Vessel Acquisition • Debt Capacity • Loan Amortization • Balloon • CFADS • DSCR • Break-Even TCE • Purchase Price Capacity
Vessel Acquisition Price, Debt Service, DSCR & Break-Even TCE Tool
Size a vessel acquisition from the debt-service side. Simple mode converts purchase price, leverage, loan structure, TCE and OPEX into annual debt service, DSCR, balloon balance and break-even TCE. Advanced mode adds repayment structure, interest-only periods, financing fees, owner overhead, maintenance reserves, drydock CAPEX, vessel-value/LTV screening and debt-capacity sensitivity.
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Fast acquisition debt screen: 10 inputs.Simple uses a level annual-payment amortization schedule. If loan tenor is shorter than amortization, the remaining principal becomes the balloon due at maturity.DebtService, principal & balloon
CoverageCFADS & DSCR headroom
TCEBreak-even freight-equivalent earnings
Acquisition & Earnings Snapshot
Million currency units.
% of purchase price, assumed equity-funded.
% of vessel purchase price.
Annual %.
Years until maturity / balloon repayment.
Years used to calculate scheduled debt service.
Currency/day, net of voyage expenses.
Days/year after expected off-hire / idle time.
Currency/day, applied over 365 days.
User/lender coverage requirement.
Acquisition & Loan Structure
Million.
% of purchase price, equity-funded.
% of vessel purchase price.
Annual %.
Years before amortization begins.
Years.
% of initial debt, equity-funded at closing.
Optional value-to-loan screen converted to LTV. Set 100 to effectively disable.
Million used for current LTV covenant screen.
Vessel Earnings & CFADS
Currency/day.
Currency/day over 365 days.
Million/year.
Million/year deducted before core DSCR.
%/year.
%/year.
Percentage points used by the sensitivity matrix.
Major Drydock / Retrofit CAPEX
Core DSCR uses recurring maintenance reserve. The register below is shown separately as post-major-CAPEX coverage because lender DSCR definitions differ on treatment of major drydock and retrofit spending.
| Use | Year | CAPEX item | Amount (million) |
|---|
Credit / Underwriting Checks
Credit-model boundary: DSCR, CFADS, LTV, reserve accounts and covenant definitions vary by facility agreement. This tool uses clearly stated modeling definitions and user-entered thresholds. It does not provide a lending commitment, vessel valuation, legal interpretation or investment recommendation.