The Ship Finance Department at Fenech & Fenech Advocates is proud to have assisted a Chinese leasing house with the registration of the first two finance charter instruments over Malta flagged vessels, following very recent amendments to the Merchant Ship Act which introduced this new security measure.
Malta is the first European flag to offer a registerable finance charter instrument as a security option to lease financiers, affording additional protections to lessors’ interests through the registration of a charge over the relevant vessel.
The team at Fenech & Fenech Advocates also take this opportunity to extend our sincerest gratitude to the whole team within the Merchant Shipping Directorate at Transport Malta for their invaluable assistance and sterling efforts with getting these transactions concluded.