| The shipping is a capital-intensive industry, with high-risk and high-yield, need large funding. The ship building, sale and purchase of second-hand ship always involve huge capital funding, especially for more large and professional ships, their price is Corresponding rise. The leasing for ship has been a thorny issue for the shipping companies and shipbuilders all the times.Although the ship financing leasing is superior in kinds of favorable conditions in low financing costs, convenience and flexibility for the repayment procedures, helping small medium shipping enterprises to deposit finance payment. But it different from the general lending model, which is cleverly put ownership and the right of use the ship separated, The shipping company has the right to use ship for operation, with under a variety of contact rules sign with the financial leasing company. Cause the ship which is subject matter of leasing usually trade worldwide, so if operator the ship need to thinking out of the box with the special and complexity for combined the shipping with leasing. So as to make risk analysis and control of the ship finance leasing for shipping companies. The shipping market always a high-risk industry, with big market volatility and long market cycle, involved more and more large capital following the trend of larger-sized vessel. It becomes very important for the shipping companies to how to control and prevent the risk in the project of ship finance leasing.In this paper, based on the shipping financial lease project of S shipping enterprise’s second-hand ship S PRIDE ship as the case and theory with practice to comprehensively and systematically analyze the risks and control schemes of the financial leasing project. It explains the research status, types, mode of operation, process and basic characteristics of project in detail, and combines the control, operation and management of ship by the shipping demise charter to plan the various possible risks of shipping financial lease and work out the project team members and their division of labor and the responsibility, set up the schedule and capital budget of risk management, as well as analyze and recognize various risks, including credit risk in the implementation of S shipping enterprise project, the risk of ship operation and management, contract risk in project implementation, the risk of third responsible person, financial risk and other internal risk; market risk, interest rate risk, exchange rate risk and other external risks; as well as the political and legal risks, natural disasters and other special risks. This paper also uses the analytic hierarchy process by the combination to make the risk evaluation for the shipping financial lease project and formulates finance lease scheme of S PRIDE ship, then on this base puts forward the precaution in the actual operation of the project and the practical measures to keep away from the risks above mentioned.As it is well known, ship financial leasing project is a complicated system engineerin g. Based on the systematic point of view, as well as from the complex process of ship fi nancing lease, this paper combines the empirical and qualitative methods with the autho r’s practical experience to analyze the rights and obligations of the shipping companies i n the ship finance leasing project and intuitively present the entire financial leasing proj ect of the shipping companies, so that it could be better to identify the existing risk in ev ery link from the overall project process. |
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