Shippingandshipfinance

Finance&
investment
Maritime

Energy Natural
resources
Transport Realestate ICT
Corporate Finance Tax Dispute
resolution
Employment Regulatory
London NewYork Paris Hamburg
Munich
Frankfurt
Milan
Rome
Madrid Athens Singapore Bangkok HongKong
wfw.com
Contents
01 Ourapproach
02 Shipping
03 Ourshippingfinancepractice
04 Otherservicesfortheshippingindustry
05 Offshore
06 Shippingfinanceexperience
07 Shippingcorporateexperience
08 Shippinglitigationexperience
09 Offshoreexperience
10 Recommendations
11 Principalofficesforourshippingpractice
12 Ouroffices
01 OURAPPROACH
Ourapproach
Watson,Farley&Williamsisaleading
internationallawfirmwithofficesinmajor
financialcentresinEurope,AsiaandtheUSA.
Wehavetheskillstomanageawiderange
ofcorporateandfinancetransactions,and
disputes,andtoprovideourclientswiththe
highqualityadvicetheyrequire.Wehave
teamswhichareintegratedacrosslegal
disciplinesandofficessothataconsistent
levelofservicecanbeprovidedonall
matters,ineachjurisdictionandin
combinationacrossborders.

Wecontinuallyinvestindevelopingour
expertiseandreputationinthesectorswe
knowbest:Finance&Investment,Maritime,
Energy,NaturalResources,Transport,Real
EstateandICT.

Weestablishcandid,openrelationships
withourclientsandtakethetimeto
understandtheirbusinesses.Wegenerally
workinsmall,partnerledteamswhereour
sectorknowledgeandexperienceenableus
toprovideeffective,commerciallyfocused
advice.
Watson,Farley&Williams Shippingandshippingfinance
Conlenls
01 Ouraroacl
02 Sliing
03 Oursliingfinanceraclice
04 Ollerservicesforllesliinginduslry
05 Offslore
06 Sliingfinanceexerience
07 Sliingcororaleexerience
08 SliingIiligalionexerience
09 Offsloreexerience
10 Recommendalions
11 IrinciaIofficesforoursliingraclice
12 Ouroffices
01 OURAIIROACH
Ouraroacl
Walson,IarIey&WiIIiamsisaIeading
inlernalionaIIavfirmvillofficesinma|or
financiaIcenlresinIuroe,AsiaandlleUSA.
WelavelleskiIIslomanageaviderange
ofcororaleandfinancelransaclions,and
disules,andlorovideourcIienlsvilllle
liglquaIilyadvicelleyrequire.Welave
leamsvliclareinlegraledacrossIegaI
disciIinesandofficessollalaconsislenl
IeveIofservicecanberovidedonaII
mallers,ineacl|urisdiclionandin
combinalionacrossborders.

WeconlinuaIIyinveslindeveIoingour
exerliseandreulalioninlleseclorsve
knovbesl:Iinance&Inveslmenl,Marilime,
Inergy,NaluraIResources,Transorl,ReaI
IslaleandICT.

WeeslabIislcandid,oenreIalionslis
villourcIienlsandlakellelimelo
underslandlleirbusinesses.WegeneraIIy
vorkinsmaII,arlnerIedleamsvlereour
seclorknovIedgeandexerienceenabIeus
lorovideeffeclive,commerciaIIyfocused
advice.
Walson,IarIey&WiIIiams Sliingandsliingfinance
Shipping Ourshippingfinancepractice
02 SHIPPING 03 OUR SHIPPINGFINANCEPRACTICE
Watson,Farley&Williamshasoneofthe
largestdedicatedshippinglegalpracticesin
theworld.Ouroriginsareinshipfinance:
ithasbeenanintegralpartofthefirmsince
westartedbusinessin1982.Wehavean
intimateknowledgeofthisareaandhave
specialistlawyersacrossournetworkof
internationaloffices.
Ourspecialistshippingfinanceteamincludes
22partnersandover45othershippingfinance
lawyersprovidingincisive,commercially
drivenadviceoneveryaspectofinternational
shippingfinancetoclientsacrosstheworld.
ApartfromourlargeLondonteam,wehave
apresenceinallthemajorshippingcentres
andcanofferintegratedcrossborderadvice
includingallaspectsofshipfinance,leasing,
corporateandcommercialcontracts,tax
andlitigation.Withclientsrangingfrom
ownersandoperatorstotheleading
financialinstitutionsandtheabilitytooffer
adviceonEnglish,French,German,Spanish,
Italian,Greek,Russian,Thai,NewYork,
LiberianandMarshallIslandslaw,noother
practicecanmatchourscopeandrangeof
servicestothissectorofthemarket.
Wehavealwayshadastrongreputationfor
providingclientswithinnovative,
crossbordersolutionsintheshipping
sector.Weregardourselvesasprovidinga
fullservicetothemaritimesectorrather
thanservicinganyparticularniche.

Ourpracticegoesbeyondpuremaritime
transportandincludesexpertiseinrelated
sectorssuchasoffshoreoilandgas,LNG,
portsandlogisticsandcruiseandferries.

Thisexperiencehasgivenusaccesstoand
contactsinprincipalshippingmarketsin
theAmericas,ScandinaviaandtheBaltic,
Greece,theMiddleEast,RussiaandAsia.

Thelastyearhasseenadramatically
differentandunsettledclimateinallareasof
shippingandthishasdemonstratedthe
depth,experienceandflexibilityofour
shippingteam:wehavebeenadvisingon
newprojectsandmanydistressed
situations.

Ourglobalcoverageandextensive
experiencemeansclientsbenefitfromfirst
classsupportincomplex,crossborder
transactions.Theseclientsincludemore
than150internationalbanksandfinancial
institutions,corporations,governmentsand
governmentalagencieswhocollectively
dominatetheworldsshippingmarkets.
Wehaveindepthexperienceacrossour
officeswhichincludes

