OUR EXPERIENCE

Leaseback of five tanker vessels

Leasing company has addressed us for legal assistance in drafting of contracts for sale and purchase of mixed river-sea vessel and editing of standard terms of leasing. Company needed to secure regulation and allocation of specific risks in leasing operations with vessels. The seller and lessee was the same person (leaseback). Objects of leasing were five tanker vessels: m/v «Laura» (IMO 8226466), m/v «Neman» (IMO 8843006) and three tanker vessels m/v «Nefterudovoz-44M» (IMO 8136714), m/v «Nefterudovoz-50M» (IMO 8726155), «Nefterudovoz-456M» (IMO 8726210). 

Our services in the case

In two weeks period activity has been started to draft five contracts of sale and purchase of tanker vessels and to edit standard form terms of leasing. With consideration of working practice of the company, all specific risks in relation of leasing of vessels have been managed.