Francis X. Nolan, III is a shareholder at Vedder Price. Admitted to the bar in New York and California for over 40 years, he is a member of the global transportation finance team at Vedder Price. He represents international and domestic lenders, borrowers, investors, lessees, lessors, operators and shipbuilders, primarily in the transportation and defence industries. Frank has extensive experience in the financing of a wide variety of transportation assets and projects, including all types of vessels, drill rigs, locomotives and rolling stock, containers and related equipment. Frank assists clients with a wide range of leasing transactions, including operating leases and leveraged and synthetic leasing structures as well as cross-border transactions. He also represents clients in financing transactions for vessels under the US flag and numerous foreign flags, under bareboat charter registries and under restricted flags, such as the US Jones Act trades. Frank has taught Admiralty and lectured on a variety of shipping topics in the United States and abroad.
In recent years, Frank drafted legislation to enhance collateral security positions of lessors in vessel charters used as financing instruments in several jurisdictions, including provisions currently in place in the Marshall Islands and Liberia. He is a titulary member of the Comité Maritime International (CMI), is currently the President of the Maritime Law Association of the United States and served for five years as chair of its Standing Committee on Marine Finance. Frank served on the CMI International Working Group (IWG) on Judicial Sales of Vessels and currently chairs CMI’s IWG on Vessel Nomenclature.