newbuildingandsecondhandship
financing
domesticandcrossborderfinanceleasing
structuredfinanceandsecuritisations
operatingleasesandotheroffbalance
sheetfinancing
syndication,securitisationandassetsales
creditenhancementstructures
insurancepolicies,includingcreditwraps
andassetprotection
shipsaleandpurchases
newbuildingcontracts
vesselemployment(charterparties,COAs,
poolsetc)
taxation
maritimelegislation
workouts.
Watson,Farley&Williams Shippingandshippingfinance
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Sliing Oursliingfinanceraclice
02 SHIIIIN 03 OUR SHIIIIN IINANCIIRACTICI
Walson,IarIey&WiIIiamslasoneoflle
IargesldedicaledsliingIegaIraclicesin
llevorId.Ouroriginsareinslifinance:
illasbeenaninlegraIarlofllefirmsince
veslarledbusinessin1982.Welavean
inlimaleknovIedgeofllisareaandlave
seciaIislIavyersacrossournelvorkof
inlernalionaIoffices.
OurseciaIislsliingfinanceleamincIudes
22arlnersandover45ollersliingfinance
Iavyersrovidingincisive,commerciaIIy
drivenadviceoneveryaseclofinlernalionaI
sliingfinancelocIienlsacrossllevorId.
AarlfromourIargeLondonleam,velave
aresenceinaIIllema|orsliingcenlres
andcanofferinlegraledcrossborderadvice
incIudingaIIaseclsofslifinance,Ieasing,
cororaleandcommerciaIconlracls,lax
andIiligalion.WillcIienlsrangingfrom
ovnersandoeralorslolleIeading
financiaIinslilulionsandlleabiIilylooffer
adviceonIngIisl,Irencl, erman,Sanisl,
IlaIian, reek,Russian,Tlai,NevYork,
LiberianandMarslaIIIsIandsIav,nooller
raclicecanmalclourscoeandrangeof
serviceslollisseclorofllemarkel.
WelaveaIvaysladaslrongreulalionfor
rovidingcIienlsvillinnovalive,
crossbordersoIulionsinllesliing
seclor.WeregardourseIvesasrovidinga
fuIIservicelollemarilimeseclorraller
llanservicinganyarlicuIarnicle.

Ourraclicegoesbeyonduremarilime
lransorlandincIudesexerliseinreIaled
seclorssuclasoffsloreoiIandgas,LN ,
orlsandIogislicsandcruiseandferries.

Tlisexeriencelasgivenusaccessloand
conlaclsinrinciaIsliingmarkelsin
lleAmericas,ScandinaviaandlleaIlic,
reece,lleMiddIeIasl,RussiaandAsia.

TleIaslyearlasseenadramalicaIIy
differenlandunsellIedcIimaleinaIIareasof
sliingandllislasdemonslraledlle
dell,exerienceandfIexibiIilyofour
sliingleam:velavebeenadvisingon
nevro|eclsandmanydislressed
silualions.

OurgIobaIcoverageandexlensive
exeriencemeanscIienlsbenefilfromfirsl
cIasssuorlincomIex,crossborder
lransaclions.TlesecIienlsincIudemore
llan150inlernalionaIbanksandfinanciaI
inslilulions,cororalions,governmenlsand
governmenlaIagenciesvlocoIIecliveIy
dominalellevorIdssliingmarkels.
Welaveindellexerienceacrossour
officesvliclincIudes

nevbuiIdingandsecondlandsli
financing
domeslicandcrossborderfinanceIeasing
slrucluredfinanceandsecurilisalions
oeralingIeasesandolleroffbaIance
sleelfinancing
syndicalion,securilisalionandasselsaIes
credilenlancemenlslruclures
insuranceoIicies,incIudingcredilvras
andasselroleclion
slisaIeandurclases
nevbuiIdingconlracls
vesseIemIoymenlclarlerarlies,COAs,
ooIselc
laxalion
marilimeIegisIalion
vorkouls.
Walson,IarIey&WiIIiams Sliingandsliingfinance
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04 OTHERSERVICESFORTHESHIPPINGINDUSTRY 05 OFFSHORE
Otherservicesforthe
shippingindustry
Ourtaxpractice
Wehavetaxspecialistsintheprincipal
jurisdictionswhoareexperiencedin
structuringandotherissueswhicharisein
themaritimesectorandworkcloselywith
ourcorporateandfinancelawyers.

Ourdisputeresolutionpractice
WehavelitigationspecialistsinLondon,
NewYork,Hamburg,Singapore,Bangkok
andHongKong whoseexperienceisrooted
inthemaritimesectorandarefamiliarwith
allthecommercialandotherissueswhich
ownersandinvestorsfaceintheindustry.

Wecoverthefullrangeofdisputeresolution
services,incourtlitigation,arbitrationand
mediation.Weareexperiencedathandling
crossborderdisputesand
multijurisdictionalmattersandhave
managedarbitrationsinalltheprincipal
internationalarbitrationcentresin
theworld.
Ourcorporatepractice
Wehavecorporateandcommerciallawyers
inallourofficeswhohaveexpertiseinthe
maritimesectorandareabletoprovidea
widerangeoflegalsupporttoshipowners
andinvestors.

Weareabletoadviseon:

mergersandacquisitions

corporatefinance

securitiestransactions

privateequity

jointventuresandstrategicalliances

intellectualproperty

commercialcontracts

employmentlaw

competitionandregulatorylaw.
Complementingtheshipfinancepractice
Watson,Farley&Williamsisabletooffertoits
clientsintheshippingindustryotherareasof
expertiserequiredtosupporttheirbusinesses.
Theseencompass:
Ouroffshorepractice
Ourshippingspecialistsarealsoexperiencedinadvising
intheoffshoreoilandgassectors;thisoriginatesfrom
activityintheNorthSeaandSEAsiabuthasincluded
advisinginprojectsandoperationsworldwideincluding
USGulf,Brazil,WestAfricaandAustralia.Thismeansthat
wecanprovide,financialinstitutions,offshoreoperators
andcontractorswitheffectiveadviceoneverything,from
corporateandequipmentfinancing,contractsandtax
planning,throughtoarbitrationandlitigation.

Weadviseon:

explorationandproduction projectfinance

projectfinance

acquisitionandconstructionofoffshoreunits

offshoresupportandservices.

Offshore
Ourenergypractice
Ourshippingandoffshorepracticeshavealsoledustothe
broaderenergysector.

WehaveconsiderableexperienceintheLNGsector,from
workingwithshippingclientsinthetransportationof
LNGthroughtothedevelopmentofregasificationunits
andterminals.

Powergenerationandinparticularrenewableenergy
hasrecentlybecomeamajorsectorforWatson,Farley&
Williams.Wehavedevelopedaspecialisminadvisingon
offshorewindprojectsandarecurrentlyinvolvedina
numberofsuchprojectsinNWEurope,particularlytheUK
andGermany.

