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Offshore Leasing

Offshore leasing is the business of sub-letting movable property on hire for the purpose of the use of such property by hirer, regardless whether the letting is with or without an option to purchase the property or such other business. Movable property includes any plant, machinery, equipment or other chattel attached or to be attached to the earth.

Leasing transactions include the leasing of aircraft, vessels, and equipment related to oil and gas exploration.