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Maritime Finance Global Leader
BBC Program
Finance for ship introduction
BBC Program
The BBC (bareboat) program is a transaction type of leasing ships purchased and owned by the KOBC to shipping companies.
Feature and Benefit
- Minimize capital investment upon ship introduction: Securing high-priced ships by paying a small fee, such as the initial rental fee
- Flexible leasing: Profit route expedited standby period
- Minimization: Securing necessary ships within a brief period without waiting for construction period (order → delivery)
- Solution to resale value risk: Avoiding ship price fluctuation risk by returning ships at the end of a lease period
Main financial conditions (Example of conditions)
| Classification | Details |
|---|---|
| Financial structure | Principle of investment through ship investment companies according to the Ship Funds under Ship Investment Company Act |
| Ship fund management | Management companies perform duties of shipowners as a shipowner's agent and ship fund manager |
| Target ship | Planning for negotiate with shipping companies |
| Purchase amount | Within 100% of ship price valuation amount |
| Ship price evaluation | Planning to negotiate with shipping companies |
| Lease period | Considering business structure within the residual useful life |
| Charterage | Estimation in consideration of purchase amount, the estimated residual value and company's credit rating |
| Collection method | Monthly pre-collection |
