Shipping containers are commonly defined as containers with strength suitable to withstand shipment, storage, and handling. Shipping containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated boxes. In the context of international shipping trade, container or shipping container is virtually synonymous with “standard intermodal freight container” (a container designed to be moved from one mode of transport to another without unloading and reloading).
The firm is involved in all aspects of the container industry and have developed a shipping containers practice. We have knowledge of the container industry and we can draw on it in relation to issues affecting shipping containers lessors, financiers and operators.
Our shipping containers practice offers clients advice on a wide range of matters, including financing and leasing, corporate matters (including structuring and corporate M&A work in the sector), taxation and management. The firm has a solid body of industry know‑how that enables us to offer advice based on a sound understanding of the business and commercial aspects of this sector.
Our firm act for the following clients in the shipping containers industry:
- Banks and financial institutions.
- Container leasing companies.
- Container managers.
- Shipowners and operators.
We act on all types of transactions relating to the financing of shipping containers, representing banks and financial institutions, leasing companies and ship owners in this sector, including: the financing of containers by means of secured loans; operating and finance leases; conditional sale and hire purchase arrangements; as well as by means of Islamic financing structures.
We advise owners and operators of shipping assets on a wide range of matters relating to their businesses. This extends to the sale and purchase of shipping containers, shipping containers interchange agreements, billing and collection agreements, sales agency agreements, insurance, reinsurance, environmental and regulatory issues. We are able to advise lessors and financiers in a commercially orientated manner.
Our shipping containers practice covers sales, purchases, sales, and leasebacks of new containers and advises buyers on the terms and conditions of purchase contracts for new containers.
We are able to advice on tax issues relating to commercial and corporate transactions in relation to shipping containers, the tax issues relating to containers themselves and also on tax structured finance transactions in the asset class.
Our litigation and arbitration covers the shipping and intermodal sectors including in relation to shipping containers.
We can also help you with:
- Commercial Shipping
- Shipping Contracts
- Charter parties
- Bills of lading
- Vessel arrest
- Regulatory Compliance