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(Skye Bank)
Essential training for strategising business focus and assessing revenue potential
Lloyds Maritime Academy presents industry acclaimed ship finance training course
I I
Explore options for financing ships in a difficult market place Practically structure debt financing within the current market Attain updates of the latest lending methods and how these can be obtained Consider capital markets and discover how shipping funds operate Analyse credit risk assessment and management
Examine the sale and purchase of second hand tonnage I Review vessel types and ship management and how this relates to financing I Experience the reality of ship financing first hand in today's market I Discover how to manage problem loans and distressed asset management
A two day intensive course project culminating in negotiating with the bank in the current market! Put your negotiation skills to the test!
Spring School: Monday 11 Friday 15 April 2011 Winter School: Monday 21 Friday 25 November 2011 Prospero House, London
# BOOK BY 11TH FEBRUARY AND SAVE 200 500 DISCOUNT FOR 3RD AND SUBSEQUENTLY REGISTERED DELEGATES
Official Charity Official Publications
16 Hours CPD
The Solicitors Regulation Authority
+44 (0)20 7017 5510 For the latest programme and to register: www.lloydsmaritimeacademy.com/shipfinance
This brochure has been produced using environmentally friendly paper sourced from sustainable forests and is chlorine-free
DAY 1
09.00 Registration and welcome coffee 09.30 Chairmans welcome and introduction to the course Peter Stowell FCIB, Principal, PS Consulting
SESSION ONE: SHIP FINANCE IN A GLOBAL MARKET
10.00
INDUSTRY UPDATE
Join the Background to Shipping attendees for optimum industry experience
The world economy and the effects on shipping n The world economy n Trading patterns n Maritime capability n The shipping markets now and forecast for the future Steve Matthews, Economics Editor, Lloyds List
SESSION TWO: SHIP FINANCE OPTIONS AND PRODUCTS
How is a ship to be financed when banks are not willing to lend? is the financing market likely to return to normal? n The traditional options for financing ships n The traditional sources key products n What new ways of financing a ship are available? Peter Stowell FCIB, Principal, PS Consulting
n n When
11.45 Coffee and networking break 12.00 Debt financing and the credit crunch n Ship finance market for debt n Types of senior debt n Lending methods and the impact of uncertain financial markets n Proposals to borrow n What the lender needs to know and what the shipowner needs to present Paul Packard, Head of Maritime Industries, Bank of Ireland Corporate Banking 12.50 Questions and discussion 13.00 Lunch 14.00 FFAs and the derivatives market n Hedging principles n Bunkers n Exchange rates n Interest rates n Freight rates hedging - how it works Duncan Dunn, Business Development Director, Simpson Spence & Young Ltd 15.00 Tea and networking break 15.15 Credit risk and analysis for bank finance n How banks analyse risk n Management assessment n Transaction structure n Assessment of security n Cash flow risk n Residual value risk n Market risk n Risk rating models: how they work n Basel II update n Credit crunch update Trevor Law, Senior Vice President Risk Management, DVB Bank SE 17.00 Close of day one followed by
Join our LinkedIn Group and stay connected with fellow shipping professionals, speakers, and other interested parties. Continue networking, maximise your learning opportunity, stay informed of industry developments and meet new contacts!
