Vedder Thinking | Articles Navigating Your Lease Through a Sea of Liens
Equipment lenders and lessors face specialized issues when the asset is a vessel. How is the lender secured in its collateral? Can a lessor be secured in a vessel titled in lessor’s name? How does a lessor perfect its security interest in the vessel? Where does the lessor stand in relation to competing creditors? This article addresses these questions within the U.S. legal system and describes proposed legislation to expand opportunities for lease financing of vessels.
To read the article, "Navigating Your Lease Through a Sea of Liens," originally published in ALM's July 2008 issue of Law Journal Newsletters - Equipment Leasing Newsletter, please click the link above.