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Ince & Co

16 COLLYER QUAY, #19-00, SINGAPORE 049318, SINGAPORE
Tel:
Work +65 9770 7519
Fax:
Fax +65 6538 6660
Email:
Web:
www.incelaw.com
Ince & Co, Martin Brown, Singapore, SINGAPORE

Martin Brown

Tel:
Work +65 6538 6660
Email:
Ince & Co

Work Department

Business & Finance, Energy, Shipping

Position

Partner

Career

Heading the finance team in Singapore, Martin is consistently recognized by legal directories as a leading ship finance lawyer in Singapore. Martin specialises in cross-border ship finance and off-shore maritime transactional matters including debt financings, asset backed lending, leasing, asset value support, international joint ventures and private equity investments (both conventional and Islamic). He also has extensive experience advising a range of clients, including banks, private equity firms funds and companies in debt restructuring and rescheduling, equity capital raising and distressed creditor and debtor advisory work. He has also particular expertise in export credit agency finance and advises companies on their investment activities in the marine and energy sector.

Highlight matters:

Advised SMBC, the agent bank in a syndicate of 6 banks/financial institutions including OCBC, CIC, DBS, Société Générale and the financial institution Clifford Capital on secured loan facilities for the purchase of two LNG buildings by special purchase vehicles owned by BW Pavilion (a joint venture between BW Maritime and Pavilion Energy).  Marine Money Deal of the Year, 2016 - Project Finance East.

 

Advised Oro Negro as issuer of the largest high yield bond ever issued in the Norwegian market to refinance the acquisition of four jack-up drilling rigs which are operated in Mexico. Norwegian Bond Deal of the Year Award, 2015. Marine Money Offshore.

 

Advised Seacor on its acquisition and reflagging of 11 vessels from the Pacific Richfield Marine group (which was in receivership) which was financed by DNB. 

 

Advised NAB, BNPP and SMTB as lenders’ counsel in connection with the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.

 

Advised MISC borrower’s counsel on the financing of 2 LNG carrier newbuilds which were chartered to Petronas.

 

Advised Islamic shipping fund Safeena (L) Ltd on its first investment, which was made through an Istisna'a and Ijarah mawsufah fi zimmah structure (a deferred purchase and forward lease arrangement) in a 19,900 dwt stainless steel chemical carrier with a Norway-based entity which owns and operates chemical carriers. This was the first investment by an Islamic shipping fund outside the Middle East, and the first transaction ever to use this structure.

 

Advised Cyprus-based Dynamic Offshore Drilling Limited, on the vessel construction and delivery of its new 350 foot KFELS B Class jack-up rig “Dynamic Vision” constructed at Keppel FELS shipyard in Singapore.  Advised on the equity raising by way of private placement and subsequent shareholder arrangements, as well as the senior and mezzanine debt financing.

 

Advised DVB on its financing by way of debt plus equity with share buyback arrangements for an offshore accommodation unit for Marine Assets Corporation.  The vessel was an innovative design and was ordered on a speculative basis – the deal ended up in the highest return for a shipping bank known.

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