We have extensive experience in ship finance and a proven track record in structuring transactions to meet the specific requirements of our customers in both Japan and the rest of the world.
As one of the leading banks in global ship financing, we have long-standing relationships with our customers and are committed to provide tailored financing solutions. Our experienced professionals will work closely with you and deliver competitive and sophisticated finance solutions on vessel acquisitions or other specific needs.
The following shows the main characteristics of ship financing.
Commercial ocean-going / general cargo vessels (e.g., container ships, bulk carriers, chemical / product tankers, liquid gas carriers, and car carriers) owned / chartered by domestic or international major ship operators.
Depends on various factors such as the vessel's purchase price, age, employment, tenor, earnings profile, and current fair market value.
Strives to match customer requirements but, in case of the vessels chartered by ship operator, is subject to the tenor of the charter contract.
Shall be customary and, depending on the transaction structure, typically include (but is not limited to):
- First priority mortgage over the vessel
- Assignment of charter contract / earnings
- Assignment of insurances
- Shares pledge
- Assignment of shipbuilding contract
- Refundment bank guarantee
- Corporate guarantee
- Account charge
Any financing would be subject to (1) completion of the necessary due diligence to the satisfaction of MUFG Bank, (2) final credit approval by MUFG Bank, and (3) satisfactory documentation. Please contact us if you have any inquiries or need more information.