Products and services
Multiple lending products and checking accounts
Term lending secured on tangible assets, short-term credit against orders and invoices, and USD checking. All in USD, all for the maritime industry.
Commercial Asset-Based Loan
Term financing for vessel acquisition, fleet modernisation and retrofitting, equipment and business expansion — secured on tangible assets.
| Currency | USD |
| Facility size | subject to approval |
| Term | 36 – 60 months, agreed per facility |
| Structure | Fixed pricing for the approved term, confirmed at approval. Interest paid monthly, principal repaid in full at maturity. |
| Security | First-ranking security over the financed asset — vessels, yachts, commercial property, real property or other eligible assets — with independent valuation and insurance. |
| Advance rate | Standard 70% of independent valuation, up to 80% subject to underwriting and credit approval. |
| Fee | 1% non-refundable application and origination fee, payable on application. |
Final pricing and terms are provided as part of the application and approval process. All facilities are subject to underwriting, documentation and credit approval.
PO/Invoice Credit Facility
Short-term financing against eligible purchase orders, invoices and receivables — for commodity traders and service providers with confirmed orders and creditworthy account debtors.
| Currency | USD |
| Facility size | subject to approval |
| Facility validity | 12 months, reviewed and renewable annually |
| Draws | One or more draws against the approved facility, each for 90, 180 or 360 days. Each draw is repaid at its own maturity from the collections on the financed order or invoice. |
| Availability | Repaid amounts may be re-advanced within the approved borrowing base and credit limit during the facility term. |
| Pricing | A fixed financing charge on each draw, agreed by draw term and collected at the time of the draw. |
| Fee | 1% non-refundable application and origination fee, payable on application. No other fees. |
| Verification | Every financed counterparty is screened and every order or invoice verified before funding. |
Final pricing and terms are provided as part of the application and approval process. All facilities are subject to underwriting, documentation and credit approval.
Checking Accounts
USD accounts: Commercial Checking Account for companies — including as the operating and settlement account for a lending facility — and Personal Checking Account for qualifying individuals.
Commercial Checking Account
For companies. Serves as the operating and settlement account for a lending facility.
Personal Checking Account
For qualifying individuals. Joint accounts available.
USD only. Ask about opening an account via Contact us.
How we assess an application
01
Enquiry
The asset or order, the client type, the indicative amount.
02
Due diligence and valuation
Independent valuation of collateral, counterparties screened, orders and invoices verified.
03
Documentation and security
Loan agreement, first-ranking security, insurance over the asset.
04
Funding
Funds released once security and insurance are in place.