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Sale and Lease Back is a medium and long term credit carried out by the way of leasing machinery, equipment, means of transportation and other movable assets based on a Lease Agreement between KEXIM VLC and Lessee.
KEXIM VLC shall purchase the assets owned by Lessee, hold the ownership of the leased assets and lease this asset back to the same Lessee under the form of finance leasing. The Lessee shall use the leased assets and make the payment of lease rent during the lease term, which is agreed upon by KEXIM VLC and Lessee. Lessee is also a supplier in Sale and Lease Back transaction.
Upon completion of financial obligations by the Lessee, the ownership tittle over the leased assets will be transferred to the Lessee.
|Lessee||Legal entity operates in Vietnam|
|Leased asset||Machinery, equipment, means of transportation and other movable assets (exclude ship and airplane)|
|Purchase of Leased asset||Buyer : KEXIM VLC
User & Seller : Lessee
Leased asset shall be purchased from Lessee
|Purpose||Leased asset shall be used directly in the business activity of Lessee|
|Interest Rate||Interest rate shall be Fix rate and/or Floating rate which agreed by both parties|
|Repayment method||Periodic Installments of every month or every 3 months|