WehavespecialistsinallourEuropeanoffices(covering
UK,Germany,France,Spain,ItalyandGreece)andin
Singaporewhoadvisedevelopers,investorsandfinanciers
onrenewableenergyprojects.
Watson,Farley&Williams Shippingandshippingfinance
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04 OTHIRSIRICISIORTHISHIIIIN INDUSTRY 05 OIISHORI
Ollerservicesforlle
sliinginduslry
Ourlaxraclice
WelavelaxseciaIislsinllerinciaI
|urisdiclionsvloareexeriencedin
slrucluringandollerissuesvliclarisein
llemarilimeseclorandvorkcIoseIyvill
ourcororaleandfinanceIavyers.

OurdisuleresoIulionraclice
WelaveIiligalionseciaIislsinLondon,
NevYork,Hamburg,Singaore,angkok
andHongKong vloseexerienceisrooled
inllemarilimeseclorandarefamiIiarvill
aIIllecommerciaIandollerissuesvlicl
ovnersandinveslorsfaceinlleinduslry.

WecoverllefuIIrangeofdisuleresoIulion
services,incourlIiligalion,arbilralionand
medialion.WeareexeriencedallandIing
crossborderdisulesand
muIli|urisdiclionaImallersandlave
managedarbilralionsinaIIllerinciaI
inlernalionaIarbilralioncenlresin
llevorId.
Ourcororaleraclice
WelavecororaleandcommerciaIIavyers
inaIIourofficesvlolaveexerliseinlle
marilimeseclorandareabIelorovidea
viderangeofIegaIsuorllosliovners
andinveslors.

WeareabIeloadviseon:

mergersandacquisilions

cororalefinance

securilieslransaclions

rivaleequily

|oinlvenluresandslralegicaIIiances

inleIIecluaIroerly

commerciaIconlracls

emIoymenlIav

comelilionandreguIaloryIav.
ComIemenlinglleslifinanceraclice
Walson,IarIey&WiIIiamsisabIeloofferloils
cIienlsinllesliinginduslryollerareasof
exerliserequiredlosuorllleirbusinesses.
Tleseencomass:
Ouroffsloreraclice
OursliingseciaIislsareaIsoexeriencedinadvising
inlleoffsloreoiIandgasseclorsllisoriginalesfrom
aclivilyinlleNorllSeaandSIAsiabullasincIuded
advisinginro|eclsandoeralionsvorIdvideincIuding
US uIf,raiI,WeslAfricaandAuslraIia.Tlismeansllal
vecanrovide,financiaIinslilulions,offsloreoeralors
andconlraclorsvilleffecliveadviceoneverylling,from
cororaleandequimenlfinancing,conlraclsandlax
Ianning,llrouglloarbilralionandIiligalion.

Weadviseon:

exIoralionandroduclion ro|eclfinance

ro|eclfinance

acquisilionandconslruclionofoffsloreunils

offsloresuorlandservices.

Offslore
Ourenergyraclice
OursliingandoffsloreracliceslaveaIsoIeduslolle
broaderenergyseclor.

WelaveconsiderabIeexerienceinlleLN seclor,from
vorkingvillsliingcIienlsinllelransorlalionof
LN llrougllolledeveIomenlofregasificalionunils
andlerminaIs.

IovergeneralionandinarlicuIarrenevabIeenergy
lasrecenlIybecomeama|orseclorforWalson,IarIey&
WiIIiams.WelavedeveIoedaseciaIisminadvisingon
offslorevindro|eclsandarecurrenlIyinvoIvedina
numberofsuclro|eclsinNWIuroe,arlicuIarIylleUK
and ermany.

WelaveseciaIislsinaIIourIuroeanofficescovering
UK, ermany,Irance,Sain,IlaIyand reeceandin
SingaorevloadvisedeveIoers,inveslorsandfinanciers
onrenevabIeenergyro|ecls.
Walson,IarIey&WiIIiams Sliingandsliingfinance
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06 SHIPPING FINANCEEXPERIENCE 07 SHIPPINGCORPORATE EXPERIENCE
Shippingfinanceexperience Shippingcorporateexperience

HSHNordbank
Advisingrestructuring
lendersledbyHSH
Nordbankinconnectionwith
TuftonOceanics
acquisitionofa50%interest
inAlloceanCharters,
Singapore.
Teekay
AssistingTeekayinrelation
toseveralprojectsandtheir
financinginthetanker,LNG
andFPSOsectors,including
thefinancingoftheFPSO
PetrojarlVargandthe
projecttoconvertmvArtic
SpiritintoanFLNGplant
forKitimatinCanada.
ExportImportBankof
China
AdvisingChinaEximona
financingandtimecharter
structureforVLCCstobe
builtinChinaforClipper
subsidiaries,financedby
ChinaEximandtime
charteredtoSinochem.
ExportImportBankof
Korea
AdvisingKEXIMinrelation
toaUS$142mfinancingfor
twoVLCCstobebuiltat
STXPanOcean.
StandardCharteredBank
AdvisingStandard
CharteredBankona
financingtoContender
Marine,whichwasnamed
BestShippingDebtDealof
theYearinAfricabyJanes
TransportFinanceAwards
2008.
BritanniaBulk
ActingforNordeaand
LloydsTSBasprincipal
lendersinrelationtothe
collapseandinsolvencyof
BritanniaBulkinOctober
2008andthedisposalofits
fleet.
Dealheadingthatgoesover
twolines
Nitnisciblametveriustrud
elenibheugiat.Tetautad
dignaadiametalisitacipit
ulputamdipitwisnitnulput
wislinullacoremacidismod
duiblafeuguedolorerilipis
imveniathendrer
aesseniat.
BruneiGasCarriers
ActingforBruneiGas
Carriersonarranginga
US$505msecuredIslamic
financefacilityfortwo
newbuildLNGvessels.
INGBankN.V.(Amsterdam)
AdvisingINGBankN.V.
(Amsterdam)ona
syndicatedloanofUS$500m
providedby11bankstojoint
venturecompaniesowned
byEuronavNVofBelgium
andOverseasShipholding
GroupofDelaware.
PreciousShipping
ActingforPreciousShipping
ofThailandinrelationtoa
US$100mcreditfacility
arrangedbyDnBNORfor
thefinancingof
secondhandvessel
acquisitions.
CitibankN.A.
AdvisingCitibankN.A.on
theurgentstructuringofa
ParticipationGuaranteeand
correspondingindemnity
arrangementsinrelationto
theprovisionofaUS$150m
ParticipationStandby
FacilitytoTuiAGandits
associatedcompany
(HapagLloydAG).
CitibankN.A.
AdvisingCitibankas
arrangerinconnectionwith
aUS$850mpreandpost
deliveryfinancing
supportedbyEksportfinans
ofNorwayandKEICof
Korea foraniceclass
drillshipforStena.
DistressedSituations
Advisinganumberof
CoordinatingCommittees
organisedbythelendersto
certainmajorshipping
groupsinfinancial
difficulties,includinginthe
containershipsector.
NYKandSovcomflot
AdvisingNYKand
Sovcomflotonajoint
venturefortheconstruction,
ownershipandfinancingof
twoLNGvesselsforthe
SakhalinIIproject.
Allocean
AdvisingAlloceanonthe
restructuringofitsshipping
portfolio,includingthesplit
oftheportfoliobetween3
AlloceanChartering
companiesandUS$500m
seniorandUS$60mjunior
debtfinancings.
JosdeMelloSGPS
AdvisingJosdeMello
SGPSontheUS$415msale
ofitsshippingbusiness,
Soponata,toGeneral
MaritimeCorporation.
Wallem
AdvisingWoodstreet
InvestmentsB.V.onits
acquisitionoftheWallem
Groupandrelated
acquisitionfinancing,
shareholderandinvestment
arrangements.
CondorFerries
Advisingthevendoronthe
150+mmanagement
buyout(MBO)byexisting
managementofthe
CommodoreGroup,backed
byABNAMROCapitaland
seniordebtfunding
providedbyRoyalBankof
Scotland.
EastwindGroup
AdvisingtheEastwind
Grouponitsacquisitionof
OceanShippingCompany
ofGeorgiaforaround
US$150mincludingdebt
(oneofthelargestGeorgian
privatisationstodate).

