
LSR advises the world's leading banks, financial institutions and lessors
on insurance solutions for ship finance transactions. LSR is well established
in the marine and finance sectors.
Our mortgagees practice is broadly
based and acts for banks and other providers/arrangers of finance as
well as a number of substantial shipowners and shipyards.
Our experience extends from arranging cover in respect
of secured lending to include ship sale and purchase, shipbuilding
contracts, ship registration and all other aspects of ship purchase,
construction and operation.
We
developed insurance products for ship mortgagees and we 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 handles the insurances for a number
of the world’s
most prominent ship finance banks. We are considered as a major entity
in this field. Our expertise in the area of ship mortgage finance includes
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
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