Ship & Aircraft Finance

"They are good at solving complicated issues and they give customers confidence by giving good details on judgments and issues."

- Chambers and Partners Asia-Pacific

Overview

BKL provides comprehensive legal advice on ship and aircraft finance transactions in various forms, including finance/operating leases of new/used ships, off-balance sheet structured finance, aircraft operating leases, aircraft finance leases and sale and leaseback transactions, with overall advice being optimally tailored for each deal structure.

We regularly advise leading domestic and international clients in the ship and aircraft finance sectors. Our Finance Group is well placed to provide sophisticated advice in relation to various forms of ship and aircraft financings based on its profound understanding and insight into the shipping and airline industries. Our Finance Group is regularly commended by clients for closing complex deals on a timely basis.

BKL offers a deep bench of lawyers and specialists with extensive experience at shipping companies and at supervisory authorities and composes deal teams that are optimized to deliver seamlessly integrated services to clients.

Key Services

Ship Finance
Advise on the establishment of overseas SPCs, investment companies and collective investment vehicles
Advise on various financing methods, including new/used ship secured loans, finance/operating leases, issuances of securities, collective investments and structured financings
Draft and review shipbuilding contracts, sale and purchase agreements, lease agreements, bareboat charter hire purchase agreements, loan agreements and security agreements
Advise on the registration and delivery of ships
Advise on governmental authorizations and approvals (including foreign exchange reports)
Aircraft Finance
Advise on the establishment of owner SPCs
Draft and review aircraft finance/operating lease agreements
Draft and review loan agreements and security agreements
Advise on the registration and delivery of aircraft
Advise on governmental authorizations and approvals (including foreign exchange reports)

Representative Cases

Advised on HMM’s financing of five very large crude carriers (VLCCs)
Advised on Polaris Shipping’s financing of eight new vessels
Advised on Mirae Asset Daewoo Securities (HK) Ltd.’s acquisition financing relating to an aircraft portfolio
Ship Finance
Advised on the financing of HMM’s first and second equipment purchases guaranteed by Korea Ocean Business Corporation
Advised on Polaris Shipping’s financing of five new vessels via securitization
Advised on HMM’s financing of five very large crude carriers (VLCCs)
Advised on Polaris Shipping’s financing of eight new vessels
Advised on Standard Chartered Bank’s financing of a bulk carrier
Advised on BOCOMM Leasing’s sale and leaseback of vessels
Advised on the Export-Import Bank of Korea’s financing of four LPG dryships
Advised on KDB Asset Management’s financing of Aframax tankers and MR tankers
Advised on Hyundai Glovis’ financing of seven pure car truck carriers and one bulk carrier
Aircraft Finance
Advised on Mirae Asset Daewoo Securities (HK) Ltd.’s acquisition financing relating to an aircraft portfolio
Advised on Air Canada’s restructuring of an operating lease
Advised on NH Investment & Securities (HK) Ltd.’s PDP financing of aircraft
Advised on NH Investment & Securities (HK) Ltd.’s private equity fund investment in an aircraft operating lease
Advised on NH Investment & Securities (HK) Ltd.’s aircraft operating lease
Advised on NH Investment & Securities’ financing of a Boeing 777 airliner
Advised on KDB Daewoo Securities (HK) Ltd.’s aircraft operating lease for Emirates
Advised on Korea Development Bank’s financing lease guaranteed by the Export-Import Bank of the United States of four B747-8Is and one B747-8F for Korean Air