Explanatory Notes
BIMCO members have access to the supporting explanatory notes.
SHIPTERM S is a standardised term sheet intended for use in a syndicated, secured term loan ship financing transaction.
The term sheet has been prepared for use in transactions between a syndicate of lenders and one or more affiliated borrowers. The latest edition of this contract is SHIPTERM S, issued in 2018.
Copyright in SHIPTERM S is held by BIMCO.