Maritime

Maritime Finance

The success of early stage companies depends on access to capital, advice, and networks such as what Canada Wings Group offer.

Corporate Banking

Underwriting

Finance Service

Our experienced team understand the complexities and needs of Financial Institutions and offer up to USD $23m underwriting capacity on any single Directors and Officers Liability risk as well as differing levels of underwriting capacity across other Financial Lines products. This enables us to deliver multiple relevant products to the same client in order to help them manage their legal, regulatory and operational risk exposure. Our diverse client base incorporates over 40 different types of Financial Institutions, including SMEs, Asset Managers and Global Financial Services companies.

 

 

CWG Corporate Banking serves the needs of middle and small market companies through relationship-oriented lending solutions. We provide lending services to manufacturers, service providers and distributors with business expansion plans, equipment purchases, acquisitions and other long-term corporate financing needs.

 

Products & Services:

Term loans

Bridge loans

Revolving lines of credit

Loan syndications

Interest rate derivatives

Cash management

Letters of credit

Investor real estate loans

Owner-occupied real estate loans

Foreign Exchange

Derivatives

 

Our group of specialists are committed to be the preeminent provider of marine insurance products and claims service in Canada. In order to achieve this, we always endeavour to do the right thing. ‘Doing the Right Thing’ is intrinsic to our values – at Coast we strive to conduct our business with integrity by acting in a fair, transparent manner, adhering to ethical standards and responding to stakeholders’ needs.

We provide a full offering which includes:

 

International and Domestic Cargo

Commercial Hull

Marine Liability

Pleasure Craft

Freight Forwarders

 

Among our client portfolio there are ship-owners, ship operators or shipyards all over the world. We cooperate with both large owners as well as small owners.:

Financial services are cash and non-cash loans including letter of credit and letter of guarantee type of tools. Refund guarantees are issued in favor of shipyards. Hedging tools are designed in line with the customer needs. Acting as a solution partner, we can create alternative financing methods in favor of our customers. All kinds of current account services are provided in a fast and accurate manner to the bank’s hundreds of marine clients from all over the world.

 

Types of Vessels

The shipping activities of the bank are focused on dry cargo vessels, container ships and tankers, all in line with the current market demand; however financing is also available for other types of vessels i.e. fishing boats, tugboats, ro/ro ships and so on.

 

TYPES OF PROJECT FINANCING:

Pre-delivery financing:

Besides the hull construction, machinery and equipment purchases, labour costs and other goods and services may also be financed on project basis.

 

Post-delivery & secondhand financing:

This is the traditional function of the shipping bank and one of the fastest-growing businesses of Credit Europe Bank. Vessels of various types and ages are financed.

 

Shipyards / floating docks:

New shipyard establishments, shipyard renovations or floating dock acquisitions are financed on a project basis. Yacht financing: Credit Europe Bank recently began to finance very specific high-value yacht building projects.

 

Marina and port financing:

A relatively new business area which the bank has targeted.

 

Working capital loan / Short-term financing:

We meet the short-term needs of its marine customers such as high bunkering costs or vessel repair and renovation. Freight receivables financing is also available on a transaction basis..

 

Canada Wings Investment; Mississauga Road, Mississauga, Toronto, Canada

www.canadawings.com info@canadawings.com