| Difko offers funding for ship owners, freight companies and other professionals in the shipping industry for new and modern tonnage as well as for existing fleets, based on an individual assessment.
We are mainly interested in modern commercial tonnage built in reputable shipyards, for example dry cargo carriers, multipurpose vessels, heavy lift, ro/ro, container feeder, general cargo (optionally with refrigeration capacity), product and chemical tankers, as well as vessels in the offshore segment such as tugs, ERRV, AHTS, PSV and the like.
With our “Asset Finance” package we set up the limited partnership (following the Scandinavian K/S model or German K/G model) that acquires the vessel and raises the necessary funds and fixes time charter agreements and contracts for commercial, technical and crewing management with appropriate shipping professionals. The ship owner then accepts part ownership in the limited partnership, typically with between 10-25% of the capital of the limited partnership.
This package is in fact a practical way for ship owners to acquire a vessel and retain full ship operation and management - if deemed appropriate - for a relatively small investment/equity allocation.
| - - - - - - - - - - - - - | In the process of establishing our high quality, turn key-projects, Difko will (in co-ordination with the shipping professional participating in the project):
Prepare a framework agreement between Difko and the shipping professional participating in the project
Ensure that a professional and thorough inspection of the vessel is carried out (including a diver’s inspection of the vessel’s underwater areas) in order to ensure that all relevant technical details about the vessel’s condition and necessary repairs/upgrades are known
Prepare and negotiate the Memorandum of Agreement (purchase agreement)
Collect evaluations from brokers of the vessel’s purchase price to support the Memorandum of Agreement
Prepare budgets for the limited partnership (including scenarios of e.g. increase/decrease in hire, operating expenses, interest rate and exchange rate plus a break-even scenario)
Prepare articles of association and establish the limited partnership
Negotiate and obtain financing of the limited partnership
Prepare and negotiate commercial and technical management agreements
Prepare and negotiate charter party for the vessel
Obtain necessary opinions from legal and financial representatives
Prepare sales prospectus, market and sell the shares to investors
Arrange the closing procedure in connection with delivery of the vessel
Act as corporate manager of the limited partnership (this includes general administration involving providing a managing director, preparation of accounts, contact and communication with authorities, accountants, banks, commercial manager, technical manager and shareholders on behalf of the limited partnership)
| Please contact our shipping department to discuss the options in more detail or alternatively use our dedicated e-mail shipping@difko.dk.  |