In-Transit Inventory Financing: Key Issues for Shippers and Lenders
A live 90-minute CLE video webinar with interactive Q&A
This CLE webinar will review the legal issues that arise for both shippers/borrowers and for secured lenders when undertaking in-transit inventory financing. The panel will discuss key issues to be addressed in the credit agreement between a shipper/borrower and lender and what key provisions should be included in the agreements between a shipper/borrower and its third-party logistic providers, often required by lenders. The panel will also review the relevant shipping documents and the importance of managing the relationships with operational partners.
Outline
- Introduction: rise in the need for in-transit financing
- Common legal issues that arise in in-transit financing
- Key provisions of credit agreements
- Key provisions in shipper/borrower's contracts with third parties
Benefits
The panel will review these and other key issues:
- How can shippers/borrowers mitigate risks of in-transit inventory financing?
- What steps should lenders take to properly perfect in in-transit inventory?
- What are best practices for lenders' counsel to protect against third-party claims to in-transit inventory?
Faculty
Anthony C. Cianciotti
Shareholder
Baker Donelson
Mr. Cianciotti helps banks, other commercial lenders, and borrowers structure, negotiate and close secured loan... | Read More
Mr. Cianciotti helps banks, other commercial lenders, and borrowers structure, negotiate and close secured loan transactions. Clients rely on his attentive, client-centered approach to help navigate complex legal issues and find practical solutions to move transactions forward. A member of the Firm's Financial Services Transactions Group, he helps his clients provide or obtain the capital needed to support regional, national, and international businesses to succeed. His experience includes asset-based and cash-flow working capital facilities, equipment and acquisition financing, and venture debt and growth capital financing. He frequently advises clients in structuring credit agreements to allow for the financing of inventory manufactured outside the United States during the period that it is in transit to the United States. He has also helped develop novel, client-specific supply chain finance programs.
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Lisa M. Kresge
Partner
Brennan Scungio & Kresge
Ms. Kresge oversees the firm’s commercial finance and creditors’ rights practice. With a focus on... | Read More
Ms. Kresge oversees the firm’s commercial finance and creditors’ rights practice. With a focus on commercial finance, she represents businesses and financial institutions — including banks, credit unions, and mortgage servicers — in both transactional work and commercial litigation. Ms. Kresge handles corporate restructuring and creditors’ rights matters, representing secured creditors, trade claimants and other parties-in-interest in Chapter 7 and Chapter 11 bankruptcy and receivership cases in jurisdictions across the US. She routinely counsels commercial lenders and borrowers in connection with secured and unsecured credit facilities, asset-based financing, loan workouts, commercial and residential foreclosures and other lending and business transactions.
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Jonathan R. Todd
Vice Chair, Transportation & Logistics Practice Group
Benesch Friedlander Coplan & Aronoff
Clients call on Mr. Todd from across all points in the supply chain including the manufacturers, retailers, technology... | Read More
Clients call on Mr. Todd from across all points in the supply chain including the manufacturers, retailers, technology companies, carriers, forwarders, and brokers to address issues ranging from regulatory licenses and permits, establishing relationships with contractors or suppliers and customers, international trade compliance, safety training and threat awareness, implementation of practical operational paperwork, claims handling and incident response, government investigations and enforcement, to litigation or arbitration for the disputes that arise. An industry thought leader, Mr. Todd’s articles or quotes by journalists have been published over 130 times and he has presented over 50 times at conferences in the U.S. and Canada.
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