Published date: 4 March 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 5 February 2024, 12pm

Contract summary

Industry

  • Legal services - 79100000

Location of contract

EC4M 7WS

Value of contract

£135,000

Procurement reference

tender_409167/1311311

Published date

4 March 2024

Closing date

5 February 2024

Closing time

12pm

Contract start date

6 February 2024

Contract end date

19 March 2024

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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.

More information

Attachments

Award information

Awarded date

6 February 2024

Contract start date

6 February 2024

Contract end date

19 March 2024

Total value of contract

£135,000

This contract was awarded to 1 supplier.

Dentons UK and Middle East LLP

Address

One Fleet Place London EC4M 7WS

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Department for Business and Trade

Address

Old Admiralty Building, Whitehall
London
SW1A 2DY
England

Email

buyinglegalservices@businessandtrade.gov.uk