First Ship Lease Trust

[Boon]

Hi Boon,

What is your opnion on the value of FSL's vessels if they are unable to continue as a going concern?

We know the aframax market value is 17 mil and its 3 container ships have a fixed BBCE revenue until mid 2020

Presumably, we are talking about orderly sale and not fire sale here.
 
FVLCTS is based on charter free basis.
 
Vessel with secured charter contract should be worth more than on charter free basis.
 
Hence, value of FSL's vessels, taking secured charter contract into consideration, should be higher than V in 

FVLCTS.

Is this what you are trying to say ?
______________________________________________________________________________________________________________________