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Law
Page 19
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SHORT HAULS
Buy-back lease deal
A NEW SCHEME to allow companies to release capital tied up in car fleets has been launched by Lex Vehicle Leasing, which will allow the company to sell its fleet to Lex at current value and then lease it back.
The company says that the scheme will allow firms to enter into leasing arrangements before the vehicles come up for replacement, rather than waiting until they got older, and will allow expansion of an already-large section of the industry.
Tailored policy
A NEW insurance service aimed at hauliers has been launched this week aimed at providing a package for each individual haulier.
Haulage Insurance Services will be offering an extended premium payment option and expects to be able to keep policy holders up-to-date with developments affecting their livelihood.
The company can be contacted at Whitby Road, Ellesmere Port, South Wirral.
New body builders
A NEW bodybuilding works is to open in Denny, near Stirling. Archie Russell, of Russells of Denny, has formed a new company to be called Central Fabricators. The business, to be based in the former Broomridge Foundry at Dennyloanhead, will deal with commercial vehicles.
BP tanker order
BP HAS ordered another 20 aluminium petrol tankers from Thompson Tankers. The units are expected to be viable at 32 or 35 tonnes gvw in anticipation of changes in the weight restrictions and will have "a capacity of 30,000 litres.