Palmer attorneys regularly represent lending institutions and vessel owners in marine finance transactions involving the construction, purchase and ownership of vessels and maritime equipment. Our attorneys draft, negotiate and provide advice to clients regarding the terms and conditions of all necessary forms of documentation associated with marine financing including ship mortgages, notes, security agreements, leases and guaranties, and handle closings and required U.S. Coast Guard filings.
The admiralty and maritime law principles and the procedures which must be followed by a lender when a borrower defaults on a vessel loan and mortgage are highly unique. Our attorneys have extensive experience in advising lenders of their rights and obligations and, when necessary, prosecuting formal vessel mortgage foreclosure proceedings through the arrest of the subject vessel in federal courts throughout the country.
For lenders and vessel owners, Palmer offers sophisticated capabilities in the area of marine finance. To discuss your needs and interests, please contact one of our experienced attorneys.