Awards

Nikhil Datta Managing associate

Contact details

Nikhil Datta

Nikhil Datta
Managing associate

T: +44 20 7809 2367 M: +44 7733 125 759 Email Nikhil | vCard Office: London

Nikhil is a managing associate working on all aspects of shipping and offshore energy projects including construction, conversion, financing, restructuring, sale and purchase, chartering and operational matters for types of vessels and offshore assets.
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Nikhil's practice covers all aspects of shipping and offshore energy projects including construction, conversion, financing, sale and purchase, chartering and operational matters. He has experience acting for a wide range of international clients including owners, charterers, operators, commodity trading firms and investors such as leasing companies, banks and investor funds.

Nikhil also has contentious experience acting for financiers in relation to enforcement for defaults under financing arrangements.

Nikhil’s past experience includes working in the commercial domain of the shipping industry in India, particularly in Mumbai and Gujarat.

  • Ship and offshore finance
  • Yacht and superyacht
  • Shipbuilding and offshore construction

Lenders

Acting for an investment fund in the financing and re-financing of 17 dry bulk vessels for a German owner.

Acting for the German lenders in respect of re-financing, delivery and subsequent restructuring (resulting from COVID-19) of ECA backed loan facilities in excess of €400 million for three new built expedition cruise vessels.

Acting for a Swiss bank is relation to re-financing of two RoRo Vessels.

Sale and leaseback financing

Acting for the lessors in transactions with three different large ship owners for sale and leaseback of a total of 14 new build product tankers.

Acting for Trafigura in relation to the construction, sale and leaseback of up to 32 new build crude oil and product tankers (consisting of Medium Range (MR) tankers, LR2s and Suezmax tankers) which will be built in both Korea and China with a value in excess of US$1.35 billion.

Acting for lessor on sale and leaseback arrangements in relation to financing a series of LNG fuelled vessels.

Loan portfolio transactions

Acting for an American bank and an investment fund, in relation to their (joint) purchase of a portfolio of shipping loans from a UK bank. Assisted in due diligence, advisory and re-structuring of loans following the successful purchase of the portfolio valued in excess of US$600 million.

Acting for major German bank in the sale of its shipping loan portfolio in excess of US$1 billion.

Offshore unit finance

Acting for lenders, including Norwegian and Danish banks, in respect of re-financing of loan facilities in excess of US$450 million for a fleet of seven offshore drilling rigs.

Acting for Japanese owners/borrowers in respect of re-financing of loan facilities in excess of US$500 million for a fleet of five jack up platforms including work in respect of deployment of certain platforms into offshore wind projects in Japan.

Acting for a Houston based NYSE listed owner and operator in relation to financing arrangements and EPC contracts for ownership and delivery of two ultra-deepwater, 20k psi drillships (US$2.2 billion plus).

Bond subscription

Acting for an investment fund in the financing of five chemical tankers for Cyprus based owner by a bond issue.

Enforcement

Acting for an American bank and an investment fund (in joint venture), in relation to enforcement options (in a complex factual scenario) following non-payment by the borrower of the loan.

Construction

Advising a Middle East based client, as buyer and owner, in relation to the construction and delivery contracts and refund guarantees of a super-yacht (in excess of 180metres) to be constructed in Italy.

Management and operations

Regularly acting for managers and brokers in respect of various aspects in relation to yachts and superyachts management and operation including negotiating of charters, management agreements and agreements relating to financing arraignments.

Conversion and re-fit

Acting for buyers/owners in their project for purchase of an offshore supply unit and conversion into an explorer yacht.

Sale and purchase

Acting for buyers in respect of the sale of the superyacht MY Tatoosh.

Enforcement

Advising a UK bank in relation to enforcement options following non-payment by the borrower and guarantor of the loan (€80 million plus) provided for financing a super-yacht.

