Published 1981-10-10
Keywords
- Shipping Registration Act 1981,
- ship financing,
- leveraged lease financing,
- FOB terms,
- CIF terms
- flag of convenience,
- industrial action,
- Merchant Shipping Act 1894,
- 1958 Convention on the High Seas,
- stamp duty ...More
Abstract
This article delves into ship financing in Australia, and consists of four sections: a) background, b) the Shipping Registration Act 1981, c) leveraged lease financing, and finally d) observations for the future. The author notes that the article is to be read in the context of the current trend towards fixing mineral export contracts on CIF terms in preference to FOB terms, and pressure from Australian maritime unions for increased Australian flag participation in the Australian export trade.