An article looking at the Poseidon Principles which launched on 18 June 2019. The article examines what the principles are, what their aim is, how they will affect financiers and ship owners, and the impact they will have on transaction documentation.

This article was prepared by Nigel Thomas, Lindsey Keeble, Christina Howard, Toby Royal and Elaine Ashplant of Watson Farley & Williams.

Watson Farley & Williams provided legal oversight and drafting input to the group of major banks and other leading industry players developing the Poseidon Principles as well as preparing the Poseidon Principles Association's governance rules and membership agreement in conjunction with Danish law firm Gorrissen Federspiel.