In putting together this issue and, in particular, this section on leasing, it became apparent that leasing means so many different things to both the suppliers and consumers of this financial product that a roadmap might be useful. After talking to various industry participants, we thought a chart that outlined the basic parameters that the lessor world looks at would provide a helpful means for distinguishing the various offerings of the suppliers. The standard criteria were easy and included lease type, transaction size, term, employment and vessel type and age. Credit criteria was a critical element that needed definition as the 100% financing that leasing provides generally lends itself to only rather strong credits, whether directly through the lessee or indirectly through a chartering structure.
This is only an excerpt of Who’s Who and What’s What in Leasing
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