More: Yacht and superyacht

Offshore construction

Acting for a Houston based NYSE listed owner and operator in relation to EPC contracts, financing arrangements, the corporate structuring for ownership and delivery of two ultra-deepwater, 20k psi drillships (US$2.2 billion plus).

LNG projects

Acting for Golar in their sale of the FSRU Golar Tundra and related agreements for deployment in Italy for Snam.

Acting for EXMAR in their sale of Tango FLNG to Eni for use in Congo and related agreements for O&M and conversion.

Advising owners in relation to a FSRU project in El-Salvador on the services contracts to be entered with the JV partner.

LNG tender

Advising a NYSE listed owner on a major LNG Shipping tender from Qatar Petroleum in respect of construction and chartering of LNG vessels.

Shipbuilding

Advising buyers/owners and shipyards in relation to construction contracts, refund guarantees, registration and delivery of all types of vessels.

More: Shipbuilding and offshore construction

  • Banks and banking
  • Offshore

Lenders

Acting for an investment fund in the financing and re-financing of 17 dry bulk vessels for a German owner.

Acting for the German lenders in respect of re-financing, delivery and subsequent restructuring (resulting from COVID-19) of ECA backed loan facilities in excess of €400 million for three new built expedition cruise vessels.

Acting for a Swiss bank is relation to re-financing of two RoRo Vessels.

Sale-and-lease back financing

Acting for the lessors in transactions with three different large ship owners for sale and leaseback of a total of 14 new build product tankers.

Acting for Trafigura in relation to the construction, sale and leaseback of up to 32 new build crude oil and product tankers (consisting of Medium Range (MR) tankers, LR2s and Suezmax tankers) which will be built in both Korea and China with a value in excess of US$1.35 billion.

Acting for lessor on sale and lease back arrangements in relation to financing a series of LNG fuelled vessels.

Loan portfolio transactions

Acting for an American bank and an investment fund, in relation to their (joint) purchase of a portfolio of shipping loans from a UK bank. Assisted in due diligence, advisory and re-structuring of loans following the successful purchase of the portfolio valued in excess of US$600 million.

Acting for major German bank in the sale of its shipping loan portfolio in excess of US$1 billion.

Offshore unit finance

Acting for lenders, including Norwegian and Danish banks, in respect of re-financing of loan facilities in excess of US$450 million for a fleet of seven offshore drilling rigs.

Acting for Japanese owners/borrowers in respect of re-financing of loan facilities in excess of US$500 million for a fleet of five jack up platforms including work in respect of deployment of certain platforms into offshore wind projects in Japan.

Acting for a Houston based NYSE listed owner and operator in relation to financing arrangements and EPC contracts for ownership and delivery of two ultra-deepwater, 20k psi drillships (US$2.2 billion plus).

More: Banks and banking

Sale and purchase

Acting for an investment fund in their acquisition of a semi-submersible drilling rig (US$400 million plus).

Acting for a prominent owner in sale and purchase of two jack-up rigs.

Acting for Vantage Drilling in respect of the sale of three drilling rigs (as share purchase) to ADES Arabia Holding and related management agreements post sale.

Offshore drilling project

Acting for a drilling operator in respect of their projects in Gulf of Mexico, Caspian Sea and Black Sea, from development and structuring stage uptill contract negotiations.

Offshore construction

Acting for a Houston based NYSE listed owner and operator in relation to EPC contracts, financing arrangements, the corporate structuring for ownership and delivery of two ultra-deepwater, 20k psi drillships (US$2.2 billion plus).

LNG projects

Acting for Golar in their sale of the FSRU Golar Tundra and related agreements for deployment in Italy for Snam.

Acting for EXMAR in their sale of Tango FLNG to Eni for use in Congo and related agreements for O&M and conversion.

Advising owners in relation to a FSRU project in El-Salvador on the services contracts to be entered with the JV partner.

LNG tender

Advising a NYSE listed owner on a major LNG Shipping tender from Qatar Petroleum in respect of construction and chartering of LNG vessels.

More: Offshore

Awards

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