Leasing Schemes

• Leasing of ready-to-operate equipment (ROE)
• Leasing of equipment requiring assembly (ERA)
• Leasing of assets to be commissioned (ATC)
• Leasing of immovables (IMM)

■ Leasing of ready-to-operate equipment (ROE)

• Application for ROE leasing

Here is the ready-to-operate equipment: automotive vehicles and road construction machinery, rolling stocks and other railway system service equipment, oil-and-gas equipment, drilling and exploration equipment, avionics equipment, industrial machinery, office hardware and computer systems, process control tools, laboratory and office furniture and any property related to fixed assets.

ROE scheme features

• The Lessor purchases and leases an asset (leased asset), which is ready to operate.
• The Scheme is supposed to exclude any additional works in regard to the leased asset.
• The ROE leaseback scheme differs from the traditional one by the fact that the Lessee assumes Supplier’s function.

■ Leasing of equipment requiring assembly (ERA)

• Application for ERA leasing

ERA types: block-module boiler houses, module-built diesel power plants, module-type pre-fabricated buildings, various systems: conditioning, video surveillance and access control, fire suppression and alarm, uninterruptable power supply and other equipment complexes including the module-built ones.

ERA scheme features

• Under this Scheme, the Lessor purchases equipment requiring execution of additional works to put it to the ready-to-operate condition.
• Such equipment is considered to include any equipment commissioned upon assembly of its components, basement or support mounting. Instrumentation and other devices that are mounted together with the installed equipment are included in ERA as such.
• Equipment assembly requires consumables, which are excluded from the primary equipment content, but included in the cost of additional works.
• Additional works are performed by Contractor’s efforts under a Contractor Agreement between the Lessor and the Contractor. The Lessee receives the ready-to-operate asset upon completion of these works. Leasing payments will include additional work cost.

■ Leasing of assets to be commissioned (ATC)

• Application for ATC leasing

Leasing of assets to be commissioned in future is Gaztechleasing’s know-how. This scheme was introduced to allow implementation of “2007–2015 Special-Purpose Comprehensive Development Program of Gas-Filling Network and Natural Gas-Powered Machinery Fleet”, adopted in March 2007 by OAO Gazprom’s Board Chairman A. B. Miller, and under which 200 facilities are to be commissioned by 2015. This scheme applies to a broad category of other facilities: manufacturing buildings, warehouses and office buildings, industrial facilities, compressor stations, gas compressor units, gas-generators, electric generators, gas transmission infrastructure facilities, low and medium pressure network and other facilities and property.

The model suggests development of ready-to-lease (“turnkey”) manufacturing and infrastructure facilities including production capacities and immovable property with an extended investment duration or their modernization within the investment project frames.

Scheme features

• The Lessor transfers immovable assets under construction (under modernization) to the Lessee based on the Lessee’s application and outsources engineering companies/contractors/construction companies/regulatory authorities.
• Project comprises an investment stage (design and exploration work, equipment supply, construction or modernization, assembling and pre-commissioning) and the leasing period (as a part of the operation stage).
• To create a leasing asset at the investment stage, the parties enter into a provisional leasing agreement. The principal leasing agreement will be made to cover the leasing period.
• As per the effective legislation of RF, the Lessor undertakes to purchase an asset selected by the Lessee from the vendor under a sales and purchase agreement. For this purpose, the project will also involve Construction Customer to ensure construction of a facility; Design Engineer; General Contractor; Subcontractors. The Customer will repurchase the assets requiring modernization from the Owner at the initial phase of the project. The initial asset value is booked on the Customer’s balance.
• The Lessee initiates a technical supervision over the whole project implementation, if necessary.
• The leasing payments will include the asset value, modernization and other costs.

■ Leasing of immovables (IMM)

• Application for IMM leasing

Scheme features

• The standard scheme allows leasing ready-to-operate immovables.
• Leasing of immovables to be commissioned