Mortgagee Interests

We are often engaged to advise one of the World's leading banks or financial institutions on insurance products that provide security for ship finance transactions. Our expertise covers all areas of the marine and offshore sectors including arranging the placement of the following insurances:

• Mortgagees Interest
• Mortgagees Additional Perils (Pollution)
• Mortgage Rights insurance
• Political Risks insurance
• Lessor’s Interest insurance
• Passive Investors insurance

We have developed insurance products for ship mortgagees and also advise banks and other providers of finance on the most efficient and cost effective methods of restructuring and recovering defaulting loans. In particular, we are highly regarded for arranging insurance for leasing transactions (including leveraged leases).

LSR has grown its reputation by combining in depth understanding of the exposures faced by ship finance organisations, with an in-house culture of tenacity and desire to achieve a focused product at a competitive price. This was seen when a major European ship mortgage bank in the early 1990’s requested a bespoke Mortgagees Additional Perils insurance. Subsequently, the policy was the first of its kind successfully placed by us and today it is recognised as a significant milestone.