Mayer Brown is pleased to announce that Hong Kong shipping finance and projects partner Conor Warde was among the select few tapped by the influential Baltic and International Maritime Council (BIMCO) to draft a new industry standard term sheet for ship sale and leaseback transactions, which is now available to financiers, lessors, ship owners and their advisors.
Mr. Warde was the only Asia-based private practice lawyer invited by BIMCO to co-develop the new industry term sheet, taking into account the changing ship financing landscape globally and in Asia in particular. The new term sheet is hailed as an industry first and an important documentation on which negotiations between ship owners and leasing companies can be based.
The selection of Mr. Warde to be a member of the drafting committee is a recognition of his reputation, skills and extensive experience in the shipping industry.
For more information about BIMCO's adoption of the new term sheet, please click: https://www.bimco.org/sitecore/content/bimco/home/news/priority-news/20200921-ship-sale-and-leaseback.aspx