Offshore Project Guarantees | NNRV Trade Partners
✔ Specialized risk mitigation for marine projects | 25M−1B+ coverage | 30+ offshore-experienced banks & insurers | 60-90 day structuring | Full marine compliance (IMO, SOLAS, MARPOL)
⚠️ Facing unprecedented risks in your offshore development?
A wind farm developer recently secured €420M in guarantees covering 18 unique marine risks – enabling financial close for the first floating wind array in Mediterranean waters.
🧠 « NNRV’s offshore guarantee package addressed risks traditional banks wouldn’t touch – from subsea cable protection to typhoon season contingencies. Their marine expertise was invaluable. »
— Project Director, Floating Wind Consortium
Offshore Guarantee Solutions
1. Marine Construction Guarantees
Covers delays/cost overruns during installation
Key Risks: Weather downtime, vessel availability
Tenor: Construction period + 12 months
2. Offshore Performance Bonds
Ensures operational output metrics
Key Risks: Subsea equipment failure
Tenor: 5 years post-commissioning
3. Specialized Marine Covers
Hull & Machinery: Vessel/cable protection
Pollution Liability: Oil/Chemical spills
Wreck Removal: Decommissioning assurance
4. Force Majeure Guarantees
Monsoon/Typhoon: Seasonal disruptions
Piracy Protection: High-risk zones
Naval Activity: Military exclusion zones
5. Offshore Supply Guarantees
Secures equipment delivery
Coverage: 100% of specialized orders
Tenor: Until safe port delivery
Offshore vs Onshore Guarantees
Parameter | Offshore Guarantee | Onshore Guarantee |
---|---|---|
Risk Premium | +150-400bps | Base rate |
Tenor | 15-25 years | 5-10 years |
Technical Review | Marine engineers | Standard due diligence |
Insurance Wrap | Always required | Occasionally used |
Claim Triggers | 50+ marine-specific | Standard commercial |
Our Marine Guarantee Network
Institution | SWIFT | Specialization | Min. Project | Unique Capability |
---|---|---|---|---|
Offshore Banks | ||||
DNB Ocean | DNBNONO1 | North Sea | €50M | Oil/gas crossover |
Crédit Maritime | CMCIFRPP | Floating wind | €75M | French EEZ expertise |
Insurance Markets | ||||
Lloyd’s Marine | LLOYGB2L | Subsea cables | $100M | 300% syndication capacity |
Gard Marine | GARDNO11 | Liability | $25M | P&I club backing |
Development Banks | ||||
EIB Ocean | EIBBLUXL | Deepwater | €100M | Blue economy focus |
ADB Offshore | ADBAPHMM | Asia-Pacific | $50M | Typhoon clauses |
(⚓ Additional 15 boutique marine insurers available for specialized risks)
5-Phase Implementation
Marine Risk Audit (15 days)
Bathymetric surveys
Weather pattern analysis
Structure Design (30 days)
Layered risk allocation
Marine insurance integration
Bank/Insurer Syndication (45 days)
Match with ocean-experienced partners
Custom peril pricing
Documentation (30 days)
Marine compliance certifications
Coastal state approvals
Financial Close (15 days)
Guarantee issuance
Vessel mobilization
⏱️ Total Timeline: 4-6 months
Case Study: €1.8B Floating Wind Farm
Challenge:
First-of-kind technology
60km from shore in typhoon zone
Solution:
Tiered guarantee structure:
• EIB – 40% construction risk
• Lloyd’s – 30% technology risk
• Crédit Maritime – 30% revenue risk
Result:
Achieved BBB+ rating
18 institutional investors
Why Choose NNRV Offshore?
✔ Marine Engineers On Staff: 8 former offshore operators
✔ Multi-Product Platform: Combine guarantees with insurance
✔ Coastal State Expertise: 22 territorial waters experience
✔ Weather Risk Modeling: Partnered with Ocean Weather Inc
[📥 Download Offshore Risk Guide]
[📞 Contact Marine Finance Team]