United States and abroad.
Marine asset and ship finance. We represent lenders, agents and trustees in multilateral and bilateral asset-based loans secured by ship values, charter parties and the like. Our experience includes ship and fleet mortgage finance structures in the United States and multiple offshore jurisdictions.
Yacht finance. We represent lenders and high-net-worth individuals in connection with the construction, purchase, sale, entry and financing of luxury yachts in the United States or registered under various flags of convenience, as well as for lenders in connection with the foreclosure of preferred mortgage liens against yachts.
Alternative marine finance. Our attorneys can assist with securitization of intermodal containers and other marine assets, as well as private equity investments in shipping assets.
Port and marine terminal projects. We have deep experience supporting financing of civil-works projects and acquisition financing of gantry cranes and other cargo-handling equipment.
Foreclosures. Our attorneys represent clients related to the arrest and sale of vessels to foreclose mortgage liens and maritime liens in jurisdictions throughout the world.
Maritime bankruptcies, insolvencies and restructurings. We provide prebankruptcy strategic planning for lenders, lessors and ship owners; out-of-court debt restructuring and workouts of financings involving leveraged marine assets; negotiation of debtor-in-possession financing; and representation of lenders, lessors, secured parties and distressed-debt investors in reorganizations, liquidations and cross-border cases involving vessels and other maritime assets.
Shipbuilding. We represent owners and lenders in connection with construction, acquisition and takeout financing solutions for ship construction projects, including ECA financings.
Marine insurance and reinsurance. We represent insurers and reinsurers as well as insured parties with respect to a full range of maritime assets. Our attorneys provide support for development of insurance programs and policies, coverage opinions and related risk management services, as well as liability insurance for maritime company officers and executives.