The ships are due to be delivered in late 2015 and early 2016, and have been chartered for a minimum of five years with two-year options to a Europe-based container line.
The charters will add $200m to SFL's backlog. Financing of the vessels is yet to be arranged by will follow "in due course".
Ole Hjertaker, Ship Finance Management ceo, commented: "Our charter backlog and long-term distribution capacity is building in an accretive manner, and there is still significant capacity for more investments without raising additional equity capital."
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