Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2013

Concentration of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

3.Concentration of credit risk and major customers:

The Partnership 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 upon default.

As of December 31, 2013 and 2012, there were concentrations (defined as greater than or equal to 10%) of equipment leased to lessees in certain industries (as a percentage of total equipment cost) as follows:

	2013	2012
Transportation	58%	61%
Forestry	22%	*
Retail/Food industry	20%	*
Marine Vessels	*	19%
*Less than 10%

During 2013 and 2012, certain lessees generated significant portions (defined as greater than or equal to 10%) of the Partnership’s total lease revenues, excluding gains or losses from disposition of assets, as follows:

		Percentage of Total Lease Revenues
Lessee	Type of Equipment	2013	2012
West Range Reclamation, LLC	Transportation	19%	*
Interstate Commodities	Transportation	15%	16%
Ferrous Processing and Trading	Transportation	11%	*
Nova Scotia Power Incorporated	Transportation	11%	*
Genesee & Wyoming Inc.	Transportation	11%	*
AET Offshore Services, Inc.	Marine vessel	*	28%
* Less than 10%