FUND

SUMMARY

3

The discrete fund is the first of its kind under the VCC-regime led by a team of industry-leading shipping experts including a global shipping chief executive, finance specialists and Swiss asset managers; co-founders of Blair Road Capital Pte. Ltd.

The fund management company Blair Capital Pte Ltd is licensed by the Monetary Authority of Singapore.

The team has a combined 100 years of experience in operating, financing, sourcing and structuring ship assets; as well as more than 50 years experience in structuring and managing assets and alternate investments for private and institutional investors.

Investment Theme

Maritime industry and marine assets worldwide.

Minimum Fund Size

$10 million (USD)

Minimum Commitment

$100,000 (USD)
per Accredited Investor

Subscription Schedule

Open-ended fund

Benchmark

SoniShares Global Shipping ‘BOAT’ ETF

Redemption Schedule

Annual Redemption with a 3 Months’ notice before the publication of the NAV on December 31.

Confirmation period of 10 days after the publication of the NAV.

Payout within 3 months of publication on the NAV.

Fund Domicile

Singapore

Fund Managers: Swiss

Fund Management Company: Blair Road Capital Pte. Ltd., Singapore

License type: Capital Market Services, regulated by Monetary Authority of Singapore

Administrator and Custodian

Corporate FinEdge Pte. Ltd., OCBC Bank Singapore

Vessel Types1

General Cargo Ship

  • Small gaps between ship and quay to minimize outreach of cranes
  • Large change of draft between laden and empty conditions
  • May occupy berths for long periods Coastal cargo vessels may berth without tug assistance

RoRo Ship

  • Ships have own loading ramps – usually stern, slewed or side doors
  • High lateral and/or transverse berthing speeds Manoeuvrability at low speeds may be poor End berthing impacts often occur
  • Many different shapes, sizes and condition of beltings

Bulk Carrier

  • Close to berth face to minimize shiploader outreach
  • Possible need to warp ships along berth for shiploader to change holds
  • Large change of draft between laden and empty conditions
  • Require low hull contact pressures unless belted

Passenger (Cruise) Ship

  • Small draft change between ladenand empty
  • White or light colored hulls are easily marked
  • Flared bows are prone to strike shore structures
  • Require low hull contact pressures unless belted

Container Ship

  • Flared bows are prone to strike shore structures
  • Increasing ship beams needs increase crane outreach
  • Some vessels have single or multiple beltings
  • Bulbous bows may strike front piles of structures at large berthing angles
  • Require low hull contact pressures unless belted

Ferry

  • Quick turn around needed
  • High berthing speeds, often with end berthing
  • Intensive use of berth
  • Berthing without tug assistance
  • Many different shapes, sizes and condition of beltings

Oil Tanker

  • Need to avoid fire hazards from sparks or friction
  • Large change of draft between laden and empty conditions
  • Require low hull contact pressures
  • Coastal tankers may berth without tug assistance

Gas Carrier
(not excluding LPG/LNG)

  • Need to avoid fire hazards from sparks or friction
  • Shallow draft even at full load
  • Require low hull contact pressures
  • Single class of vessels using dedicated facilities
  • Manifolds not necessarily at midships position

1 Source: Trelleborg Group

Disclaimer

This website with information provided by Marine Fund I, a sub-fund of BRCAP ASIA VCC, registered with the Monetary Authority of Singapore (“ Marine Fund I”), should not be deemed an offer to sell nor a solicitation of an offer to buy an interest in any of the products described herein. Interests in these products may only be offered by mean of Private Placement Memorandum or Confidential Mandate for the relevant product. Investment in the products highlighted herein are suitable only for Accredited Investors, Qualified Purchasers or Qualified Clients who fully understand and are willing to assume the risks involved. Investors may lose all or substantial part of their investment. Index information is provided for illustrative purpose only and is not intended to imply that the portfolios were similar to any index either in composition or element of risk. Indices are unmanaged and generally do not reflect reinvestments of income and dividends or the impact of management fees and expenses. The website contains forward-looking and back-looking statements that involve substantial risks and uncertainties and actual results and developments may differ materially from those expressed or implied by these statements or a variety of factors. No reliance may be placed for any purposes whatsoever on the information contained in this website or on its completeness. No representation or warranty, express or implied, is given by or on behalf of Marine Fund I. The information and any opinions contained in this document are provided as at the date of this presentation and are subject to updating, revision, verification, and amendment and such information may change without notice. This website and its contents are confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. Certain financial results presented herein are unaudited and may be subject to adjustments. Past performance may not be indicative of future results. The viewing of this website in certain jurisdictions may be restricted. This website has not been reviewed by the Monetary Authority of Singapore (MAS). The information contained herein has been obtained from sources believed to be reliable and in good faith. Marine Fund I cannot guarantee or be held financially or legally liable for the accuracy, completeness or correctness of the information contained in this website. Investing is associated with risk. Specific risks related to maritime investing include general economic externalities, vessel condition, construction and performance risks, charter rate variability, operating cost variability, applicable tax variability, exchange rate variability, fungibility, arrests, vessel value variability, counterparty risks, risks associated with activities of state and non-state actors, and other risk factors. All investors must be prepared that such investments may result in monetary losses. Anyone who uses this website as a basis for investing at a later time, must ensure that all relevant and updated information is obtained. The information in this website is only valid per date of preparation. Possible investors are encouraged to review all relevant sources thoroughly before investing.