DRINKS RECEPTION Utilise this fantastic opportunity to network with Ship Finance and Background to Shipping attendees in a relaxed atmosphere
www.lloydsmaritimeacademy.com/lmalinkedin
"The course has indeed exposed me to the intricacies of ship finance especially the management and administration of loans" (A Lawan, NIMASA)
DAY 2
09.00 Morning coffee 09.30 Public and private equity and debt capital markets n Public equity n IPO, MLPs, dividend yield companies, SPACs n Private equity / hedge funds n Shipping funds n Ship lease companies n Limited partnerships n High yield bonds n Securitisation Frank Pedder, Managing Director, DnB NOR Markets 11.00 Coffee and networking break 11.15 Structured finance Structured finance n Project finance n Export credit finance n Leasing - Securitisation n Structuring considerations - Case study Peter Stowell FCIB, Principal, PS Consulting
n
DAY 3
09.00 Morning coffee 09.30 Marine insurance
Join the Background to Shipping attendees for optimum industry experience
Overview of marine insurance Hull and machinery n War risks n P&I Clubs n MII and additional perils-pollution cover n Case study Kate Buzzard, Solicitor, Holman Fenwick Willan LLP
n n
10.30 Coffee and networking break 10.50 Ship mortgages n Analysis of a typical ship finance structure n Nature and effect n Form n Priority n Usual terms Philip Rymer, Partner, Reed Smith 12.20 Questions and discussion 12.30 Lunch
SESSION FOUR: SHIP OPERATING COSTS
PRACTICAL EXERCISE
12.15 Introduction to maritime law n What is maritime law? n Transactional matters: ownership, mortgages and sale and purchase n Contentious matters: wet and dry litigation n Charterparties and Bills of Lading n What makes maritime law different? n International maritime law Emma Humphries, Associate, Dispute Resolution, Norton Rose 13.00 Lunch 14.00 From outline terms to the loan agreement n Structure overview n Mechanics n Representations and warranties n Covenants n Events of default n Dealing with breaches John Forrester, Partner, Holman Fenwick Willan LLP 15.45 Tea and networking break 15.20 Sale and purchase of second hand tonnage
Join the Background to Shipping attendees for optimum industry experience
characteristics of the main ship types basic principles of ship design n How do banks view the different types? n Ship design regulations in terms of safety and environment n Innovations in ship design Dr. Malcolm Willingale, Director, V. Ships Plc
n The
How are ships managed? are the principal costs? n How do banks view ship management? Dr. Malcolm Willingale, Director, V. Ships Plc
n n What
15.00 Tea and networking break 15.15 Problem loans and distressed asset management n Spotting the signs of the distress n The lender's perspective n The shipowner's perspective n How to manage a problem loan for the best outcome Jonathan Kemp, Head of Ship Finance Group, Eversheds 16.00
Participants in the sale and purchase process structure and principal terms of the Norwegian Sale Form n Common problems that arise during contract performance n The closing meeting Paul Herring, Head of Shipping, Ince & Co
n n The
COURSE PROJECT Credit assessment and SWOT analysis Under the guidance of Peter Stowell FCIB (course chairman) the delegates will break into syndicates and work on compiling a SWOT (Strengths; Weaknesses; Opportunities; Threats) analysis and credit appraisal. In essence, delegates will be tasked with: n Understanding the project shipping company in depth. n Formulating a borrowing proposition to present to a bank n Drafting of initial borrowing proposals and presentation outline.
"I am extremely delighted that I was a part of this event. It has been very informative and has created new avenues for myself and my organisation" (A Ajimobi, GM Finance, Safe Shipping Nigeria Ltd) Very informative and comprehensive, I gained a lot and had loads of fun as well
(Det Norske Veritas)
Equipment requirement: To get the most out of the practical sessions using your laptop will benefit you and your syndicate. Your laptop needs to have the following: Word, Excel, PowerPoint and be wireless enabled.
16.45
DAY 4
09.00 Morning coffee
SESSION FIVE: CREDIT COMMITTEE
DAY 5
09.00 Morning coffee
SESSION SIX: OBTAINING FINANCE
A wonderful experience, a must for maritime bankers who want to succeed in this dynamic business terrain (Oceanic)
09.45
09.30
COURSE PROJECT Review of project progress to date Syndicates will continue with their research and borrowing presentations (supporting their credit risk appraisal) and move on to the next stage.
