It is, however, possible to register a ship in Mexico that is owned by non-Mexican entities, provided that the ship is leased to a Mexican entity under an agreement which qualifies as a finance lease from a Mexican law perspective. The terms of the finance lease would be broadly similar to an ordinary bareboat charter, but must also include, amongst other items, a breakdown of principal instalments and interest payments, an obligation to purchase the ship, and a number of mandatory provisions required by Mexican law.