Financing
How a phinisi purchase is actually paid for: staged against milestones, held through the right structure, and offset by charter if you want it to be.
Quick answer
Payment is staged against milestones — offer, survey, transfer — with the beneficiary matching the contracting entity at every stage, which is the clause that protects a foreign buyer paying into Indonesia.
How payment works
Not a lump sum, and not an escrow account you have to take on trust.
Priced in USD against an itemised cost basis, not a headline number
Independent marine survey, sea trial and document audit — conditions of sale, not extras
Beneficiary matches the contracting entity at every stage
This section previously published loan terms — LTV 50–65%, 7–10 year term, 6.5–9.5% USD, 35–50% equity. None had a source and all were retired. The desk quotes real terms per deal.
Three routes
Two of these need no external lender at all.
Underwriting
Four factors set the market and they are the same four a lender underwrites: hull age and the date of the last major refit; length and cabin count; class and survey status; and whether the vessel transfers with charter contracts attached.
The previous version of this page named three Singapore lenders, two Hong Kong family offices and one Indonesian state bank, and published LTV bands and rates for each. None of it had a source and all of it was retired. Terms come from the desk, against a named vessel.
Structures
None of these is a rate card. Each is a structure the desk has used, quoted against a named vessel.
Offer · survey · transfer
The standard contract already spreads payment across three milestones rather than asking for a lump sum at signing, and the beneficiary matches the contracting entity at every stage. For most buyers this is the whole of the financing question.
Best fit: buyers with the capital, who want the protection rather than the leverage.
Quoted per project
A new build is quoted per project and paid across the build rather than at delivery, which spreads the cost without an external lender. Design, construction and delivery run through the group’s own yard relationships.
Best fit: buyers who want a specific hull and can wait for it.
6–14% indicative
Place the vessel into managed charter and it earns while you hold it, on the same crews, standards and calendar as the group’s own fleet. Vessels of this class charter at USD 1,800–30,000 per yacht per night.
Indicative only and never guaranteed. A written projection with a downside case is prepared per owner.
Next in this silo
Introductions
We provide loan-application support — yacht valuation, charter projections, PMA structure documentation — and structure deal memos to match what each lender actually requires. Introductions cost the buyer nothing.
Or call +62 811-3941-4563
