FSL Trust presently has 21 vessels chartered out to seven lessees on long-term bareboat charter basis. The aggregate remaining contracted revenue of these leases stood at approximately US$640 million as at 30 June 2010. This translates to annual revenue of about US$86 million till year 2013, before the earliest lease maturity in 2014. However, FSL Trust does not operate a closed-end business model. The Trustee-manager aims to achieve growth and further diversification of FSL Trust’s vessel portfolio via accretive acquisition of vessels with long-term leases.