BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets
In June this year, BIMCO announced the development of a new term sheet for ship sale and leaseback transactions. Following consultation with various stakeholders in the leasing industry, “SHIPLEASE” was published in September 2020.
The development of SHIPLEASE follows the publication by BIMCO in 2017 and 2018 of term sheets for bilateral and syndicated term loan facilities, “SHIPTERM” and “SHIPTERM S”.
BIMCO have responded...