Ship Finance, Maritime Credit and Risk Management

Module matrix

8 modules. Learning outcomes and content as approved.

• 01Kenya's Maritime Finance Opportunity

  Learning outcomes

  Recognise financeable demand and select the appropriate product and risk appetite.

  Module content

  Kenya and East Africa maritime value chains. Vessel acquisition, refinancing, retrofits, leasing and working-capital needs. Local bank, DFI, export-credit, guarantee, insurance and blended-finance roles. Pipeline-screening criteria and common reasons projects fail bankability tests. Practical output: opportunity map and preliminary go/no-go screen.

• 02Understanding the Vessel and its Revenue Model

  Learning outcomes

  Translate maritime operations into cash-flow and repayment analysis.

  Module content

  Vessel types, employment, trading areas and operating cycle. Charter structures and counterparty quality. Revenue, utilisation, off-hire, operating expenditure and dry-docking assumptions. Debt-service coverage, break-even, sensitivity and residual-value risk. Currency, interest-rate, bunker-price and concentration exposures. Practical output: base, downside and severe-downside credit scenarios.

• 03Credit Appraisal and Transaction Structuring

  Learning outcomes

  Prepare a bankable structure and a decision-ready credit paper.

  Module content

  Sponsor, borrower and beneficial-ownership assessment. Sources and uses, equity contribution, tenor, amortisation and balloon risk. Risk-based pricing, reserve accounts, guarantees and risk-sharing. Term sheet, internal approvals and transaction timetable. Conditions precedent, drawdown mechanics and permitted use of proceeds. Practical output: credit-committee recommendation and term-sheet outline.

• 04Due Diligence for Maritime Lending

  Learning outcomes

  Coordinate the evidence needed to support approval and drawdown.

  Module content

  Title, registration, flag, class, age, condition and statutory certification. Independent valuation and inspection; market and forced-sale assumptions. Ownership, licensing, tax, litigation, sanctions and AML/CFT/CPF. Charters, management agreements, earnings, insurance and material contracts. Environmental and social risks, climate exposure and transition plan. Practical output: red-flag due-diligence report and closing checklist.

• 05Security Package and Kenyan Ship Mortgages

  Learning outcomes

  Evaluate whether proposed collateral is valid, perfected and appropriately prioritised.

  Module content

  Nature of a ship mortgage and distinction from ordinary land security. Kenyan registration, alteration, discharge and priority. Maritime liens and other claims that may defeat or rank ahead of the lender. Assignments of earnings, insurances and requisition compensation. Share charges, guarantees, account security and ancillary movable-property security. Foreign-flag vessels, legal opinions and conflict-of-laws issues. Practical output: security map and perfection checklist.

• 06Finance Documents and Covenant Design

  Learning outcomes

  Convert approved risks into enforceable contractual controls.

  Module content

  Facility agreement architecture. Representations, undertakings and information covenants. Minimum value, insurance, class, flag, trading and employment covenants. Financial covenants, cash sweep, reserves and distribution controls. Events of default, grace periods, materiality and lender discretion. Intercreditor and agency considerations where several funders participate. Practical output: negotiated covenant and event-of-default schedule.

• 07Portfolio Monitoring, Distress and Enforcement

  Learning outcomes

  Detect deterioration early and choose an economically rational response.

  Module content

  Monitoring data and documentary renewal calendar. Early-warning indicators: arrears, off-hire, class, insurance, detention, charter and ownership changes. Waivers, restructuring, additional security and consensual sale. Pre-arrest intelligence: location, ownership, liens, port costs and alternative jurisdictions. Arrest, release security, possession, foreclosure and judicial sale. Recovery waterfall, custodia legis costs and post-sale issues. Practical output: watch-list dashboard and recovery decision tree.

• 08Sustainable Blue Finance and Transition Finance

  Learning outcomes

  Assess, structure and monitor finance that creates commercial and environmental value.

  Module content

  Sustainable blue-economy finance principles. Kenya Green Finance Taxonomy and climate-risk expectations. Eligible activities, exclusions, safeguards and do-no-significant-harm considerations. Lower-emission vessels, retrofits, cleaner fuels, port efficiency and resilient coastal infrastructure. Use-of-proceeds controls, KPIs, verification and disclosure. Avoiding greenwashing and managing technology-transition risk. Practical output: concept note for a bankable and measurable blue-finance facility.