FarEasternShipping
CompanyPlc.
AdvisingFarEastern
ShippingCompanyPlc.in
connectionwithits
acquisitionofa70%stakein
ESFEuroservices,which
operatesthreecontainer
linefeederservices
betweennorthcontinental
EuropeandtheBalticSea.
Aban
AdvisingAbanofIndiaon
itsacquisitionofa39.5%
shareholdinginSinvestASa
quotedNorwegiandrilling
rigownerwithfiverigs
underconstructionin
Singaporeandthereafterits
offerforallexistingshares.
Tallink
Advisingasyndicateof
banksonthefinancingof
theacquisitionbyTallinkin
EstoniaofSeaContainers
FinnishferrybusinessSilja
Line.
MPCCapital
Actinginrelationtoan
equityinvestmentina
projectinBrazilfor
constructionofasemi
submersibledrillingunitand
longtermcharteringofthe
unittoPetrobasatatotal
projectcostofabout
US$600m.
KLine
AdvisingKLineonajoint
venturetosupplyLNG
vesselsinconnectionwith
theIndonesianTangguh
project.
ShippingCorporationof
India
AdvisingSCIinrelationto
itsjointventureforLNG
projectsinIndiawithMitsui
OSK,NYKandKLineand
thefinancingoftheir
newbuildingvessels.
Watson,Farley&Williams Shippingandshippingfinance
06 SHIIIIN IINANCIIIIRIINCI 07 SHIIIIN CORIORATI IIIRIINCI
Sliingfinanceexerience Sliingcororaleexerience

HSHNordbank
Advisingreslrucluring
IendersIedbyHSH
Nordbankinconneclionvill
TuflonOceanics
acquisilionofa50inleresl
inAIIoceanClarlers,
Singaore.
Teekay
AssislingTeekayinreIalion
loseveraIro|eclsandlleir
financinginllelanker,LN
andIISOseclors,incIuding
llefinancingoflleIISO
Ielro|arIargandlle
ro|eclloconverlmvArlic
SirilinloanILN Ianl
forKilimalinCanada.
IxorlImorlankof
Clina
AdvisingClinaIximona
financingandlimeclarler
slruclureforLCCslobe
buiIlinClinaforCIier
subsidiaries,financedby
ClinaIximandlime
clarleredloSinoclem.
IxorlImorlankof
Korea
AdvisingKIIMinreIalion
loaUS142mfinancingfor
lvoLCCslobebuiIlal
STIanOcean.
SlandardClarleredank
AdvisingSlandard
Clarleredankona
financingloConlender
Marine,vliclvasnamed
eslSliingDeblDeaIof
lleYearinAfricabyanes
TransorlIinanceAvards
2008.
rilanniauIk
AclingforNordeaand
LIoydsTSasrinciaI
IendersinreIalionlolle
coIIaseandinsoIvencyof
rilanniauIkinOclober
2008andlledisosaIofils
fIeel.
DeaIleadingllalgoesover
lvoIines
NilniscibIamelveriuslrud
eIenibleugial.Telaulad
dignaadiamelaIisilaciil
uIulamdiilvisnilnuIul
visIinuIIacoremacidismod
duibIafeuguedoIoreriIiis
imveniallendrer
aessenial.
runei asCarriers
Aclingforrunei as
Carriersonarranginga
US505msecuredIsIamic
financefaciIilyforlvo
nevbuiIdLN vesseIs.
IN ankN..Amslerdam
AdvisingIN ankN..
Amslerdamona
syndicaledIoanofUS500m
rovidedby11bankslo|oinl
venlurecomaniesovned
byIuronavNofeIgium
andOverseasSliloIding
rouofDeIavare.
IreciousSliing
AclingforIreciousSliing
ofTlaiIandinreIalionloa
US100mcredilfaciIily
arrangedbyDnNORfor
llefinancingof
secondlandvesseI
acquisilions.
CilibankN.A.
AdvisingCilibankN.A.on
lleurgenlslrucluringofa
Iarlicialion uaranleeand
corresondingindemnily
arrangemenlsinreIalionlo
llerovisionofaUS150m
IarlicialionSlandby
IaciIilyloTuiA andils
associaledcomany
HaagLIoydA .
CilibankN.A.
AdvisingCilibankas
arrangerinconneclionvill
aUS850mreandosl
deIiveryfinancing
suorledbyIksorlfinans
ofNorvayandKIICof
Korea foranicecIass
driIIsliforSlena.
DislressedSilualions
Advisinganumberof
CoordinalingCommillees
organisedbylleIenderslo
cerlainma|orsliing
grousinfinanciaI
difficuIlies,incIudinginlle
conlainersliseclor.
NYKandSovcomfIol
AdvisingNYKand
SovcomfIolona|oinl
venlureforlleconslruclion,
ovnersliandfinancingof
lvoLN vesseIsforlle
SaklaIinIIro|ecl.
AIIocean
AdvisingAIIoceanonlle
reslrucluringofilssliing
orlfoIio,incIudingllesIil
oflleorlfoIiobelveen3
AIIoceanClarlering
comaniesandUS500m
seniorandUS60m|unior
deblfinancings.
osdeMeIIoS IS
AdvisingosdeMeIIo
S ISonlleUS415msaIe
ofilssliingbusiness,
Soonala,lo eneraI
MarilimeCororalion.
WaIIem
AdvisingWoodslreel
Inveslmenls..onils
acquisilionoflleWaIIem
rouandreIaled
acquisilionfinancing,
slareloIderandinveslmenl
arrangemenls.
CondorIerries
Advisingllevendoronlle
150mmanagemenl
buyoulMObyexisling
managemenloflle
Commodore rou,backed
byANAMROCailaIand
seniordeblfunding
rovidedbyRoyaIankof
ScolIand.
Iaslvind rou
AdvisinglleIaslvind
rouonilsacquisilionof
OceanSliingComany
of eorgiaforaround
US150mincIudingdebl
oneoflleIargesl eorgian
rivalisalionslodale.

