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In Elnavi Mr. Dagfinn Lunde (Chairman) and Mrs. Marina Tzoutzouraki (CFO) of SFG Ship Finance Global Ltd) ‘eShipfinance. com’ explain how this new revolutionary platform operates and refers to the advantages of this financing solution. Does your bank/organisation provide adequate lending capacity to shipping companies and under what criteria?
We are not the ‘providers’ of bank finance. In essence, we are a B2b platform that can be utilised by a shipowner to reach a broader spectrum of investors, in order to obtain financing within certain parameters. Do you agree with the strict Central Banks regulations (Basel rules) to avoid softening of loan covenants and aggressive lending? Yes we agree, banks in the past have been reckless with overlending and hence this has led to a bad market situation. Lending institutions should therefore exercise caution and a set a discipline in their lending policies.
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