{"id":2384,"date":"2026-08-20T18:39:46","date_gmt":"2026-08-20T18:39:46","guid":{"rendered":"https:\/\/www.legalbabu.com\/learn\/?p=2384"},"modified":"2026-08-20T18:45:52","modified_gmt":"2026-08-20T18:45:52","slug":"loan-for-purchasing-ship","status":"publish","type":"post","link":"https:\/\/www.legalbabu.com\/learn\/loan-for-purchasing-ship\/","title":{"rendered":"How to Get Ship Finance in India: Eligibility, Documents and Application Process"},"content":{"rendered":"\n

Buying a commercial vessel is unlike purchasing an ordinary vehicle or machine. The asset may operate across jurisdictions, earn in a foreign currency, require periodic class surveys and face volatile freight, bunker and insurance costs. A <\/span>loan for purchasing ship<\/b> assets is therefore appraised as a combination of corporate credit, project cash flow and movable-asset finance.<\/span><\/p>\n\n\n\n

In India, the lender examines both the borrower and the vessel. It may review the promoter\u2019s shipping experience, audited accounts, existing debt and equity contribution alongside the ship\u2019s age, class, flag, market value, charter employment, technical condition and resale prospects. The lender also needs an enforceable security package and a clear route to registration, insurance and regulatory compliance.<\/span><\/p>\n\n\n\n

This guide explains <\/span>ship finance in India<\/b> for businesses considering a newbuild, a second-hand merchant vessel, an offshore support vessel, a coastal vessel or, where a specific lender product permits it, a fishing vessel. It does not assume that every bank finances every vessel type. Credit policy, facility size, pricing, margin, security and approval time remain lender- and transaction-specific.<\/span><\/p>\n\n\n\n

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