IarIaslernSliing
ComanyIIc.
AdvisingIarIaslern
SliingComanyIIc.in
conneclionvillils
acquisilionofa70slakein
ISIIuroservices,vlicl
oeralesllreeconlainer
Iinefeederservices
belveennorllconlinenlaI
IuroeandlleaIlicSea.
Aban
AdvisingAbanofIndiaon
ilsacquisilionofa39.5
slareloIdinginSinveslASa
quoledNorvegiandriIIing
rigovnervillfiverigs
underconslruclionin
Singaoreandllereaflerils
offerforaIIexislingslares.
TaIIink
Advisingasyndicaleof
banksonllefinancingof
lleacquisilionbyTaIIinkin
IsloniaofSeaConlainers
IinnislferrybusinessSiI|a
Line.
MICCailaI
AclinginreIalionloan
equilyinveslmenlina
ro|eclinraiIfor
conslruclionofasemi
submersibIedriIIinguniland
Ionglermclarleringoflle
unilloIelrobasalalolaI
ro|eclcoslofaboul
US600m.
KLine
AdvisingKLineona|oinl
venlurelosuIyLN
vesseIsinconneclionvill
lleIndonesianTanggul
ro|ecl.
SliingCororalionof
India
AdvisingSCIinreIalionlo
ils|oinlvenlureforLN
ro|eclsinIndiavillMilsui
OSK,NYKandKLineand
llefinancingoflleir
nevbuiIdingvesseIs.
Walson,IarIey&WiIIiams Sliingandsliingfinance
08 SHIPPINGLITIGATION EXPERIENCE 09 OFFSHOREEXPERIENCE
Shippinglitigationexperience Offshore experience

FarEasternShipping
Company(FESCO)
Actinginrelationtodelayed
deliveryandtechnical
disputewithAkerFinnyards
plcregardinganice
breakingsupportvessel.
OceanlinkoffshoreLimited
Advisinginrelationtoa
disputewithitsformer
managers.Areasatissue
concernterminationfees,
charterpartycommission
andbalanceof
managementaccounts
possiblyinvolvingissuesof
breachoffiduciary
duty/fraud.
BinaUsahaMaritim
Indonesia
Actingforshipownersin
connectionwith
liabilities/obligations/claims
arisingoutofacargofire
whichbrokeoutinacargo
ofCopraExpellerduringa
voyagefromIndonesiato
India.
PanShipping
Advisinginrelationtoa
charterpartyredelivery
disputeincludingoffhire.
PTPelayaranMeratus
Advisingshipownersin
relationtoissues/claims
arisingoutofarudder
failureduringaloaded
voyageleadingto
declarationofGA.
ParbulkAS
ActingforParbulkAS
againstKristenMarineSAin
asubstantialshipsaleand
purchasedisputerelatingto
adisputedcancellationby
Parbulkof4bulkcarriers
valuedinexcessof
US$200mandinvolving
substantialclaimsbyour
clientsforitslosses.
ThoresenThaiAgencies
PublicCompanyLimited
Advisingoneofthelargest
shipownersinThailandin
connectionwiththeearly
terminationoftwolongterm
contractsofaffreightment
worthinexcessofUS$50m.
FarEasternShipping
Company(FESCO)
Advisinginrelationto
contractsforthe
constructionofaseriesof
containershipsinPoland.
MPCMnchmeyerPetersen
MarineGmbH
Actinginadisputefora
GermanKGfund(asbuyer)
inrespectofthe
constructionandpurchase
of4bulkcarriersbeingbuilt
byaVietnameseshipyard.
AskReLimited
Advisinginrelationto
claimsmadeforthe
wrongfulrepudiationofa
commoditiescontractand
relatedclaimsfor
demurrage.
WallemCommercial
ServicesLtd
Advisingownersina
disputearisingfroma
frustratedshipsaleand
purchaseagreementforthe
saleofliquefiedgascarriers
operatingintheMiddleEast.
OMICorp.
ActinginLondonarbitration
againstAthenianSea
Carriersrelatingtoa
disputedpurchaseoftheoil
tankerCaptainKyriakou,
partofafleetpurchaseofin
excessofUS$2.4bn.
GolarLNG
AdvisingGolarLNGinthe
negotiationswithPetrobras
ofthetermsofthelong
termtimecharterparties
andoperatingandservice
agreementsinrespectof2
LNGfloatingstorageand
regasificationvesselsfor
Petrobrasprojectfor
deliveryofregasifiedLNG.
IranMarineIndustrial
Company
ActingforIranMarine
IndustrialCompanyina
US$120mdisputeregarding
delayeddeliveryoftwo
offshoregasplatforms
underconstructioncontract
resultinginanICC
arbitrationagainstEniBV.
StarCapital
AdvisingStarCapitalonits
prospectiveacquisitionofa
portfolioofoffshorelogistics
vesselsforusein
connectionwiththeoffshore
windsector.
CICCreditIndustrielet
Commercial
AdvisingCICinrelationto
anexportcreditfacility
providedbyEksportfinans
(ofNorway),guaranteedby
GIEKandasupporting
commercialbankfacilityto
financeanoffshoresupport
vesselconstructedin
Norway.
Oil&GasCompany
Advisingontheoperationof
anFLNGunitinAustralia
andIndonesiaintheareas
ofimport/export,ownership
structures,taxissues,
registration/deregistration
oftheFLNG,compliance
withrelevantjurisdiction
andinternational
conventions.
InternationalOil&Gas
ServicesCompany
Actingforourclientinthe
raisingofadditionalfinance
ofamobileoffshore
productionprojectviaa
privateequityfinancing
underaleasingstructure
involvingaShariacompliant
headleaseandsublease.
Oilcompany
Advisingontheplacement,
employmentandoperation
ofanFLNGunit.Including
import/export,ownership
structures,taxissues,
registration/deregistration,
compliancewithlawsofthe
relevantjurisdictionand
internationalconvention
compliance.

