Here's an overview of the video tutorial for the Shipping Finance course by Mr. Vinay Naidu. Mr. Naidu, with over four decades of leadership experience in maritime finance, has created an 11-chapter video series that covers various aspects of shipping finance, bridging the gap between theoretical and practical knowledge related to the subject as per ICS book syllabus.
Chapter-wise Breakdown
The video tutorials are structured into 11 chapters, each focusing on a specific area of shipping finance.
Chapters 1 & 2: Market Fundamentals
These chapters introduce the basics of shipping finance, including the relationship between freight and finance and the objectives of both lenders and borrowers. They explain shipping cycles (trough, recovery, peak, and collapse) and how to develop financing strategies for each phase. The tutorials also cover the consequences of ignoring these cycles, the risks involved for both borrowers and lenders, and the impact of the 2008 financial crisis on the shipping market and finance.
Chapters 3 & 4: Loan and Credit Analysis
This section dives into the specifics of loan documentation and assessment. Topics include the loan structuring process, bank credit policies, and the concept of Loan-to-Value (LTV).
The tutorials also detail the Six C's and CAMPARI frameworks for credit assessment, and the importance of analyzing the customer, vessel, transaction, and charterer. Key elements of loan agreements, covenants, and the process for loan default and enforcement, including Ship mortgages and judicial sales are also covered.
Chapter 5: Legal Aspects
This chapter focuses on the legal framework of ship finance. It discusses UK ship registration, the 64 shares rule, and the roles of flag states and open registries. The tutorials also explain ship mortgages, their ranking, and enforcement procedures, as well as the concepts of maritime disputes, Admiralty Jurisdiction, and the in rem and in personam procedures. The process of Ship arrest and the benefits of arbitration in the shipping industry are also explored.
Chapters 6, 7, & 8: Funding Sources
These chapters explore different sources of finance, starting with equity (private and public) and the IPO process for shipping companies. They differentiate between debt and equity, and discuss market participants and lending models before and after the 2008 crisis. The tutorials also cover various types of loans, such as senior bank loans, revolving credit facilities, and junior debt, as well as alternative financing methods like seller's credit and private placements.
Chapters 9, 10, & 11: Specialized Finance & Structure
The final chapters cover specialized financial instruments and structures. Topics include debt financing and bond markets (e.g., Norwegian and Title XI bonds). The tutorials also examine other forms of finance like securitization, leasing (including Islamic and operating leases), and the KG and KS financing models. The series concludes with a discussion of the debt-equity structure in shipping finance, the impact of the Basel Committee and Basel III, and the benefits of leverage in relation to shipping cycles.
Practice and Assessment
The course includes over 230 multiple-choice questions (MCQs) with answers and explanations to help students solidify their understanding of the concepts. These are distributed throughout the chapters and are also available in a dedicated Q&A module. The total duration of all video chapters is approximately 250 minutes.
Vinay Naidu
Mr. Vinay Naidu brings about four decades of leadership experience in the maritime and shipping industry and has held leadership roles in maritime finance with renowned multinational companies. His passion for IT and technology, uniquely positions him to bridge the gap between financial world and digital transformation in maritime operation. In addition, he has served as a lead auditor for quality management systems, ensuring compliance and operational excellence. Beyond shipping, he is actively engaged in capital markets with a focus on derivatives and leverages his competence in occupational psychometric analysis to mentor and guide young adults in their career development.
Rating:
Price:
₹ 14999
Language:
Length:
07:01:00
Intended for:
Seafarer, Ship Broker, Maritime Professional
Reference:
Topics:
12 Sections . 23 lectures . 7h 1m total length
14 min
1.1 Shipping Finance | Chapter 1 | Part 1
Introduction to Shipping Finance, Connection between Freight and Finance, Lender’s objective, Borrower’s objective, Consensus and Conflict points
21 min
1.2 Shipping Finance | Chapter 1 | Part 2
Shipping cycles, Trough, Recovery, Peak and collapse, Characteristic of each phase, Financing strategy for each phase
20 min
1.3 Shipping Finance | Chapter 1 | Part 3
Consequences of ignoring shipping cycles, Borrower risk, Lender’s risks, Market Impact, 10 MCQ’s for practice, Model questions related to subject
13 min
2.1 Shipping Finance | Chapter 2 | Part 1
Current status of finance market, Bank capital erosion 2008, Regulatory pressures- Basel III compliance, Ship finance lender’s appetite, Implications for shipowners
13 min
2.2 Shipping Finance | Chapter 2 | Part 2
Shipping markets in Finance-relationship, Double hit in 2008 crisis, Re-enforcing key concepts from Shipping cycles, Demand and Supply, Opportunity and challenges, Dangers of Over-ordering during boom phase
