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Home Icon > About Us > News > To bid or not to bid: Credit bidding in vessel sales pendente lite

To bid or not to bid: Credit bidding in vessel sales pendente lite

Credit bidding is the process whereby a lender, with a secured charge over a borrower’s asset, bids on that asset using the very debt that is owed by the borrower to the lender. The circumstances are usually foreclosure of a lending position against a borrower. In the maritime sector, this process often takes place in ...

The post To bid or not to bid: Credit bidding in vessel sales pendente lite first appeared on Hellenic Shipping News Worldwide.

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Credit bidding is the process whereby a lender, with a secured charge over a borrower’s asset, bids on that asset using the very debt that is owed by the borrower to the lender. The circumstances are usually foreclosure of a lending position against a borrower. In the maritime sector, this process often takes place in ...

The post To bid or not to bid: Credit bidding in vessel sales pendente lite first appeared on Hellenic Shipping News Worldwide. [post_title] => To bid or not to bid: Credit bidding in vessel sales pendente lite [post_excerpt] => Credit bidding is the process whereby a lender, with a secured charge over a borrower’s asset, bids on that asset using the very debt that is owed by the borrower to the lender. The circumstances are usually foreclosure of a lending position against a ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => to-bid-or-not-to-bid-credit-bidding-in-vessel-sales-pendente-lite [to_ping] => [pinged] => [post_modified] => 2021-02-18 22:00:58 [post_modified_gmt] => 2021-02-18 22:00:58 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=855534 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )