Reciprocal Transfer of LNG Carrier and VLCC Assets Between H-Line Shipping and SK Shipping

Lee & Ko advised on an asset transfer transaction involving the reciprocal transfer of LNG carriers and very large crude carriers (VLCCs) owned by H-Line Shipping and SK Shipping, together with the related contracts of carriage and financing agreements. The transaction involved dozens of large vessels and numerous related contracts, giving rise to a range of complex issues. Additional issues arose when armed conflict broke out in the Middle East immediately before signing.

Lee & Ko provided precise legal analysis and practical advice, enabling the parties to address the associated risks and execute the transaction documents successfully.