CVFF Update: Key Developments on the Operationalisation of the Cabotage Vessel Financing Fund

The Cabotage Vessel Financing Fund (“CVFF” or the “Fund”) was established under the Coastal and Inland Shipping (Cabotage) Act of 2003 and the Cabotage Vessel Financing Fund Guidelines 2006 with the aim of empowering indigenous ship owners to compete in the international market, boost local content in the maritime sector, and ultimately, create a financial foundation. For more details, read our guide on the Operationalisation of the CVFF.