Page 34: of Maritime Reporter Magazine (December 1991)

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

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