Mastering Project Finance Documentation (In-House)

IFF - International Faculty of Finance
Training overview
Corporate / Group Training
3 days
From 2,999 GBP

Start dates
2,999 GBP
Inquire for more information

Course description

Mastering Project Finance Documentation (In-House)

  • Spot various risksthroughout a project’s development and operation, and identify how they should be addressed in the various operational and financial contracts
  • Understand the relevant clausesin the contractual documents, and explain the interface between the actual conduct of the project and the contractual arrangements and obligations
  • Prevent the potential consequencesof failing to implement project documentation in a prudent way

COVID-19 Update

This provider offers an online version of their classroom courses

Training content

Risk & its Management

  • The distinguishing features of project finance
  • The objective of managing risk
  • The six ways in which risk can be managed
  • The project finance structure overview, relationship of the parties

Governing Law & Enforcement of Rights

  • Conflicts of law
  • Two requisites of project finance contracts
    • reversal of plaintiff/defendant positions
    • avoidance of litigation to enforce rights
  • Alternative Dispute Resolution Procedure

Pre-Completion – Construction Contracts

  • FIDIC and other standards
  • Liquidated damages
  • Performance bonds and retentions
  • EPC and functional specification
  • Fixed price, lump sum, control of variations
  • Completion guarantees
  • Two-phase financing
  • Force majeure

Concession & Offtake Agreements

  • The origins of PPP and BOT
  • The pricing basis
  • The treatment of performance shortfalls
  • Termination, step-in rights
  • Direct agreements
  • Compensation
  • Volume risk – take-and-pay; take-or-pay; marketing agreements
  • Exclusion clauses

Financing Agreements

  • The loan syndication process
  • The term sheet
  • Particular features of project financings
    • the cashflow waterfall
    • the role of the project cashflow model
    • LLCR and ADSCR
    • cash sweeps
    • distribution lockups
  • The layout of the loan agreement
  • Key issues for Lenders:
    • material adverse change
    • drawdown stops
    • waivers and rectification
    • market disruption, increased costs
    • negligence – of Agent bank or consultants
    • disclaimers
    • legal opinions
    • non-exclusive jurisdiction
    • loan liquidity, sell-down, novation, assignments
    • enforcement implications
    • environmental liability
  • Key issues for Sponsors
    • conditions precedent to distributions to Sponsors
    • the potential to ‘hide’ recourse, how and why
    • the trigger for recourse
    • the quantum of recourse
    • 3-dimensional leverage, incl. maturity, grace, sculpting
    • majority lenders, snooze ‘n’ lose
    • removing individual financier participants, ‘yank the bank’, super majorities
  • Other key issues:
    • reps and warranties, repeating reps
    • sponsor lock-ins, change of control
    • sponsor insolvency
    • appropriations, partial payments
    • illegality and severance
    • the effects of Basel 3 and Solvency 2
  • Lender rights upon default
  • Reschedulings, restructurings


  • A classification of securit
    • mortgages
    • fixed and floating charge
    • liens and pledges
    • hypothecation
    • assignments
  • The limitations of security in project financings
  • Avoiding security:
    • use of the unincorporated joint venture
    • use of the bankruptcy remote vehicle
  • The role of a security trustee
  • Guarantees:
    • the common law treatment
    • variations, additionality, on-trust, continuing security, termination, ruling off, joint and several, conclusive evidence, indemnity, liability post-insolvency

Other Legal Issues

  • Insurances – CAR, ALOP, Marine, DSU, public liability
  • Political risk insurances – FX convertibility, insurrection, expropriation
  • Monoline insurance, credit enhancement structures
  • Security trust vs. security agency
  • Intercreditor agreements

About IFF

International Faculty of Finance - IFF Finance & IFE Energy - Specialist Training Courses

As one of the world's leading specialist financial training organisations, The International Faculty of Finance, provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage.  Established in 1991 we...

Read more and show all training delivered by this supplier

Contact this provider

Fill out your details to find out more about Mastering Project Finance Documentation (In-House).

  Contact the provider

  Get more information

  Register your interest

Country *

Contact info

IFF - International Faculty of Finance

 Show phone number

Contact provider

Have a question about this course? Fill out this form and the provider will get in touch with you shortly

Training reviews

No reviews available

Need help with your search? offers a free consultancy service to help compare training for you and your team

Request a free quote

Request a free training quote