Shipping Lawyers & Bankers

Capco has its origins in shipping as the company was founded by David Capps, a shipping lawyer by training.

The Company has extensive experience of buying and selling ships and more importantly administering shipping related structures. It acts for ship owners and Banks and joint ventures who use offshore arrangements as part of their international financing structures.

Given the Company’s extensive experience in shipping, it is able to provide guidance with regard to structuring however, in all cases, professional advice is obtained from a qualified lawyer, accountant or tax adviser, to ensure the structure stands up from both a legal and commercial point of view. The Company has experience in owning and managing many different types of vessel including:-

  • Dry bulk carriers
  • OBO carriers (oil, bulk and ore)
  • Tankers
  • Container ships
  • Offshore drilling vessels
  • Offshore support vessels
  • Pleasure and super yachts
  • Accommodation rigs

The Company provides all aspects of corporate management for shipping structures and actively administers a variety of different situations to suit clients’ needs. We engage commercial and technical agents to undertake the day to day operational management of the vessels under the Company’s administration. Capco has a strong working relationship with many of the major international law firms involved in shipping, particularly in London.

Some of the benefits of holding vessels through offshore structures include to:-

  • Ring fence the costs and risks associated with catastrophic environmental issues.
  • Hold the vessel off balance sheet through a stand-alone structure, should regulations not allow the client to hold vessels directly.
  • Improve confidentiality and also for commercial reasons, where clients want to separate different areas of their shipping business.
  • Warehouse distressed vessels until such time as the vessels can be sold.
  • Provide an independent structure for investment in shipping, by way of a joint venture arrangement, syndicate, or through a managed fund.
  • Use a jurisdiction that is favourable from a double tax treaty point of view.
  • Hold the vessels in a structure for succession and inheritance reasons.
  • Benefit from flexible or advantageous employment regulations.

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Contacts

Gary Bowman

+44 (0) 1534 709007

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David Capps

+44 (0) 1534 709001

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Christopher Rebindaine

+44 (0) 1534 709027

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