Being Global, Going Local – The Leasing Award

In the shipping business, if you are going to pay taxes, you ought to think about leasing. This is particularly true of the liner companies and industrial shipping companies, where vessels are thought of as holes in the water to be filled rather than as trading assets. More often than not the vessels involved are not standard commodity type ships but high capital cost units giving even more incentive to use other people’s money. Finally, as long-lived assets are involved, long-term funding for 100% of the cost is generally available, which when combined with tax benefits brings down the daily cost to very reasonable levels.

As attractive as leasing is for the lessee, it is equally attractive to the lessor/owner who receives not only the tax benefits but also

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