Offshore Project Guarantees | NNRV Trade Partners

✔ Specialized risk mitigation for marine projects | 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

ParameterOffshore GuaranteeOnshore Guarantee
Risk Premium+150-400bpsBase rate
Tenor15-25 years5-10 years
Technical ReviewMarine engineersStandard due diligence
Insurance WrapAlways requiredOccasionally used
Claim Triggers50+ marine-specificStandard commercial

Our Marine Guarantee Network

InstitutionSWIFTSpecializationMin. ProjectUnique Capability
Offshore Banks
DNB OceanDNBNONO1North Sea€50MOil/gas crossover
Crédit MaritimeCMCIFRPPFloating wind€75MFrench EEZ expertise
Insurance Markets
Lloyd’s MarineLLOYGB2LSubsea cables$100M300% syndication capacity
Gard MarineGARDNO11Liability$25MP&I club backing
Development Banks
EIB OceanEIBBLUXLDeepwater€100MBlue economy focus
ADB OffshoreADBAPHMMAsia-Pacific$50MTyphoon clauses

(⚓ Additional 15 boutique marine insurers available for specialized risks)


5-Phase Implementation

  1. Marine Risk Audit (15 days)

    • Bathymetric surveys

    • Weather pattern analysis

  2. Structure Design (30 days)

    • Layered risk allocation

    • Marine insurance integration

  3. Bank/Insurer Syndication (45 days)

    • Match with ocean-experienced partners

    • Custom peril pricing

  4. Documentation (30 days)

    • Marine compliance certifications

    • Coastal state approvals

  5. 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]