COURSE PROJECT
Obtaining the finance: Negotiating with the bank Each shipowning group will make their presentation to the banking panel. Strengthen your negotiation skills during this intense meeting with the banking panel, as you will need to think on your feet and know your company well, identifying its key selling points to obtain finance from this bank! Following the presentations, there will be a review by the panel David Brookes, Partner, Holman Fenwick Willan Peter Stowell FCIB, Principal, PS Consulting Coffee will be served at appropriate intervals
COURSE PROJECT
"The course is very dynamic and practical in real sense cutting across all countries and continents"
(A Akinyosoye, Nigerian Maritime Administration & Safety Agency)
10.45
COURSE PROJECT
Obtaining the finance: Negotiating with the bank The remaining groups will present to the panel. After which there will be opportunity for questions and discussion.
NETWORKING DINNER Utilise this fantastic opportunity to network with Ship Finance and Background to Shipping attendees in a relaxed atmosphere
12.00 Award ceremony and feedback from the banking panel The panel will review all the presentations, discussing issues which may have arisen. They will also make suggestions for improvement. The committee will then award the winners based on a scorecard awarding points for inter alia, team working, quality of analysis, structure of finance, presentation and negotiation skills. 14.00 Informal farewell lunch and close of course
www.lloydsmaritimeacademy.com/financemasterclass
www.lloydsmaritimeacademy.com/financesummerschool
COURSE CHAIRMAN
Peter Stowell FCIB started his career with Barclays PLC and has over 25 years experience in corporate and structured finance. For most of the last 20 years he has specialised in shipping finance. In 1994 Peter was invited to join KBC Finance Ireland to start up and develop a ship finance unit. By 2000 the business was ranked 14th global provider of ship finance (source: Capital Data). Peter was then appointed to the Board of KBC Finance Ireland a subsidiary of KBC Bank N.V. specialising in project, aerospace and shipping finance. Peter currently runs PS Consulting, a management consultancy firm with an active focus on shipping finance. He is also a Fellow of the Chartered Institute of Bankers and a member of the Baltic Exchange.
This five day course addresses every aspect of this complex industry from building or buying a ship, to maritime emergencies, as well as legal, insurance and ship management topics. Each session of the course will include an interactive workshop, making sure delegates further use and expand their knowledge by interaction and sharing ideas.
Greek Shipping & Ship Finance Conference 2011 19 - 20 May 2011, Athens Ship Finance & Investment Conference 2011 15 - 16 November 2011, London For more details please visit www.informamaritimeevents.com
VIP CODE:
Event Code
5 EASY WAYS TO REGISTER
Customer Services Tel:+44 (0)20 7017 5510 Fax:+44 (0)20 7017 4745
Email: maritimecustserv@informa.com
www.lloydsmaritimeacademy.com/shipfinance
www.lloydsmaritimeacademy.com/shipfinance
LE/ILP/AJ/LD/CT/SR/TR
VENUE DETAILS
Prospero House 241 Borough High Street London SE1 1GA Tel: +44 (0)20 7105 6100 Fax: +44 (0)20 7105 6051 Nearest underground stations: London Bridge/Borough (Northern Line, City Branch)
(Skye Bank)
A full package within a maritime few days, finance like a five-day with all the fun MBA on
Lloyds
Maritime
DOCUMENTATION AVAILABLE I am unable to attend, but please reserve me ___ set(s) of electronic documentation @ 550 (plus VAT) per set. For further information call: +44 (0) 20 7017 5522 Fax: +44 (0) 20 7017 4745 or email: papers.info@informa.com
Official Publications
Academy
presents
Essential strategisi training for ng focus and business revenue assessing potential
ship finance
training
course
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+44 (0)20
7017 5510
# 500 DISCOUN BOOK BY T FOR 3RD 11TH FEBRUAR AND SUBSEQU Y AND SAVE 200 ENTLY REGISTE RED DELEGAT Official ES Charity
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Spring School: Winter Monday School: 11 Friday Monday 15 April Prospero 21 Friday 25 2011 Novembe House, London r 2011
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ACCOMMODATION DETAILS
The cost of accommodation is not included in the event fee (Accommodation is included for the Summer School in Cambridge). To book accommodation we have created a HotelMap which displays live availability and allows you to book direct with each hotel: http://www.hotelmap.com/M9TRW Alternatively, if you would prefer to book by phone, pls call Daniel Spinner on +44 (0)20 7292 2335 quoting reference code M9TRW
16 Hours
register:
has been
This brochure
produced
Regulation www.lloy Authority dsmaritim eacadem using environmentally y.com/sh friendly paper sourced ipfinance from sustainable
forests and is chlorine-free
The Solicitors
CPD
2999 (+VAT@17.5%) = 3523.83 SAVE 200! 2999 (+VAT@17.5%) = 3523.83 SAVE 200!