13 min
2.3 Shipping Finance | Chapter 2 | Part 3
Finance & shipping tied together, Mutual dependence, Risk-Oversupply of vessels, Impact of this dependence, Ship financing turning unattractive, 10 MCQ’s and answers, Practice questions related to chapt
22 min
3.1 Shipping Finance | Chapter 3 | Part 1
Loan documentation, Loan assessment, Loan structuring Process, Bank credit policy, Ratio and loan amount, Loan to value (LTV), Limits & exceptions, LTV implications, Borrower & Guarantor, SPC’s (special purpose companies), Risk Management, Financing secondhand vs newbuild,
25 min
3.2 Shipping Finance | Chapter 3 | Part 2
Credit risk analysis, repayment structure, importance of different profiles, Prepayments, Loan pricing, margins, fees, Insurance costs, Interest rates and periods, SOFR/ LIBOR/ EIBOR, Fixed and floating rates,
22 min
3.3 Shipping Finance | Chapter 3 | Part 3
Credit assessment, Six C’s framework, CAMPARI, Customer analysis, Vessel analysis, Transaction analysis, Borrower and guarantor analysis, Charterer analysis, 10 MCQ’s and answers, Practice questions related to chapter
23 min
4.1 Shipping Finance | Chapter 4 | Part 1
Loan Documentation, Key elements of loan agreements, English Governing law, Covenants, MVC (Min Value clause)Security package, Ship Mortgage- Core features, Exercising Ship mortgage, case study,
17 min
4.2 Shipping Finance | Chapter 4 | Part 2
Loan Default notice and process, Arrest and enforcement, Judicial Sale & Mortgagee ranking, Auction process, Case Study, Assignments & Guarantees, Newbuilding security, MCQ’s and Practice questions related to chapter
20 min
5.1 Shipping Finance | Chapter 5 | Part 1
Legal aspects relating to ship finance, UK Ship registration, Qualified owners, 64 shares rule, managing owner, Flag state & open registries, competitive edge, offshore flags,
Ship mortgages, Ranking of Mortgages, Enforcement of Mortgages, Court sale, Priorities of claims
19 min
5.2 Shipping Finance | Chapter 5 | Part 2
Equitable mortgages, Priority & Registration, Admiralty Jurisdiction, Maritime disputes, Actions in Admiralty- In Personam, In rem, CPR rules, Jurisdiction rules
21 min
5.3 Shipping Finance | Chapter 5 | Part 3
In Rem Procedure, Ship arrest, In Rem & Finance relation, Liens vs Mortgages,
One ship company-Concept, Legality,
Arbitration Process, Tribunal structure, Benefits of Arbitration, Preferred option in Shipping,
MCQ’s and Practice questions related to chapter
24 min
6.1 Shipping Finance | Chapter 6 | Part 1
Equity as source of finance, Owner’s equity and its advantages, Private equity, Public equity, IPO process for shipping companies, Stock exchanges, Investor conflicts, factors influencing equity
23 min
6.2 Shipping Finance | Chapter 6 | Part 2
Choice of stock exchanges for listing, Payout ratios (Dividends), shareholders, equity injections, dilutions, SOX (Sarbanes-Oxley Act), Types of shares, special purpose acquisition companies (SPACS), MCQ’s and Practice questions related to chapter
16 min
7.1 Shipping Finance | Chapter 7
Difference between Debt & equity, Senior Bank Debt, Ship mortgage seniority, Shipping Finance market participants, Pre/ Post 2008 models, Bank lending policies, Syndicated and Club Loans, MCQ’s and Practice questions related to chapte
20 min
8.1 Shipping Finance | Chapter 8 | Part 1
Types of loans, Senior bank loans, Amortising term loans, Revolving credit facilities, Bridging Loans-Short term finance, Hunting Licences (Pre approved loans), Junior debt and Mezzanine debt, ECA (Export Credit agencies)
12 min
8.2 Shipping Finance | Chapter 8 | Part 2
Seller’s Credit, Yard Credit, Equipment manufacturer financing, Private placements, Alternative finance- Higher risk, MCQ’s and Practice questions related to chapter
17 min
9.1 Shipping Finance | Chapter 9
Debt Financing & bond markets, High Yield bonds (144A issues), Institutional trades, Norwegian bonds, Title XI bonds, Govt Guarantee, Under Jones act, Convertible bonds, Case study, MCQ’s and Practice questions related to chapter
22 min
10.1 Shipping Finance | Chapter 10
Other forms of finance, Securitisation, Description with case study, Leasing, Tax benefits, Operating Lease, Islamic Leasing, Risk Sharing, KG (German) Financing, Collapse of model post 2008-crisis, KS (Norwegian) Financing, Differences between KG and KS finance, MCQ’s and Practice questions related to chapter
16 min
11.1 Shipping Finance | Chapter 11
Debt-Equity structure in shipping finance, Basel Committee, Global financial crisis, Basel III in Shipping, Benefits of Leverage, Leverage & Shipping cycles, MCQ’s and Practice questions related to chapter
8 min
12.1 Shipping Finance | Q & A
This module contains 100 MCQ’s(with correct answers & explanation) to have conceptual clarity of the subject. Make sure you take your time to pause the video for having a better understanding of the question and explanation given for each question (at the end of each 20 questions set)
Successful completion of this course will earn you a certificate of completion from Sea and Beyond. This certificate will be emailed to you and you could also share and show it on LinkedIn Please click on the button below to purchase the certificate.
Similar Courses
Contact Us