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Maritime finance covers the funding, security and administration of ship ownership and operation. It includes arranging and documenting facilities to buy, mortgage or refinance vessels, negotiating intercreditor arrangements, and securing lenders through ship mortgages, charges and guarantees. A solicitor drafts facilities agreements, ship mortgages, charterparty finance documents, and related security, reviews risk allocations, and coordinates registration and perfection of security, ensuring compliance with applicable maritime and financial law.
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