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Legal Services to support the Shipbuilding Credit Guarantee Scheme (SCGS)

Department for International Trade Published 4 Mar 2024 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£135,000
Statuscomplete
Category (CPV) 79100000
Deadline5 Feb 2024
Contract start6 Feb 2024
Contract end19 Mar 2024
Procedureselective
SME suitableNo
OCIDocds-b5fd17-e3bb18ac-28e5-4973-aa35-f3c93f844ccf

Award

SupplierValueDateStatus
Dentons UK and Middle East LLP £135,000 6 Feb 2024 active

description

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.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
4 Mar 2024 Award (award) · efc7adec-9e6c-4a68-9dde-7abd5f5df68d-728529

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