HeghLNG
AdvisingHeghLNGon
regasificationprojects
offshoreUKutilising
onboardregasificationinto
purposebuiltinfrastructure
forbothdeliveryofnatural
gastoshoreand,possibly,
offshoregasstorage.
MPCCapital
ActingforMPCCapitalin
relationtoaUS$600mequity
investmentinaprojectfor
theconstructionbySBMofa
semisubmersibledrilling
unitandlongterm
charteringoftheunitto
Petrobasforemployment
offshoreBrazil.
ExcelerateEnergy
AdvisingExcelerateEnergy
onthecommercialand
constructionagreementsfor
auniquegasimportproject
intotheportatTeesside,
UK.Theworldsfirstproject
enabledonboard,inport
regasifiedLNGtobe
deliveredstraightintothe
NTS.
SevanDrillingPteLtd
AdvisingSevanDrillingPte
LtdontheUS$400m
financingofSevanMarines
deepwaterdrillingrig,from
mandatedleadarrangers.
INGBankN.V.
Advisingonasyndicated
loanofUS$500mprovided
by11bankstojointventure
companiesownedby
EuronavNVandOverseas
ShipholdingGroup,Inc.This
facilitywillfinancethe
acquisition,conversionand
operationoftwofloating
storageoffloadingvessels.
Watson,Farley&Williams Shippingandshippingfinance
08 SHIIIIN LITI ATION IIIRIINCI 09 OIISHORIIIIRIINCI
SliingIiligalionexerience Offslore exerience

IarIaslernSliing
ComanyIISCO
AclinginreIalionlodeIayed
deIiveryandleclnicaI
disulevillAkerIinnyards
Icregardinganice
breakingsuorlvesseI.
OceanIinkoffsloreLimiled
AdvisinginreIalionloa
disulevillilsformer
managers.Areasalissue
concernlerminalionfees,
clarlerarlycommission
andbaIanceof
managemenlaccounls
ossibIyinvoIvingissuesof
breacloffiduciary
dulyfraud.
inaUsalaMarilim
Indonesia
Aclingforsliovnersin
conneclionvill
IiabiIiliesobIigalionscIaims
arisingoulofacargofire
vliclbrokeoulinacargo
ofCoraIxeIIerduringa
voyagefromIndonesialo
India.
IanSliing
AdvisinginreIalionloa
clarlerarlyredeIivery
disuleincIudingofflire.
ITIeIayaranMeralus
Advisingsliovnersin
reIalionloissuescIaims
arisingoulofarudder
faiIureduringaIoaded
voyageIeadinglo
decIaralionof A.
IarbuIkAS
AclingforIarbuIkAS
againslKrislenMarineSAin
asubslanliaIslisaIeand
urclasedisulereIalinglo
adisuledcanceIIalionby
IarbuIkof4buIkcarriers
vaIuedinexcessof
US200mandinvoIving
subslanliaIcIaimsbyour
cIienlsforilsIosses.
TloresenTlaiAgencies
IubIicComanyLimiled
AdvisingoneoflleIargesl
sliovnersinTlaiIandin
conneclionvilllleearIy
lerminalionoflvoIonglerm
conlraclsofaffreigllmenl
vorllinexcessofUS50m.
IarIaslernSliing
ComanyIISCO
AdvisinginreIalionlo
conlraclsforlle
conslruclionofaseriesof
conlainerslisinIoIand.
MICMnclmeyerIelersen
Marine mbH
Aclinginadisulefora
ermanK fundasbuyer
inresecloflle
conslruclionandurclase
of4buIkcarriersbeingbuiIl
byaielnamesesliyard.
AskReLimiled
AdvisinginreIalionlo
cIaimsmadeforlle
vrongfuIreudialionofa
commodiliesconlracland
reIaledcIaimsfor
demurrage.
WaIIemCommerciaI
ServicesLld
Advisingovnersina
disulearisingfroma
fruslraledslisaIeand
urclaseagreemenlforlle
saIeofIiquefiedgascarriers
oeralinginlleMiddIeIasl.
OMICor.
AclinginLondonarbilralion
againslAllenianSea
CarriersreIalingloa
disuledurclaseoflleoiI
lankerCalainKyriakou,
arlofafIeelurclaseofin
excessofUS2.4bn.
oIarLN
Advising oIarLN inlle
negolialionsvillIelrobras
ofllelermsoflleIong
lermlimeclarlerarlies
andoeralingandservice
agreemenlsinreseclof2
LN fIoalingslorageand
regasificalionvesseIsfor
Ielrobrasro|eclfor
deIiveryofregasifiedLN .
IranMarineInduslriaI
Comany
AclingforIranMarine
InduslriaIComanyina
US120mdisuleregarding
deIayeddeIiveryoflvo
offsloregasIalforms
underconslruclionconlracl
resuIlinginanICC
arbilralionagainslIni.
SlarCailaI
AdvisingSlarCailaIonils
rosecliveacquisilionofa
orlfoIioofoffsloreIogislics
vesseIsforusein
conneclionvilllleoffslore
vindseclor.
CICCredilInduslrieIel
CommerciaI
AdvisingCICinreIalionlo
anexorlcredilfaciIily
rovidedbyIksorlfinans
ofNorvay,guaranleedby
IIKandasuorling
commerciaIbankfaciIilylo
financeanoffsloresuorl
vesseIconslrucledin
Norvay.
OiI& asComany
Advisingonlleoeralionof
anILN unilinAuslraIia
andIndonesiainlleareas
ofimorlexorl,ovnersli
slruclures,laxissues,
regislralionderegislralion
oflleILN ,comIiance
villreIevanl|urisdiclion
andinlernalionaI
convenlions.
InlernalionaIOiI& as
ServicesComany
AclingforourcIienlinlle
raisingofaddilionaIfinance
ofamobiIeoffslore
roduclionro|eclviaa
rivaleequilyfinancing
underaIeasingslruclure
invoIvingaSlariacomIianl
leadIeaseandsubIease.
OiIcomany
AdvisingonlleIacemenl,
emIoymenlandoeralion
ofanILN unil.IncIuding
imorlexorl,ovnersli
slruclures,laxissues,
regislralionderegislralion,
comIiancevillIavsoflle
reIevanl|urisdiclionand
inlernalionaIconvenlion
comIiance.

