Leasing
Leasing
Shipping terms glossary
Definition of Leasing
When a ship is leased, the owner may in fact utilize it as in a bareboat or hire-purchase-C/P, but without entering into a charter-party-contract. The price is agreed between the shipping company (lessee) and the vessel's legal owner - the leasing company (lessor). The agreed fee will normally give the lessor a return on the investment with a profit during the leasing period. When the agreed period expires, the lessee may extend the leasing, but at a reduced fee (e.g. 1/12 of previous fee), or purchase the vessel at its estimated value.
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Terminology about shipping
Shipping glossary index of terms
Job world
Definition and meaning of Leasing
Meaning of Leasing
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