Project Financing
BankServe provides insurance due diligence services to Commercial Lenders, Export Credit Agencies, Multilaterals, Bond Issuers and other parties involved in project financing.
The team specialises in LNG, upstream energy, rigs, FPSOs, power, petrochemical and pipelines and currently is the Lenders’ Insurance Advisor on many of the world’s largest projects.
Work undertaken includes:
• Advice on drafting insurance provisions and schedules in loan documents;
• Review of indemnity and insurance provisions in main contracts;
• Liaison with project’s insurance broker/risk management team
• Audit of placements to check compliance with such provisions/schedules;
• Production of reports and sign offs as required;
• Presentations at syndications;
• Advice on waivers and market availability;
• Monitor the transfer from construction to operational insurances;
Team members also conduct seminars about the insurance aspects of project financing for finance parties or lawyers.
Contact:
Mike Bignell