Merchant Marine Financing

A long-term credit facility to finance Thai maritime businesses’ purchase of old or new ships. This facility is aimed to promote the development and utilization of Thai shipping fleet.
  • Up to 7 years
  • Up to 75% of the value of ship purchased.
  • A Thai registered company, with majority shares owned by local Thai citizen.
  • The loan must be used in purchasing new ships or ships not over 20 years old.
  • The ship purchased must be registered in Thailand and carries the Thai flag.
  • Must engage mainly in international cargo shipping.
  • Company’s history and operating results
  • Company’s financial statement and bank statement
  • Specification of the ship to be purchased, such as vessel type, size, tonnage, age, etc.
  • Other documents to testify the ship’s condition and pricing such as list of survey status, class maintenance certificates, and ship valuation certificates.
  • Cash flow projections of the ships already owned and of those about to purchase.
  • Safety Management Certificates (ISM Code)
  • Collateral documents



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