Concentration Of Credit Risk And Major Customers

12 Months Ended

Dec. 31, 2012

Concentration Of Credit Risk And Major Customers [Abstract]

Concentration Of Credit Risk And Major Customers

3. Concentration of credit risk and major customers:

The Company leases equipment to lessees in diversified industries. Leases are subject to AFS’s credit committee review. The leases provide for the return of the equipment to the Company upon default.

As of December 31, 2012 and 2011, there were concentrations (defined as greater than 10%) of equipment leased to lessees in certain industries (as a percentage of total equipment cost) as follows:

	2012	2011
Transportation, containers	46%	46%
Transportation, rail	42%	42%
Transportation, other	12%	11%
* Less than 10%

3. Concentration of credit risk and major customers (continued):

During 2012 and 2011, certain lessees generated significant portions (defined as 10% or more) of the Company’s total lease revenues as follows:

		Percentage of Total Lease Revenues
Lessee	Type of Equipment	2012	2011
Exsif Worldwide Inc.	Transportation, other	37%	36%
Bee Mar, LLC	Marine vessel	22%	19%
Bartlett Grain Company, L.P.	Railcars	*	11%
*  Less than 10%