Gudmund Bernitz
Gudmund is a member of HFW's finance group acting for a wide range of finance providers and borrowers on asset and export financings as well as general bank lending. He also advises a variety of corporates, particularly in the shipping and offshore sectors, on sale and purchase, charters, building contracts and other commercial matters.
He has spent time on secondment to HSBC's Project and Export Finance Department, the Shipping Finance Department of DVB Bank and WesternGeco's Marine Legal Team.
Gudmund is qualified as a Solicitor in England & Wales and as an Advokat in Sweden.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2008
Membership
- Law Society of England & Wales
- Swedish Bar Association
Education
- University of Oxford, MA
1 Contributions by Gudmund Bernitz
PRACTICE NOTES
Export Credit Agency-backed shipping finance: structures, documentation, security packages, OECD Arrangement, and lender and owner considerations
Export credit agency (ECA) backed financing has long served as a dependable funding route for the shipping and offshore sectors, yet the financial crisis expanded the influence of ECAs across all areas, from cruise vessels to drilling units and liquefied natural gas (LNG) carriers. Banks commonly welcome ECA participation as it enables them to manage capital pressures in a capital‑intensive industry and to address risks tied to exporting to overseas purchasers. ECAs provide, among other measures, direct lending, insurance and guarantees to facilitate ship finance transactions and to safeguard the interests of domestic shipyards selling worldwide. The financing structure and documentation will differ depending on the particular form of support delivered by the ECA.
What are Export Credit Agencies?
An ECA is typically a governmental body or a quasi‑governmental agency, but it can also be a publicly or privately owned company (acting on behalf of the relevant government) which, in shipping finance transactions, either furnishes...
Banking & Finance
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