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The Third Annual Conference January 28-29, 1992 • The Park Lane Hotel • New York City I ^ Institute for InternationaI Research FINANCE Mi lfcM 1*45 U:M 2.M 2:3* 3.-M JANUARY 28,1992 CHAIRPERSON'S OPENING REMARKS: Marlene D. Daniels, Partner Hffl, MU * Nash Recant Environmental Laws and Regulations - Han They Affected the Availability at Ship Finance? 11-.3B 12.-M 11:3* EVALUATING THE DESIRABILITY OP PROJECTS AND RELEVANT COST FACTORS • The challengee in raising capital for tomorrow's fleet • Will fir,*™-,*! institutions impose tigh^r credit standard? • What arc the implications of environmental regulation Cor shipowners and bankers? Adrian W. Doherty, Jr, Managing Director J. P. Morgan * Co. Bruce Lambie, Deputy Maturing Director Dan norske lank, PLC ATTRACTING CAPITAL AND MAINTAINING INVESTOR CONFIDENCE Don Kendall, Managing Director Kendall Capital Partner! Edmond Lincoln, Vice Preeldent Kidder Peabody 4k Co, Inc. CaffeaTTaa IS THERE ANY FUTURE FOR PUBLICLY TRADED SHIPPING STOCKS-HOW MANY CANDIDATES ARE THERE? • What an the characteristics of likely successes? • What appeals to institutional invostors? • How can tfac shipping industry tap into public money? Joel Pack, Senior Vice Prealdent Sbaaraoa Lehman Brothers THE SHIPYARDS' PERSPECTIVE - YARD CREDITS, YARD RISKS • Tide XI - Pumrc pos.ibflil»s? • How can Ex-Im Bank provide a basis Car ship fmsncc A nal L lie case • New buildings: What a in demand? • The intact of subsidy Tl- an diip finance John Stacker, President Ship Bidders Council of America LEASING: ALIVE OR NOT? • Has the fear of liability effectively elrmmard ship Leasing? • b there any profit left in leasing? • Tut considerations for shipowners Charles S. Wasaell Assistant General Counael PLM International, Inc. Luacbeea for Speakers and Delegates THE VIEW FROM CONGRESS A Representative of the Committee on Merchant Marine A Fisheries, United States House of Representatives Changes In the Structures of Ship Financing Transactions by Reason of Increased Environmental Regulation THE IMPACT OF OIL CLEAN-UP AND RESPONSE ON SHIP FINANCE Charles Fabrlkant, President Senear Holdings, Inc. WHAT ARE FINANCIERS REQUIRING BORROWERS DO DIFFERENTLY? • Waiientius and covenants...Do they mean mose "control*? • Strategies for borrowers to meet new financing requirements • What aspocts of s borrower's business are finenesses scrutinizing for pollution concerns? Gary J. Wolfe, Partner Hill, Betts * Nash INSURERS' RESPONSES TO THE EVOLVING NEEDS OF SHIPOWNERS AND LENDERS IN LIGHT OF RECENT DEVELOPMENTS • What ia adequate coverage today? • Ase these new products reeponsro to industry needs? 3:45 4*« 4:36 5:15 5:36 9:15 16:36 11:M 11:15 • Reducing risk factm through insurance • What should a diipowner require? Eric Caristrom, Vice Preeldent Alexander * Alexander, Inc. Michael Northman, Assistant Director I Jk Hlggllll CefTewTaa WHAT SHIPOWNING STRUCTURES ARE BEING DEVELOPED IN RESPONSE TO ENVIRONMENTAL CONCERNS • What can new structures really aocoo^iMi? • Riamnlee of effective shipowner structures Sue A. Wright, Partner DOES VESSEL FLAG MATTER? IS CHEAPER VESSEL REGISTRATION WORTH IT? • Whet ere the environmental responsibilities of the Plag State? Guy L.C. Mai land, President International Registries, Inc. Class of Day One COCKTAIL RECEPTION Spoaaared hy: HILL, BEITS * NASH JANUARY 29,1992 CHAIRPERSON'S COMMENTS: Marlene D. Daniels, Partner Hill, Betts * Nash Current Issues In Ship Finance • What's New? US. FLAG SHIPPING • AND EVERYONE USED TO THINK IT WAS BORING? - AN OVERVIEW Eugene McCormfck, President Lytue Brothers Steamship Co, Inc. . AN AMERICAN INTERNATIONAL SHIP REGISTRY?. WHO'S INTERESTED IN ILS. FLAG? • Are there real • Who is supportive? David Fobea, Larry Ruthowskl, Partners HU1, Betts* Nash - THE FUTURE OF ILS. FLAG BULK SHIPPING Philip Shapiro, President Liberty Maritime Corp. RAISING CAPITAL THROUGH INTERNATIONAL MARKETS AND CROSS NATIONAL LISTINGS Elnar J. Greve Oeio Stock Exchange Caffea/Taa EASTERN EUROPE AND THE SOVIET UNION: OPPORTUNITY OR CHAOS? • What is the future of joint ventures between the East and West? " What is die condition of and how large are the fleets of Eastern Europe and the Soviet Unkai? Hilary Wild, Assistant Director KW In wort Be neon 11:45 IS CANADA THE NEXT LAND OF OPPORTUNITY? • Ship finance been a Canadian j • Vancouver, s new i • Recerx changrs in Tax Laws Pierre Cote, Partner Ogllvy Renault Bruce C. Bell, Partner Russell * DuMoulIn 12:15 L—chaon for Speakers and Delegates WASHINGTON—THE WILD CARD IN THE GAME OF SHIP FINANCE Philip J. Loree, Chairman Federation of American Controlled Shipping 1:45 SHIPPING AND THE EQUITIES MARKETS Changing self liquidating funds inn peimaueia structures Problems with regulation disclosures and projections of 2:15 ]:M 3:15 3:45 4:15 Richard B. Tehnaa, Partner Winston Jk Straws A NEW LOOK AT STRATEGIC ALLIANCES IN SHIP OWNERSHIP AND MANAGEMENT Political issue* _ How do jou* ventures work out? What new joint venture structures see being developed? Examples of successful joait veeauree Are tax hmnfjti a principal motivation? The proa Hid cons of shared fmanring AN OWNER'S PERSPECTIVE ON JOINT VENTURES Jack Goldstein, President OMI A LAWYER'S VIEW OF JOINT VENTURES Richard Bareett, Partner Height, Gardner, Poor * Havens Coffee/Tea CREATIVE USE OF CROSS BORDER TRANSACTIONS FOR LOWERING INTEREST RATE COSTS JJL Lawrence, PubUeher Marine Money btaraational ASSET SECURITIZATION • IS IT RELEVANT? What new plavets are in the market? What types of deals ere being developed? Market supply and rtnmand Risk>Kcwerd considerations Barbara C. Hewson, Partner Wataea, Farley A Wlllfcms End of Conference J3& FOR MORE INFORMATION CALL: (212) 126-1264 OR OUTSIDE NEW YORK (*••) 345-M16 or Fai (212) (26-6411 Please send me information on the Ship Finence Confeeence Please register the fallowing dolegsto(s) for the 3rd Annual Ship Finance Conference st SI 195 Name _ Positkn_ Company _ Adrbess City Stale CourSry_ -ZiP- Telephone ( Keyoode • UAD Send your complete farm to: Conference Administrator In*"t
