Legal Services to support the Shipbuilding Credit Guarantee Scheme (SCGS)
Who
| Buyer | Department for International Trade — not a council we hold |
| Supplier | Dentons UK and Middle East LLP |
What
The supplier will be required to commit to the following. - Advising on the creation of and producing template documentation for the purpose of the Shipbuilding Credit Guarantee Scheme based on UKEF's Standard Buyer Loan Guarantee product by incorporating (i) provisions relevant to ship finance secured transactions (including but not limited to ship finance security specific provisions) and (ii) scheme specific requirements including (but not limited to) 80/20 split, premium normally being payable from loan interest (as per Export Development Guarantee Facilities Agreement). - Advising on and producing a pre and post-delivery secured ship finance template facilities agreement (long-form facility agreement) in line with shipping market practice and a template DBT guarantee to be used in the delivery of the UK government's Shipbuilding Credit Guarantee Scheme (SCGS). Both the template facility agreement and the template guarantee will be based on the UK Export Finance (UKEF) Development Guarantee documentation which includes UKEF specific policy requirements.
Dates and source
| Runs | 6 Feb 2024 to 19 Mar 2024 |
| OCID | ocds-b5fd17-e3bb18ac-28e5-4973-aa35-f3c93f844ccf |
| Notice | Read it on Contracts Finder |
Figures are as published An award value in OCDS may be a framework ceiling rather than a sum anyone expects to spend, so a large figure here is not evidence of a large purchase.