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Maritime

The firm is quicker, more knowledgeable and more efficient than many of its peers.
Chambers UK

Renowned worldwide for its specialist maritime expertise since 1911, Constant & Constant merged with TLT in 2007 to enhance the dynamic and innovative service we provide to the ship finance, commercial shipping and superyacht sectors. 

We advise on the full range of finance and commercial issues involving a diverse range of vessels traded worldwide, from tankers to dry bulk carriers to the latest LNG ships, and from luxury yachts to the largest superyachts (in excess of £100 million).

Operating out of our London and Piraeus offices (which provides ship finance advice under the Constant & Constant name), we act for clients in finance, shipping and superyacht business. This includes banks and financial institutions, owners, charterers, builders, brokers, insurers, ports/marinas and governments.  We advise on a full range of international shipping and superyacht issues; finance and acquisition transactions, operating and trading and dispute resolution.

We specialise in the drafting and negotiation of loan and security documentation such as mortgages, assignment of newbuilding contracts and refund guarantees, long term charters and leasing arrangements. We are also experienced in the negotiation and interpretation of newbuilding contracts, sale and purchase, charterparties, bills of lading, marine insurance, marine regulation, as well as cooperation agreements and competition issues.

We advise on the resolution of disputes whether by negotiation, mediation, arbitration or court proceedings, and are able to obtain freezing injunctions and arrest vessels worldwide at short notice.

Accessible when needed, we aim to give clear, cost effective and commercial advice on where clients stand and how to achieve the best result. We provide regular updates on issues relevant to the ship finance, commercial shipping and superyacht sectors.

Highlights

  • Acting for a Swiss bank in relation to the pre and post delivery financing of Chinese newbuilding re-sales for a Greek shipping group; structuring the transaction and negotiating the acquisition documents and loan documentation.
  • Advising Greek shipping investors on inter-group security provision agreements in connection with pre and post delivery finance for two Kamsarmax newbuildings constructed in Korea from Swiss bank. 
  • Assisting a European client with a claim in London arbitration under a Bill of Lading for non-delivery and wrongful issue of a second set of bills of lading, and working with South African counsel to arrest the bareboat chartered vessel. 
  • Acting for a Norwegian bank in restructuring various syndicated loan and bareboat charter facilities to offshore shipping companies, to include taking over the vessels on behalf of the bank under a warehousing arrangement and refinancing the debt under new owning companies. 
  • Advising a Middle East based HNWI on the negotiation of the purchase of a 47m Heesen part way through construction (requiring the drafting of appropriate special terms and a Dutch bank refund guarantee) and related finance from a French bank. 

Our clients

  • Arab Maritime Petroleum Tanker Company
  • Global Ship Lease
  • Golden Union
  • Hapag-Lloyd
  • Oinoussian Holdings
  • Vroon
  • Warm Seas

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