The effect of financial collateral arrangements on ship finance : The 2002/47/EC Directive and its analogous implementation on ship financing transactions

Abstract

The present thesis presents the european directive regarding the financial collateral arrangements and its implementation in Greek and English national law respectively. Furthermore, an evaluaton of its future effect on ship financing transactions as well as on the maritime entity is pointed out and thus its subsequent results are considered. The new legal regime has not yet any application in the shipping industry and therefore,the present work constitutes an effort of examining its application in that area,the potential consequences and the considerations that may arise. The author would like to thank her supervisor for his contribution to this thesis, as well as Mr Georgios Georgiopoulos for his general support throughout the master programme and Ms Anna Nikolados for her essential assistance.