Independent journal on economy and transport policy
18:26 GMT+1
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Bimco has adopted a new contract model for sale and leaseback transactions of ships
It is specific to second-hand naval units but can also be adapted to new constructions
September 21, 2020
Specifying that the sale and lease back of ships is a transaction that is increasingly being used for the naval financing and that most of these transactions have origin in Asia, the Bimco pointed out that the Shiplease model is was developed by an Asia-based committee that involved major ship-leasing and shipping companies. The committee was founded by Alexandros Laios (Navios Corporation), Catherine Smith (Wah Kwong), Conor Warde (Mayer Brown), Jia Zhang (China Development Bank Leasing), Jay Shi (China Merchants Bank Financial Leasing), Lawrence Chao (Island Navigation), Matt Hannaford (Hannaford Turner) LLP), Olga Petrovic (Linklaters LLP) and Shen Zhao (CSIC Leasing).
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Specifying that the sale and lease back of ships is a transaction that is increasingly being used for the naval financing and that most of these transactions have origin in Asia, the Bimco pointed out that the Shiplease model is was developed by an Asia-based committee that involved major ship-leasing and shipping companies. The committee was founded by Alexandros Laios (Navios Corporation), Catherine Smith (Wah Kwong), Conor Warde (Mayer Brown), Jia Zhang (China Development Bank Leasing), Jay Shi (China Merchants Bank Financial Leasing), Lawrence Chao (Island Navigation), Matt Hannaford (Hannaford Turner) LLP), Olga Petrovic (Linklaters LLP) and Shen Zhao (CSIC Leasing).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
