NPL Vessel Portfolio Intelligence

Your NPL vessels are moving.
Right now.
Are you watching?

Borrowers declare default. Flag states change overnight. AIS transponders go dark. Vessel values fall before your next board report. SeaNapse Finance monitors every vessel in your NPL portfolio in real time — telling you when to act, where to arrest, and what you will actually recover.

Request a Demo → View Portfolio Monitor ↓
50+
Arrest-ready Jurisdictions
30yr
Years of NPL Recovery Data
Live
Real-time Monitoring & Alerts
📊 NPL Portfolio Monitor
Live · 5 Vessels
⚠ ILLUSTRATIVE SAMPLE ONLY — Vessel names, loan amounts, and all data shown are entirely fictional. No real vessels or institutions are represented.
Vessel Loan Market Value LTV Status Arrest Action
MV KOREA STAR
Bulk Carrier · 58,000 DWT · Panama
$12.4M
$7.1M
 175% NPL Ready
⚠ Arrest Now
MV HANJIN 7
Tanker · 25,000 DWT · Marshall Islands
$8.2M
$6.8M
 121% Watch Available
→ Review
MV ASIA TRADER
Container · 1,800 TEU · Korea
$5.5M
$6.2M
 89% Performing N/A
Monitoring
MV EAST GLORY
Bulk Carrier · 76,000 DWT · Bahamas
$18.7M
$11.3M
 165% NPL Singapore · 12d
⚠ Strategy Ready
MV PACIFIC WIN
Tanker · 47,000 DWT · Liberia
$9.1M
$8.4M
 108% Watch Limited
→ Review
Illustrative sample only · Vessel names and all figures are entirely fictional · Not representative of any real vessel, borrower, or institution
2 NPL · 2 Watch · 1 Performing
The problem

Five questions banks can't answer fast enough

1
Is this vessel arrestable right now, and in which port?
Current AIS position, expected port calls, and jurisdiction readiness — tracked continuously, not on request.
2
What will I actually recover after auction costs?
Market value minus auction fees, legal costs, competing liens, and enforcement time — not the gross vessel valuation.
3
Which lender ranks ahead of me on this mortgage?
Lien priority, competing mortgages, and flag state registration — mapped before you commit to arrest proceedings.
4
Is the borrower moving the vessel to a safe-flag jurisdiction?
Flag-switching, ownership transfers, and management changes monitored and flagged automatically.
5
Across my entire NPL portfolio — which vessels need action this week?
Portfolio-level AI scoring replaces spreadsheet-by-spreadsheet review — highest-risk vessels surface automatically.
Five Capabilities

Built for the ship finance credit cycle

From underperformance detection to arrest execution and post-arrest management — every stage of NPL resolution, in one platform.

📊
NPL Portfolio Monitor
Continuous Monitoring

Real-time LTV tracking, vessel location monitoring, and market value updates across your entire NPL portfolio — replacing spreadsheet-based reviews with a live dashboard that surfaces which vessels need attention today.

✓LTV ratio against current market value (daily update)
✓Vessel AIS position and port schedule tracking
✓Flag-switch and ownership change alerts
✓Competing creditor activity monitoring
✓Portfolio-level risk score and priority ranking
📉
Default Risk Scoring
Early Warning

AI-powered early warning before formal default — tracking DSCR trajectory, charter hire payment patterns, vessel earnings data, and borrower financial signals to give you 60–90 days of advance warning.

✓DSCR trend analysis from public voyage and earnings data
✓Charter hire payment regularity patterns
✓PSC detention history and operational risk signals
✓Borrower group-level stress indicators
✓Automated escalation triggers at configurable thresholds
⚓
Arrest Strategy Simulator
Recovery Optimisation

When a borrower defaults, SeaNapse Finance runs the numbers before you instruct lawyers: which jurisdiction delivers the fastest arrest, highest auction outcome, and best creditor priority position — specific to this vessel, this route, and this lien stack.

✓Jurisdiction comparison: arrest speed, cost, success rate
✓Vessel schedule-based arrest window optimisation
✓Net recovery simulation (gross − auction costs − legal − lien priority)
✓Competing lien and mortgage priority mapping
✓Private sale vs. judicial auction comparison
Arrest strategy output requires review by a qualified maritime lawyer before execution.
🔢
Vessel Value Intelligence
Collateral Management

Continuous collateral valuation built from comparable sale transactions, market indices, vessel age and condition, and current freight market data — giving your credit team a defensible, auditable LTV figure between formal appraisals.

✓Market value range estimate (low / mid / high)
✓Comparable transaction database
✓Depreciation trajectory modelling
✓Freight market correlation to vessel earnings capacity
✓Formal appraisal referral when required
🚢
NPL Ship Management
Post-Arrest Operations

After vessel arrest, collateral value erodes rapidly without active management. SeaNapse Finance coordinates post-arrest vessel operations — crew retention, insurance continuity, class survey scheduling, and OPEX budget control — to preserve value from arrest through to judicial auction or private sale completion.

