Your browser version is outdated. We recommend that you update your browser to the latest version.

Lease program

Target vessel: dwt 23800t bulk carrier & dwt 35000t bulk carrier.
Lease interest: to be confirmed, USD basic interest LIBOR+?
Lease management fee: to be confirmed.
Lease year: 5-8 example lease-type payback
Lease-payback type: same amount of fee monthly payment.
Down payment: 30%.
Vessel prices: DWT 23800t bulk carrier 19.2m USD / DWT 35000t bulk carrier 27.5m USD

Project deal sample form as following:
1. Buyer confirms the target vessel, do the down payment to the seller.
2. Buyer will sign lease option contract with lease company oversea company.
3. Lease company will do the rest payment to the seller of the vessel.
4. Seller registers the vessel to the lease company.
5. After finishing the document between lease company and the buyer the lease company will delivery the vessel to the buyer.
6. Buyer will pay the lease company monthly according to the lease contract, after finishing the payment the lease company will give out the ownership and the management to the buyer. Note: during the lease period, the lease company will not get involve in any of the business with the buyer for the vessel, the buyer has the right of use the vessel. But the lease company has the management and ownership of the vessel. Any fee during the vessel service will be borne to the buyer, including fuel, sailors salary, ship maintenance, ship insurance.

Leasee (buyer) needs to provide the copy of the following documents:

1. Qualification documents
Valid company management license.
Valid Organization code license.
Tax registration license.
Waterway transportation permission license.
Company constitution.
2. Ship documents 
 Second hand ship  New ship               
 Ship nationality registration certificate  Building contract
 Ship ownership registration certificate  Class survey report documents        
 Class certificate  Ship specifications
 Ship specifications   -
 Original ship purchase or building contract, invoice, payment certificate (if have)  -                                                                                                                                              
 Ship insurance  -
3. Finance documents
a) Leasee(buyer) financial report during the last 3 years.
b) End of last year or current month funds instruction (including: actual income funds, other income, prepay funds, others).
c) Last 3 months bank on the bills (including basic and general).
d) Short term loan, long term loan , bank loan contract, credit card information.
e) Fixed assets, under-construction projects instructions (including guarantee mortgage).
f) Litigation etc. big issue instructions.
4. General documents
Leasee (buyer) company introduction.
Project feasibility analysis.
Charter contract or long term cargo agreement.