ASIIF Ship Financing Project Department indicates that for most cases the evaluation is always made on the basis of the value of the vessel and outlook of a vessel's earnings potential where the financing will not typically surpass 70% of a vessel's market value, unless special circumstance apply, and always against a first mortgage in the vessel and handing over of insurance concerning the vessel, also any additional security for the loan is determined on an individual basis. The lenders regard on the borrower's financial strength and knowledge in vessel operations as the lenders seek to preserve a low credit risk in their loan portfolio, and consistent with this strategy the commercial risk inherent in shipping should normally be put up with by the applicant.

Please contact ASIIF Marine Project Service via:
asmarine@asiifas.com
or
Facsimile: +90-216-478-1913 (TURKEY)