Register by 27th May 2011
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GROUP DISCOUNTS AVAILABLE! 500 discount for 3rd and subsequently registered delegates from the same company
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A donation from the fee for each delegate participating in our 2011 maritime events will be made to Centres For Seafarers
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FEE: Bookings made within 2 weeks of the seminar start date must be accompanied by a credit card confirmation. CONTINUING PROFESSIONAL DEVELOPMENT: This seminar carries 16 CPD points under the Solicitors Regulation Authority CPD Scheme. Level: Intermediate /Update. CPD Reference - EV/LSSL. For enquiries contact the registered company Informa UK Ltd. ARE YOU REGISTERED?: You will always receive an acknowledgement of your booking. If you do not receive anything please call us on +44 (0)20 7017 5510 to make sure we have received your booking TERMS AND CONDITIONS Attendance at this Seminar is subject to the Lloyds Maritime Academy Delegate Terms and Conditions at www.informaglobalevents.com/LMAtermsandconditions.Your attention is drawn in particular to clauses 6, 8 and 14 of the Lloyds Maritime Academy Delegate Terms and Conditions which have been set out below: Cancellation Policy If you cancel in accordance with this policy, you will receive a refund of your fees paid to LMA (if any): (i) if you cancel your registration 28 days or more before the Seminar, subject to an administration charge equivalent to 10% of the total amount of your fees plus VAT; or (ii) if you cancel your registration less than 28 days, but more than 14 days before the Seminar, subject to an administration charge equivalent to 50% of the total amount of your fees plus VAT. LMA regrets that the full amount of your fee remains payable in the event that your cancellation is 14 days or less before the Seminar or if you fail to attend the Seminar.All cancellations must be sent by email to maritimecustserv@informa.com marked for the attention of Customer Services and must be received by LMA. You acknowledge that the refund of your fees in accordance with this policy is your sole remedy in respect of any cancellation of your registration by you and all other liability is expressly excluded. Changes to the Seminar LMA may (at its sole discretion) change the format, speakers, participants, content, venue location and programme or any other aspect of the Seminar at any time and for any reason, whether or not due to a Force Majeure Event, in each case without liability. Data protection The personal information which you provide to us will be held by us on a database.You agree that LMA may share this information with other companies in the Informa group. Occasionally your details may be made available to selected third parties who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers please contact the database manager. For more information about how LMA use the information you provide please see our privacy policy at www.informaglobalevents.com/LMAtermsandconditions. If you do not wish your details to be available to companies in the Informa Group, or selected third parties, please contact the Database Manager, Informa UK Ltd, 29 Bressenden Place, London, SW1E 5DR, UK. Tel: +44 (0)20 7017 7077, fax: +44 (0)20 7017 7828 or email LMAintegrity@informa.com. Incorrect Mailing: If you are receiving multiple mailings or you would like us to change any details, or remove your name from our database, please contact the Database Manager at the above address quoting the reference number printed on the mailing label. By completing and submitting this registration form, you confirm that you have read and understood the Lloyds Maritime Academy Delegate Terms and Conditions and you agree to be bound by them. Lloyds and the Lloyds Crest are the registered trademarks of the Society incorporated by the Lloyds Act 1871 by the name of Lloyds.
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