Recently, JIC Leasing successfully finished the first ship business by the SPV mode. The ownership of ship “Taihang 188” was changed from the lessee to the SPV.

In June this year, JIC Leasing set up a SPV in the Dongjiang Bonded Port Area of Tianjin to push forward airplane and ship financing. Having in mind that special assets, like aircrafts and ships, are quite different from the ordinary movable properties, by establishing a SPV, JIC Leasing can separately deal with this kind of special movable properties to legally achieve isolation of risk. Furthermore, SPV’s equity can be used for trade and pledge separately, which is a boon for this company to complete a follow-up financing or asset securitization.