WFW advises BOCOM Leasing on LNG carrier leasings
Watson Farley & Williams (“WFW”) advised Bank of Communications Financial Leasing Co., Ltd. (“BOCOM Leasing”) on a leasing transaction for three liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Unlike conventional sale and leaseback transactions where the lessors enter into Memorandum of Agreements (“MOAs”) with the lessees and take delivery of the vessels pursuant to the MOAs, BOCOM Leasing entered into the shipbuilding contracts with the Korean and Chinese shipyards and will ...
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