First Ship Lease Trust (FSL Trust) has entered a memorandum of agreement to sell the vessel FSL Hong Kong to an unrelated third party, the trust said in a filing to SGX Wednesday.
The third party has lodged a 20 percent deposit on the vessel, which is a 115,000 DWT crude oil tanker built by Samsung Heavy Industries in South Korea in 2007, the filing said.
Most recently, the vessel has been trading in a revenue sharing agreement, FSL Trust said.
