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Maritime & Offshore

Maritime & Offshore Transactions

  • Avista Capital Partners in its $150 million investment in a joint venture with SEACOR Tankers to operate and construct  Jones Act vessels

  • An Oil Major as lead counsel in connection with the long-term time charter of a U.S.-flag tanker to support production offtake of Eagle Ford Shale crude oil

  • A Fortune 500 midstream energy company in connection with the client’s crude oil supply and chartering program; included the negotiating and drafting of voyage and time charters, contracts of affreightment, sub-freight agreements, and the shipping terms of the client’s crude oil sales agreements, as well as the development of the company’s general terms and conditions for its marine terminals

  • An Oil Major as lead counsel in connection with the US$600 million financing, construction, and long-term time charter of a series of double-hulled “Jones Act” products tankers; includes the reorganization and restructuring of this significant marine finance and construction project, involving four lending banks and 11 different shipyards/vendors

  • A Multinational lender as maritime counsel in the US$500 million financing, construction, and charter of a semi-submersible drilling platform to be built in Abu Dhabi and operated offshore Brazil; included review of all related engineering, design, and construction contracts that were subject to lender approval

  • An International LNG project developer as lead counsel in the acquisition and conversion of a 72,000-ton LNG tanker to a floating storage and regasification unit; included drafting and negotiating the EPC contract for the conversion

  • A Lender group as lead maritime counsel in the US$100 million construction financing for a newbuild Baker Marine Pacific Class jack-up drilling rig

  • An Oil Major as lead maritime counsel in the design, construction, and acquisition of four, purpose-built tractor-tugs and the negotiation of related agreements for third-party towage and emergency marine services

  • Citibank, N.A., as agent, in a $1 billion secured revolving credit facility to Transocean Inc.

  • Pacific Drilling Services, Inc. in a $1 billion senior secured credit facility agreement with a group of lenders to finance the construction, operation and other costs associated with two dynamically-positioned deepwater drillships

  • An Oil Major in a court-ordered mediation on claims for substantial losses arising from the cross-contamination of high-grade petrochemical cargoes and shoretank inventories, V&E lawyers obtained recovery for the client against the transporting vessel, receiving terminal, and cargo inspection service

  • An International steel conglomerate in which V&E admiralty litigators obtained judgment on partial findings at trial in a multi-million dollar cargo dispute involving competing interpretations of Incoterms and CISG obligations, and factual disputes related to the nature of the cargo loss