Take BIMCO sale and leaseback template as roadmap, experts argue
New standard term sheet from trade association makes for a good starting point, but parties involved will need to ensure a bespoke fit
The new standardised term sheet published by BIMCO will provide some useful guidance about how to put a term sheet together, but lawyers have warned that it is not a ‘silver bullet’ and the nuances of sale and leaseback make it difficult to draw up a ‘one size fits all’ template
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