Benjamin O. Schupp: Lawyer with McGlinchey Stafford

Benjamin O. Schupp

Member
New Orleans,  LA  U.S.A.
Phone(504) 596-0349

Peer Rating
 5.0/5.0
AV® Preeminent

Client Rating

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Practice Areas

  • Admiralty & Maritime
  • Admiralty & Maritime Investment and Finance Transactions
  • Admiralty & Maritime Litigation
  • Commercial Litigation
  • Energy
  • Gaming
  • Insurance Defense and Coverage
  • International Law
 
Mailing AddressP.O. Box 60643, New Orleans, LA, 70160-0643
 
University Southern Methodist University, B.A., 1988
 
Law SchoolTulane University Law School, J.D., cum laude, 1991
 
Admitted1991, Louisiana; U.S. District Court for the Eastern District of Louisiana; U.S. District Court for the Middle District of Louisiana; U.S. District Court for the Western District of Louisiana; U.S. Court of Appeals for the Fifth Circuit
 
Memberships 

Professional Affiliations
•Maritime Law Association of the United States
•The New Orleans Bar Association
•Southeastern Admiralty Law Institute
•Marine Money Offshore (conference speaker and article contributor)

 
Biography

Benjamin Ben Schupp is a member in the firm's New Orleans office, where he focuses his practice on admiralty and maritime law. Ben has special expertise in vessel financing, vessel charters, marine construction and maritime lien issues.

Business

Ben has represented numerous banks, vessels and rig owners worldwide in financing the purchase or construction of vessels and oil rigs. In connection with such representation, Ben has drafted numerous construction contracts, sale agreements, charters, ship mortgages as well as various loan and registration documentation. He has handled vessel registration in registries throughout the world. Ben has significant experience in MARAD Title XI financing and financing through the Export-Import Bank of the United States, as well as financing through banking and private equity channels.

Representative Transactions

•Represented Mexican drilling contractor in an EXIM financing transaction involving a $172 million credit facility for a jack-up drilling rig to be constructed at Keppel AmFELS' yard in Brownsville, Texas. The deal was recognized in Marine Money magazine's 2014 annual Noteworthy Deals of the Year issue.
•Represented drilling contractor in the construction and financing of five jack up rigs ranging in value from $140 million to $200 million per rig.
•Represented investors in the purchase, financing and refurbishment of a $300 million drill ship.
•Represented investment group in connection with the acquisition of a fleet of accommodation vessels.
•Represented Nigerian oil and gas service company in connection with the acquisition of multiple supply boats and liftboats.
•Represented U.S. lenders in connection with the financing of floating casinos.
•Represented Mexican drilling contractor in EXIM financing transaction named “Deal of the Year” by Trade Finance Magazine.
•Represented U.S. lender in connection with the restructuring and payoff of debt secured by maritime assets.
•Represented U.S. lender as special maritime counsel in connection with the refinancing of a U.S. drilling contractor's credit facility secured by a fleet of jack-up rigs and other vessels.
•Represented an investment group as special maritime counsel in connection with the acquisition of a major U.S. tug and barge company.
•Represented ship broker in the drafting of multiple brokerage and vessel sale agreements.

Litigation

Ben has represented U.S. and international underwriters, brokers and businesses in a wide variety of maritime, energy, casualty and commercial litigation in both state and federal courts. He has also represented vessel and rig owners in maritime and oil and gas disputes, including several cases leading to important decisions in these fields by the United States Fifth Circuit Court of Appeals and the Louisiana Fourth Circuit Court of Appeals. Ben has drafted countless insurance coverage opinions in both the maritime and non-maritime context.

Honors
Martindale-Hubbell AV Peer Review Rated Lawyer
•Robert G. Polack Award, Tulane University School of Law

Publication
Summer 2014 Online Gaming in Louisiana: History and Prospects for the Future
Focus on Business
April 2013 Supreme Court Fails to Sweep up Offshore Legal Minefield
Marine Money Offshore

 
Reported CasesSample Of Litigation Resulting In Published Opinions: Lake Charles Stevedores V. M/v Vladimir Popov, 199 F.3d 220 (5th Cir. 1999); Trico Marine V. Falcon Drilling Company, 116 F3d 159 (5th Cir. 1997); Submersible Systems V. Perforadora Central S.a. De C.v . 249 F.3d 413 (5th Cir. 2001); Terre Aux Boeufs V. J.r. Gray Barge Co . 803 So2d 86 (la App. 4th Cir. 2001); Janex Oil Co. Inc. V. Hanover Compressor Co ., 694 So.2d 415 (la. App. 4th Cir. 1997)
 
ISLN901241489
 
Transactions Representative Transactions: Represented Mexican drilling contractor in an EXIM financing transaction involving a $172 million credit facility for a jack-up drilling rig to be constructed at Keppel AmFELS' yard in Brownsville, Texas. The deal was recognized in Marine Money magazine's 2014 annual Noteworthy Deals of the Year issue. Represented drilling contractor in the construction and financing of five jack up rigs ranging in value from $140 million to $200 million per rig. Represented investors in the purchase, financing and refurbishment of a $300 million drill ship. Represented investment group in connection with the acquisition of a fleet of accommodation vessels. Represented Nigerian oil and gas service company in connection with the acquisition of multiple supply boats and liftboats. Represented U.S. lenders in connection with the financing of floating casinos. Represented Mexican drilling contractor in EXIM financing transaction named Deal of the Year by Trade Finance Magazine. Represented U.S. lender in connection with the restructuring and payoff of debt secured by maritime assets. Represented U.S. lender as special maritime counsel in connection with the refinancing of a U.S. drilling contractor's credit facility secured by a fleet of jack-up rigs and other vessels. Represented an investment group as special maritime counsel in connection with the acquisition of a major U.S. tug and barge company. Represented ship broker in the drafting of multiple brokerage and vessel sale agreements.
 

Documents by this lawyer on Martindale.com

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Online Gaming in Louisiana: History and Prospects for the Future
Benjamin O. Schupp, July 15, 2014
Louisiana has had a long and colorful history of gambling—both legal and illegal. In 1823 New Orleans had six casinos licensed by the Louisiana legislature. During this time New Orleans actually had a street named Craps (now Burgundy street) in honor of the ubiquitous dice game imported by...


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Office Information

Benjamin O. Schupp

12th Floor, 601 Poydras Street
New OrleansLA 70130




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