Applicable from the moment a writ is served through the full auction-to-sale resolution period. Bank-controlled vessel management under lender instruction only.
✓Post-arrest crew handover and retention coordination
✓P&I insurance and hull cover continuity during enforcement
✓Class survey scheduling and flag state compliance maintenance
✓OPEX budget management for bank-controlled vessel operations
✓Value preservation monitoring (condition, charter, earnings)
✓Private buyer introduction and managed sale coordination
✓Court-supervised auction process support and documentation
Scope

What SeaNapse Finance does — and doesn't do

✅ In Scope
✓ NPL vessel portfolio monitoring and AI scoring
✓ LTV tracking against current market value
✓ Default early-warning signals from public data
✓ Arrest jurisdiction comparison and recovery simulation
✓ Vessel location, flag, ownership monitoring
✓ Lien and mortgage priority mapping (public registry)
✓ Private sale vs. judicial auction comparison
✓ Founder-reviewed arrest strategy reports (Enterprise)
✗ Out of Scope
✗ Loan origination, credit scoring, or underwriting
✗ KYC / AML / regulatory compliance platform
✗ Formal vessel appraisal (we refer to certified appraisers)
✗ Legal advice or representation in arrest proceedings
✗ Guaranteed recovery amounts — all estimates are ranges
✗ Real-time borrower bank account investigation
✗ Integration with your core banking system (at launch)
Arrest Strategy Output

Sample output — two NPL vessels, two decisions.

SeaNapse Finance delivers a specific recommended action for each vessel — not a generic risk flag.

NPL Case 01 · Arrest Recommended
MV KOREA STAR
BULK CARRIER · 58,000 DWT · PANAMA FLAG
Loan outstandingUSD 12.4M
Current market valueUSD 7.1M
LTV ratio175%
Next port callSingapore — 8 days
Recommended jurisdictionSingapore
Est. auction recoveryUSD 5.8–6.6M
Est. net to lenderUSD 4.9–5.7M
Recommended Action Proceed to arrest. Singapore window opens in 8 days. File writ immediately. Estimated legal cost: USD 80–120K. One competing lien confirmed — lender ranks first.
NPL Case 02 · Hold — Monitor Sale
MV EAST GLORY
BULK CARRIER · 76,000 DWT · BAHAMAS FLAG
Loan outstandingUSD 18.7M
Current market valueUSD 11.3M
LTV ratio165%
Next port callPort Klang — 12 days
Competing liens2 confirmed (priority unclear)
Est. auction recoveryUSD 9.1–10.8M
Est. net to lenderUSD 6.2–8.4M (range wide)
Recommended Action Do not arrest yet. Priority clarification on competing liens needed — 7-day window. Parallel path: approach borrower for managed private sale. Arrest Singapore as fallback if no resolution by Day 20.
How It Works

Portfolio onboarding to active monitoring in 5 days.

SeaNapse Finance activates against your existing loan data — no system integration required at launch.

📋
Portfolio Upload
Share your NPL vessel list — loan balances, vessel names, IMO numbers. Secure transfer via encrypted link or direct email.
Day 1 · 2 hours
🔄
Data Enrichment
SeaNapse Finance maps each vessel to AIS tracking, market value, lien registry, flag status, and P&I cover from public sources.
Day 1–3 · Automated
📊
Portfolio Briefing
You receive the initial portfolio intelligence report — LTV by vessel, risk tiering, and immediate-action recommendations.
Day 3–5 · Expert reviewed
🔔
Ongoing Monitoring
Continuous monitoring activates. Alerts fire when a threshold is breached — LTV spike, flag switch, port opportunity, or competing creditor activity.
Day 5+ · Always on
Pricing

Institutional pricing. Retainer + per vessel.

Monthly retainer secures priority access and continuous monitoring. Per-vessel fee applies to each vessel assessed or managed. Institutional clients only.

