D8DU - First Ship Lease Trust

First Ship Lease Trust1 (FSL Trust) provides leasing services on a long term bareboat charter basis to the international shipping industry. Under a bareboat charter, the ship owner leases the vessel to another company (the lessee) for a pre-agreed period and at a daily hire rate. The lessee is responsible for the costs associated with operating the vessel and for payment of the lease hire. FSL Trust has an initial portfolio of 13 vessels, comprising four containerships, four product tankers, three chemical tankers and two dry bulk carriers. Average age of a vessel is approximately five years. FSL Trust has a portfolio of vessels that is diversified across five customers and four shipping subsectors.

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SUMMARY

Industry Trusts/Funds/Financial Vehicles
Address 9 Temasek Boulevard #19-03 Suntec Tower Two Singapore 038989 Singapore
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