A Primer on Leasing Transactions in the International Maritime Sector

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By Basil M. Karatzas
Fall 2009

The Merchant Marine Act of 1920 (Jones Act) has long governed leasing in the maritime industry in the United States. However, as this article describes, international markets - "blue-water" shipping - have certain distinct differences regarding asset differentiation and residual value, sources of capital, legal environment and taxation.