PTF02: Shipping Financing Part I
             - Standard Terms And Conditions
 

Comments from past participants   “My expectation of the seminar was basically to understand the fundamentals of Shipping Financing. The seminar, discussion and Q & A sessions have managed to provide me with that understanding.” - Mr. Abdul Ghafar Ahmad Bank Islam Malaysia, Malaysia. [Class of April 2008]   "The Shipping Financing Seminar is a good start for anyone wishing to understand about shipping financing." - Mr. Karya Setia PT Bank Central Asia Tbk., Indonesia. [Class of October 2008]   "I was very impressed with the Shipping Financing Seminar Facilitator's knowledge. After attending the seminar, I'm more confident in analyzing the credit standing of shipping-related companies. The seminar also exposed the participants to ship financing loans, understanding the various type of charters and the risks involved in each of them. We were also being updated on the general industry outlook. The seminar, discussion and Q&A sessions have managed to provide me the understanding I needed, especially on "the fundamentals of shipping financing"." - Mr. Abdul Aziz Bin Bohassan RHB Islamic Bank Berhad, Malaysia. [Class of October 2008]   "As I am new to Shipping Financing, I found the seminar very useful. Besides that, Mr. Andrew also shared his experiences and explained the material from the bank's point of view, which make the seminar more interesting." - Mr. Chen Lin Andrew PT Bank Central Asia Tbk., Indonesia. [Class of October 2008]   "Course is informative and well conducted." - Mr. Andy Lim Bangkok Bank Public Co Ltd, Singapore. [Class of October 2008]   "I found the Shipping Financing seminar useful as it covers a wide range of topics which are relevant to my job function. It contains useful tips which we can use especially during this current economic downturn faced by the industry." - Mr. Abu Hurairah Bahari Bank Pembangunan Malaysia Berhad, Malaysia. [Class of October 2008]   "This seminar gave me a very good overall understanding of shipping finance, which was what I wanted." - Mr. Ooi Jot Ley Sumitomo Trust & Banking Co. Ltd, Singapore. [Class of March 2010]   "The seminar is excellent for participants who are fresh to shipping financing and wish to gain a good foundational understanding on various types of vessels financing." - Mr. Keith Chong PT Bank Mandiri (Persero) Tbk, Singapore. [Class of March 2010]   "The way the facilitator Mr. Andrew conducted the training program, with a combination of theory and practice, is remarkable! This seminar is an example of interaction between the faculty and participants from which we have been able to have over all views on Shipping Financing within the least possible time." - Mr. Mohammad Akhteruzzaman The City Bank Limited, Bangladesh. [Class of October 2010]   "The seminar was nice, interactive and informative! We shared our knowledge with each other. Especially Andrew sharing his experience on the specific field helped us to have a new look in Shipping Financing." - Mr. Md. Safiul Amin The City Bank Limited, Bangladesh. [Class of October 2010]   "From this seminar, I learnt how to assess risks related to the shipping financing business and how to analyze the financial statements of ship purchasers. This knowledge will be useful for my bank when we conduct shipping financing business." - Ms. Wang Yi Jun Bank of Communications Co., Ltd, Singapore. [Class of March 2011]   "This seminar is good for those new to shipping financing, providing an easy-to-understand introductory platform as well as an up-to-date outlook on the shipping industry." - Ms. Goh Jia Ling Mizuho Corporate Bank, Ltd, Singapore. [Class of March 2011]   "It's a very good seminar to help one to tap into the shipping financing market" - Ms. Yao Jiayun PT Bank Mandiri (Persero) Tbk., Singapore. [Class of March 2011]   "I have attended the seminars provided by PI ETA Consulting Company; Shipping Financing, Project Financing. I find the seminars very useful and interesting, with professional instructors!" - Mr. Chandra Tjong PT. Bank Permata, Tbk, Indonesia. [Class of September 2011]   "The Seminar provides a good introduction to shipping financing from a business and credit point of view. The 2-day workshop was very lively, interactive and the facilitator was very experienced!" - Ms. Leong Lee Li Emily The Bank of Tokyo-Mitsubishi UFJ, Ltd (Singapore Branch), Singapore. [Class of September 2012]   "Seminar was good, interactive and informative! Seminar was useful and provided good overall understanding of shipping financing." - Mr. Tan Choon Hwa Bangkok Bank Public Co Ltd, Singapore. [Class of September 2012]   "Andrew takes extra effort to find answers to my questions on day 1. Much appreciated! It has been an enriching session." - Mr. Andry Barnas DBS Bank Ltd, Singapore. [Class of September 2012]   "A well-designed shipping financing seminar, alongside Andrew's impressive step-by-step and down-to-earth method of sharing." - Mr. Lock Yen Khai Bank of Communications Co., Ltd, Singapore. [Class of March 2013]   "The seminar is informative and relevant to our area of work which includes evaluation of shipping finance. Andrew is approachable, clear and always willing to share his years of experience dealing with shipping related financing, including enforcement. The class size is condusive for good interaction and exchanges of opinions among the attendees and facilitator." - Ms. Dawn Cheok DBS Bank Ltd, Singapore. [Class of March 2015]   "Very Detailed and Practical. Easy to Understand!" - Mr. Rudi Rinardi Indonesia Eximbank, Singapore. [Class of September 2016]   "Informative, relevant and participative Program!" - Mr. Shaun Lin Credit Industrial et Commercial, Singapore. [Class of April 2019]     Highlights   Be Aware of the Factors to consider in a Ship Financing Loan. Understand the various types of Charters and the Risks involved in each of them. Understand the Collateral Support that is needed. Ensure that a thorough Financial Analysis is carried out (from the viewpoint of a typical ship owner). Know what other Factors to consider in Analyzing the Credit. Understand the Factors that we need to consider in a Ship Construction Loan from the viewpoint of Financing the Shipyard and from the viewpoint of Financing the Purchaser. Engage in a Discussion of a typical Shipyard’s Financial Statement. Ensure that the Standard Terms and Conditions are in place. Be familiar with the various risks in Shipping from the viewpoint of the owners as well as the Charterers. Know the characteristics of the Shipping Cycle and how long a typical cycle is. Be updated on the general Industry Outlook of the various types of ships including the offshore rig industry. Know what are Flags of Convenience and the Advantages/Disadvantages of using them. Understand the importance of having the vessel classified by one of the officially recognized Classification Societies. Seminar Facilitator(s) (For complete profile, click on the name(s) below) Mr. Andrew K. T. Goh B.Econ.

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MCF-Eligible This programme is pending application to and accreditation by the Maritime and Port Authority of Singapore (MPA). Maritime Cluster Fund (MCF) Training Grant may be available for eligible participants for this programme. The MCF may be available to eligible entities, at a 50% funding level of programme fees, excluding GST, subject to all eligibility criteria being met. Please refer to www.mpa.gov.sg/mcf for more information.