11,400 ft Risk disclosures
Private offerings in the offshore energy services sector involve a high degree of risk, and you should be prepared to lose the entire amount you invest. Vessels may sit idle, charters may not be renewed, and operating costs may exceed revenue. There is no deposit insurance, no principal guarantee and no public market backstop behind these instruments.
Rates shown on this site are indicative targets, not promises. Distributions are funded from the operating results of the underlying business and may be reduced, deferred or withheld entirely when utilisation, day rates or costs do not support a payment. A scheduled distribution date indicates when a payment is due if it is earned, not an undertaking that it will be made.
There is no secondary market for these interests. You cannot sell your position, and you should assume you will hold it until maturity — or, if operations are disrupted, indefinitely. Do not invest funds you may need to access before the stated term ends.
Demand for offshore transportation depends on the drilling, construction and production activity of energy operators, which in turn responds to commodity prices, capital budgets and licensing decisions outside our control. A downturn in offshore activity reduces vessel utilisation and day rates, directly reducing the revenue available for distribution.
Offshore transportation is exposed to weather standby, sea state, mechanical breakdown, dry-docking, port congestion and marine casualty. Any of these can idle a vessel, extend a voyage or increase costs, and campaign schedules set by clients can slip without notice.
Revenue depends on a limited number of energy operators and charterers. The loss of a significant charter, or non-payment by a counterparty, would materially affect results. Operations are concentrated in the Gulf of Mexico and are exposed to regional regulatory, security, currency and political conditions.
We operate the vessels and shore capacity we finance, and earn management and operating fees regardless of the return delivered to investors. That is a structural conflict of interest. You should read the offering documents to understand how we are compensated before you commit capital.
Evaluating an offshore logistics investment involves commercial, marine and engineering judgements that are difficult for an individual investor to verify independently. Much of the information available to you comes from us. Consider obtaining independent professional advice before investing.
Statements on this site about future operations, utilisation, charters or expected distributions are forward-looking and reflect current expectations only. There can be no assurance that management's expectations, beliefs or projections will be achieved. Past performance does not guarantee future results.
This website and its contents do not constitute an offer to sell or the solicitation of an offer to buy any security. Offers are made only through formal offering documents delivered to qualified investors, and certain offerings are restricted to accredited investors as defined in Rule 501 of Regulation D.
