. They are specialized in transactions in the maritime market with funding and guarantees. It is Important the lending of banks to shipowners for the purchase of ships, which amounts to a very large sums of money. It must be taken into account that the purchase of an average size vessel, e.g. panamax, 75-80,000 tons, has a manufacturing cost of USD 28-30,000,000 as well as a Liquified natural gas carrier (LNG) may cost USD 150-200,000,000 (year 2015).
Comments: There is a considerable number of banks operating in the shipping sector at the big maritime centers of the world, such as New York, London, Piraeus etc. These banks, in order to carry out their transactions with borrowers and control the repayment of loans, have persons with special maritime knowledge.