Skip to content
AidData logo

Overview

BoCom Leasing leases ship(s) to CMA CGM

Commitment Year•2016Country of Activity•FranceDirect Recipient Country of Incorporation•FranceSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2016

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

The project was a leasing agreement for container ships to the French shipping company CMA CGM S.A., headquartered at Tour CMA CGM Boulevard Jacques Saade, 4 Bd Euromediterranée Quai d'Arenc, 13002 Marseille, France. More detailed locational information can be found at: https://www.openstreetmap.org/way/202481439

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • China Bank of Communications Financial Leasing Co., Ltd. (BoCom Leasing)

Receiving agencies

Private Sector

  • CMA CGM S.A.

Loan description

BoCom Leasing leases ship(s) to CMA CGM

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, Bank of Communications Financial Leasing Co., Ltd. (BoCom Leasing) — a Chinese state-owned leasing company — entered into a leasing agreement with CMA CGM S.A. — a French shipping and logistics company — for an unspecified amount of ships.

Staff comments

1. There is very little information on BoCom Leasing's cooperation with CMA CGM during this time period. 2. A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. Under a capital lease (a financial arrangement where the lessee/borrower uses an asset and pays regular installments plus interest to the lender/lessor), rental payments are usually classified as interest and obligation payments, similarly to a mortgage (with the interest calculated each rental period on the outstanding obligation balance). AidData codes capital leases as loans.