Tier 1 · Assessment
NPL Vessel Assessment
Monthly Retainer $999/ mo
Per Vessel $1,499/ vessel
Included in all tiers
✓LTV vs. current market value
✓Vessel AIS position & port schedule
✓Lien & mortgage registry check
✓Flag state & ownership verification
✓Arrest jurisdiction & feasibility assessment
✓Initial arrest strategy report
Minimum · 3 months
Bank — single vessel decision support
Tier 2 · Intelligence
Monthly Intelligence Retainer
Monthly Retainer $1,999/ mo
Per Vessel / Month $999/ vessel / mo
All Tier 1 services, plus:
✓LTV vs. current market value
✓Vessel AIS position & port schedule
✓Lien & mortgage registry check
✓Flag state & ownership verification
✓Arrest jurisdiction & feasibility assessment
✓Initial arrest strategy report
Tier 2 additions
✓Continuous real-time monitoring & alerts
✓Flag switch & ownership change alerts
✓Competing creditor activity monitoring
✓Default risk scoring (DSCR trajectory)
✓Charter hire payment pattern analysis
✓PSC detention & operational risk signals
✓Monthly expert-reviewed intelligence report
Minimum · 6 months
Portfolio lender — NPL ongoing oversight
Tier 3 · Mandate
Recovery & Disposal Mandate
Monthly Retainer $4,999/ mo
Per Vessel $2,999/ vessel
Success Fee 3~9% gross
All Tier 1 & 2 services, plus:
✓LTV vs. current market value
✓Vessel AIS position & port schedule
✓Lien & mortgage registry check
✓Arrest jurisdiction & feasibility assessment
✓Continuous monitoring & all alert triggers
✓Monthly expert-reviewed intelligence report
Tier 3 only
✓Mortgage enforcement coordination
✓Arrest execution & writ service coordination
✓NPL Ship Management — post-arrest operations
✓Crew retention & OPEX budget management
✓Managed sale / private buyer introduction
✓Asset tracing — multi-jurisdictional
✓Counterparty intelligence & leverage analysis
✓Recovery & disposal mandate management
Minimum · 12 months
Full NPL resolution — arrest to final recovery
Tier 3 Success Fee
3% – 9%
Calculated on gross award / disposal proceeds · Negotiated and fixed at mandate signing · Out-of-pocket expenses billed separately
30-Day Pilot
$1,499
One vessel — full Tier 1 assessment + arrest strategy report. Fully deductible when you proceed to retainer. No commitment required.
What the pilot delivers
✦  LTV · AIS · Lien status — Day 1
✦  Arrest jurisdiction recommendation
✦  Initial arrest strategy report
✦  Recovery estimate (gross auction range)
✦  Proceed or not — your decision
Track Record

30 years of NPL ship recovery, not theory.

The intelligence in SeaNapse Finance comes from a practitioner who has executed ship arrest and auction — not from academic models built on public data.

Capt. J.M. Lee
Founder & Principal · SeaNapse Finance / InterOcean MS
🏦Executed ship arrest, judicial auction, and NPL vessel recovery across 50+ jurisdictions over 30 years
⚖️Worked with KDB, KAMCO, K-Sure, DVB Bank, and international ship finance institutions on distressed vessel recovery
🌐Proven jurisdictions: Singapore, Hong Kong, China, Egypt, UAE, Indonesia, Malaysia, Panama, Malta + 40 more
🏢Matching Korea Co., Ltd. · InterOcean MS Co., Ltd. · InterOcean Recovery Agency Pte. (Singapore)
Ship Arrest & Judicial Auction
Executed arrests across 50+ jurisdictions. Established local agent networks for rapid writ service. Managed court-supervised auction and private sale processes for lender recovery.
NPL Portfolio Advisory
Advised Korean and international banks on NPL vessel portfolio strategy — triage, arrest, managed sale, and write-down sequencing. Coordinated with KAMCO on bulk vessel disposal.
Corporate Restructuring
Cross-border corporate restructuring and M&A of distressed shipping companies — due diligence, fleet valuation, and creditor coordination across multiple jurisdictions simultaneously.
Finance Institutions Worked With
KDB · Korea Development Bank · KAMCO · K-Sure · Korea Eximbank
DVB Bank · ABN AMRO Ship Finance · Nordea · BNP Paribas Marine
Atradius Collections · ACA International · Pinkertons
⚖️
SeaNapse Finance provides portfolio monitoring, risk intelligence, vessel valuation estimates, and arrest strategy analysis. It does not provide legal advice, formal vessel appraisals, or banking/financial advice. Arrest strategy reports must be reviewed by a qualified maritime lawyer before any enforcement action is taken. All market value estimates are indicative ranges based on public data and comparable transactions — not formal appraisals. SeaNapse Finance is not a KYC, AML, or regulatory compliance platform.
Request a Demo

See your NPL portfolio
the way it actually looks.

Bring your list of NPL vessels. We'll run a live demo using your portfolio — showing LTV, vessel position, and the first arrest strategy recommendation. 30 minutes, no obligation.

What to Bring
Your NPL vessel list (IMO numbers + loan balances). Everything else, SeaNapse Finance provides.
Demo Format
30-minute video call with Capt. Lee. Live portfolio analysis using your data. No slide deck — real intelligence.
Pilot Terms
30-day pilot on one vessel — full assessment and arrest strategy report included. Fully deductible. Decide to continue — or not.
Contact
contact@interoceanms.com · Singapore: InterOcean Recovery Agency Pte. · Seoul: InterOcean MS Co., Ltd.
Request a Demo →
Institutional enquiries welcome from banks, leasing companies, and export credit agencies.