Marine finance services

Expertise in marine finance services

When buying or leasing a movable asset such as a vessel, arrangers and investors need to establish one or several companies through which to structure the financing and own legal title.

It pays to have a third party such as Ocorian to act as an independent administrator of those companies, and manage the fund flow and the operational activities of the transaction.

Our dedicated maritime finance teams based across key jurisdictions around the world including Ireland, Jersey, Bermuda and the Cayman Islands have over 30+ years’ expertise in the corporate management of bespoke commercial shipping structures.

How we help

Entity formation and administration

We assist our clients and their legal advisors with the process of creating a separate legal entity, either a company, a SPV, a partnership, a trust or a foundation and file the relevant agreements to give substance to that entity.

We provide administration services to the financing of vessels or sale and leaseback and PDP (pre-delivery payments) financing.

Provision of directors and registered office

We provide suitably qualified and experienced directors to act on the board of the administered entity.

We can provide a registered address to demonstrate a local presence and / or liaise with a registered agent in the jurisdiction of your choice.

Vessel registration and administration

We assist with registering the ownership of a shipping vessel with the relevant registry.

Provision of other fiduciary roles

This includes corporate administration; company secretarial services; nominee shareholder to act as share trustees; and facility agent, security trustee and process agency services.

Record keeping

We will maintain accounting records and preparation of annual financial statements and interim management accounts under IFRS or US / Irish GAAP. We can also work with your commercial manager of choice to support them in preparing financial statements.

Regulatory reporting

This includes regular tax filings, including corporate tax, VAT, FATCA, CRS and other ongoing tax submissions with respect to the SPV in the tax residency and country of incorporation.

Cash management services

We provide end-to-end processing of all cash transactions and back reconciliations.

Security trustee

As security trustee, we provide a suitably qualified team to create, file and enforce security (where required) on behalf of the lenders to a loan. We may take security and hold the collateral itself or appoint a separate Collateral Trustee.

Escrow services

We will act as an independent escrow agent to hold your assets securely in escrow and distribute them according to your instructions or the terms of your transaction agreement.

Why Ocorian?

Experts in marine finance
The team at Ocorian have long standing experience within the shipping market and have acted as directors on hundreds of marine SPVs and bring expertise and experience to your project.
Full service offering
Ocorian don’t just offer the setup of your structure, we can provide a full suite of agency roles to support your business including acting as security trustee, facility agent and escrow services.
The strength of our network
We enjoy close relationships with tax and legal experts and regulatory authorities, greatly assisting the lifecycle management of the entity / SPV.