HeglLN
AdvisingHeglLN on
regasificalionro|ecls
offsloreUKuliIising
onboardregasificalioninlo
urosebuiIlinfraslruclure
forbolldeIiveryofnaluraI
gaslosloreand,ossibIy,
offsloregasslorage.
MICCailaI
AclingforMICCailaIin
reIalionloaUS600mequily
inveslmenlinaro|eclfor
lleconslruclionbySMofa
semisubmersibIedriIIing
unilandIonglerm
clarleringoflleunillo
IelrobasforemIoymenl
offsloreraiI.
IxceIeraleInergy
AdvisingIxceIeraleInergy
onllecommerciaIand
conslruclionagreemenlsfor
auniquegasimorlro|ecl
inlolleorlalTeesside,
UK.TlevorIdsfirslro|ecl
enabIedonboard,inorl
regasifiedLN lobe
deIiveredslraigllinlolle
NTS.
SevanDriIIingIleLld
AdvisingSevanDriIIingIle
LldonlleUS400m
financingofSevanMarines
deevalerdriIIingrig,from
mandaledIeadarrangers.
IN ankN..
Advisingonasyndicaled
IoanofUS500mrovided
by11bankslo|oinlvenlure
comaniesovnedby
IuronavNandOverseas
SliloIding rou,Inc.Tlis
faciIilyviIIfinancelle
acquisilion,conversionand
oeralionoflvofIoaling
slorageoffIoadingvesseIs.
Walson,IarIey&WiIIiams Sliingandsliingfinance
10 RECOMMENDATIONS 11 PRINCIPALOFFICESFOROURSHIPPINGPRACTICE
Recommendations
ChambersEurope,2010
...combinesstrengthin
allaspectsofasset
financingwithan
indepthknowledgeof
themarineindustry.
Lloyd sList24thMarch,2010
....alawfirmwitha
pedigreeinthe
shippingindustry,and
itisapedigreethathas
stooditingoodstead
intodaysturbulent
market.
Legal500UK,2008
Ashipfinancegiant,
WFWoutstripsthe
majorityofthe
competitionandis
instructedbyastellar
portfolioofleading
banksandowners.
[WFW]isrecognised
foritsshipfinance
prowess,anditscross
practicegroupis
recommendedforits
commerciality,sector
knowledgeand
support.
Legal500AsiaPacific,2012
ChambersDirectoryUK,2010
Abignameinmarine
work,Watson,Farley
&Williamshasan
energyandnatural
resourcespractice
spanningrenewables,
oilandgas,and
mining.
Legal500UK,2010

Astandoutfirmonthe
shipfinanceside.
ChambersUK,2011
Theshippingfinance
practice...is
indisputablytoptier.
Legal500DirectoryUK,2009
recommendedfor
shippingdisputes...
claimsbetweenowners
andshipyards,and
betweendifferent
ownersand
charterers.
highlytalented,
diligentand
hardworkingship
financepractice.
Legal500AsiaPacific,2012
ChambersEurope,2011
Thegroupwinspraise
foritsfantasticlevel
ofunderstandingof
theglobalshipping
industry.
ChambersGlobal,2011
Thisfirmiswidely
recognisedasa
preeminentplayerin
shippingfinance.
ChambersDirectoryUK,2010
Thefirmhasa
personalapproachand
indepthknowledgeof
theownersand
operatorsinthe
market.
ChambersDirectoryUK,2008
...headandshoulders
abovetherestofthe
marketandoffering
awinning
combinationof
specialistknowledge,
experienceanddepth.
ChambersGlobal,2011
Aheavyweightin
shippingfinance,this
firmishighlysought
afterbybanks,
borrowersand
lessees.
Principalofficesforour
shippingpractice

London

Ourfirstandhead
office,whichhashalf
thefirmsfeeearners,
withshippingfinance,
corporate,taxand
litigationspecialists.
Singapore

Ourpracticeadvises
onshippingfinance,
projectdevelopment
andlitigationin
SingaporeandEnglish
law.
Rome

Wehaveasmallbut
successfulItalianlaw
shippingandshipping
financeteaminRome.
NewYork

Foundedin1990with
shippingexpertisein
finance,corporate,
litigationandtax,
coveringNewYork
andUSFederallaw.

Piraeus

WeopenedinPiraeus
in1984andprovide
EnglishandGreeklaw
adviceonshippingand
energymatters.
Madrid

Madridstartedin
November2009and
hasagrowingSpanish
lawcorporateand
financecapability.
Hamburg

Wehaveover 45
lawyersinHamburg
providingGermanand
Englishlawadvice
coveringshipping,tax,
financeandcorporate.
Paris

OurParisoffice
provideFrenchlaw
andEnglishlawadvice
tofinancialinstitutions,
ownersandoperators
intheshippingsector.
Bangkok

Weofferafullrangeof
ThaiandEnglishlaw
services,including
experienceinshipping.
HongKong

Ourshippingpractice
inHongKongprovides
EnglishandHong
Konglawadvice
to owners,financiers
andcharterers.
Watson,Farley&Williams Shippingandshippingfinance
10 RECOMMENDATIONS 11 PRINCIPALOFFICESFOROURSHIPPINGPRACTICE
Recommendations
ChambersEurope,2010
...combinesstrengthin
allaspectsofasset
financingwithan
indepthknowledgeof
themarineindustry.
Lloyd sList24thMarch,2010
....alawfirmwitha
pedigreeinthe
shippingindustry,and
itisapedigreethathas
stooditingoodstead
intodaysturbulent
market.
Legal500UK,2008
Ashipfinancegiant,
WFWoutstripsthe
majorityofthe
competitionandis
instructedbyastellar
portfolioofleading
banksandowners.
[WFW]isrecognised
foritsshipfinance
prowess,anditscross
practicegroupis
recommendedforits
commerciality,sector
knowledgeand
support.
Legal500AsiaPacific,2012
ChambersDirectoryUK,2010
Abignameinmarine
work,Watson,Farley
&Williamshasan
energyandnatural
resourcespractice
spanningrenewables,
oilandgas,and
mining.
Legal500UK,2010

Astandoutfirmonthe
shipfinanceside.
ChambersUK,2011
Theshippingfinance
practice...is
indisputablytoptier.
Legal500DirectoryUK,2009
recommendedfor
shippingdisputes...
claimsbetweenowners
andshipyards,and
betweendifferent
ownersand
charterers.
highlytalented,
diligentand
hardworkingship
financepractice.
Legal500AsiaPacific,2012
ChambersEurope,2011
Thegroupwinspraise
foritsfantasticlevel
ofunderstandingof
theglobalshipping
industry.
ChambersGlobal,2011
Thisfirmiswidely
recognisedasa
preeminentplayerin
shippingfinance.
ChambersDirectoryUK,2010
Thefirmhasa
personalapproachand
indepthknowledgeof
theownersand
operatorsinthe
market.
ChambersDirectoryUK,2008
...headandshoulders
abovetherestofthe
marketandoffering
awinning
combinationof
specialistknowledge,
experienceanddepth.
ChambersGlobal,2011
Aheavyweightin
shippingfinance,this
firmishighlysought
afterbybanks,
borrowersand
lessees.
Principalofficesforour
shippingpractice

London

Ourfirstandhead
office,whichhashalf
thefirmsfeeearners,
withshippingfinance,
corporate,taxand
litigationspecialists.
Singapore

Ourpracticeadvises
onshippingfinance,
projectdevelopment
andlitigationin
SingaporeandEnglish
law.
Rome

Wehaveasmallbut
successfulItalianlaw
shippingandshipping
financeteaminRome.
NewYork

Foundedin1990with
shippingexpertisein
finance,corporate,
litigationandtax,
coveringNewYork
andUSFederallaw.

Piraeus

WeopenedinPiraeus
in1984andprovide
EnglishandGreeklaw
adviceonshippingand
energymatters.
Madrid

Madridstartedin
November2009and
hasagrowingSpanish
lawcorporateand
financecapability.
Hamburg

Wehaveover 45
lawyersinHamburg
providingGermanand
Englishlawadvice
coveringshipping,tax,
financeandcorporate.
Paris

OurParisoffice
provideFrenchlaw
andEnglishlawadvice
tofinancialinstitutions,
ownersandoperators
intheshippingsector.
Bangkok

Weofferafullrangeof
ThaiandEnglishlaw
services,including
experienceinshipping.
HongKong

Ourshippingpractice
inHongKongprovides
EnglishandHong
Konglawadvice
to owners,financiers
andcharterers.
Watson,Farley&Williams Shippingandshippingfinance
12 OUROFFICES 13 OUROFFICES
Ouroffices
UK
London
15AppoldStreet
LondonEC2A2HB
Tel:+442078148000
Fax:+442078148141
USA
NewYork
1133Avenueofthe
Americas
NewYork,NY10036
Tel:+12129222200
Fax:+12129221512
Germany
Hamburg
Jungfernstieg51
20354Hamburg
Tel:+49408000840
Fax:+4940800084410
Munich
Gewrzmhlstrae11
80538Munich
Tel:+49892370860
Fax:+4989237086222
Frankfurt
Ulmenstrae3739
60325FrankfurtamMain
Tel:+49692972910
Fax:+496977075800
France
Paris
26,avenuedes
ChampsElyses
75008Paris
Tel:+33156882121
Fax:+33156882120
Italy
Rome
PiazzaNavona,49
2ndFloorint2/3
00186Rome
Tel:+39066840581
Fax:+390668892717
Milan
PiazzadelCarmine4
20121Milan
Tel:+39027217071
Fax:+390272170720
Spain
Madrid
MariadeMolina,4
28006Madrid
Tel:+34915156300
Fax:+34915631630
Greece
Athens
6thFloor,BuildingB,
348SyngrouAvenue,
Kallithea17674,
Athens
Tel:+302104557300
Fax:+302104594004
Singapore
Singapore
6BatteryRoad#2800
Singapore049909
Tel:+6565325335
Fax:+6565325454
Thailand
Bangkok
Unit902,9thFloor,
GPFWitthayuTowerB
93/1,WirelessRoad
Patumwan,Bangkok
10330
Tel:+6626657800
Fax:+6626657888
China
HongKong
Units17031707
OnePacificPlace
88Queensway
HongKong
Tel:+85221686700
Fax:+85229189777
1000001020LON28/11/2013
AllreferencestoWatson,Farley&WilliamsandthefirminthisbrochuremeanWatson,Farley&
WilliamsLLPand/oritsaffiliatedundertakings.Anyreferencetoapartnermeansamemberof
Watson,Farley&WilliamsLLP,oramemberorpartnerinanaffiliatedundertaking,oranemployee
orconsultantwithequivalentstandingandqualification.Thetransactionsandmattersreferredto
inthispublicationrepresenttheexperienceofourlawyers.

ThisbrochureisproducedbyWatson,Farley&Williams.Itprovidesasummaryofthelegalissues,
butisnotintendedtogivespecificlegaladvice.Thesituationdescribedmaynotapplytoyour
circumstances.Ifyourequireadviceorhavequestionorcommentsonitssubject,pleasespeakto
yourusualcontactatWatson,Farley&Williams.

Thispublicationconstitutesattorneyadvertising.
Watson,Farley&Williams2013
Watson,Farley&Williams Shippingandshippingfinance
12 OUROIIICIS 13 OUROIIICIS
Ouroffices
UK
London
15AoIdSlreel
LondonIC2A2H
TeI:442078148000
Iax:442078148141
USA
NevYork
1133Avenueoflle
Americas
NevYork,NY10036
TeI:12129222200
Iax:12129221512
ermany
Hamburg
ungfernslieg51
20354Hamburg
TeI:49408000840
Iax:4940800084410
Municl
evrmlIslrae11
80538Municl
TeI:49892370860
Iax:4989237086222
Irankfurl
UImenslrae3739
60325IrankfurlamMain
TeI:49692972910
Iax:496977075800
Irance
Iaris
26,avenuedes
ClamsIIyses
75008Iaris
TeI:33156882121
Iax:33156882120
IlaIy
Rome
IiaaNavona,49
2ndIIoorinl23
00186Rome
TeI:39066840581
Iax:390668892717
MiIan
IiaadeICarmine4
20121MiIan
TeI:39027217071
Iax:390272170720
Sain
Madrid
MariadeMoIina,4
28006Madrid
TeI:34915156300
Iax:34915631630
reece
Allens
6llIIoor,uiIding,
348SyngrouAvenue,
KaIIillea17674,
Allens
TeI:302104557300
Iax:302104594004
Singaore
Singaore
6alleryRoad-2800
Singaore049909
TeI:6565325335
Iax:6565325454
TlaiIand
angkok
Unil902,9llIIoor,
IIWilllayuTover
931,WireIessRoad
Ialumvan,angkok
10330
TeI:6626657800
Iax:6626657888
Clina
HongKong
Unils17031707
OneIacificIIace
88Queensvay
HongKong
TeI:85221686700
Iax:85229189777
1000001020LON28112013
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