(17) Commitments and Contingencies At the time we acquire or divest of our interest in an equipment lease or other financing transaction, we may, under very limited circumstances, agree to indemnify the seller or buyer for specific contingent liabilities. Our Manager believes that any liability of ours that may arise as a result of any such indemnification obligations will not have a material adverse effect on our consolidated financial condition or results of operations taken as a w hole. From November 2010 through March 2011, we, through our wholly-owned subsidiaries, sold four container vessels previously on bareboat charter to ZIM Integrated Shipping Services Ltd. ( ZIM ) to unaffiliated third parties. During June 2011, we receive d notices from ZIM claiming it was allegedly owed various amounts for unpaid seller s credits in the aggregate amount of approximately $7,300,000. Our Manager believes any obligation to repay the seller s credits was extinguished when ZIM defaulted by fail ing to fulfill certain of its obligations under the bareboat charters. On August 8, 2011, our Manager agreed to a three party arbitration panel to hear such claims. On April 19, 2012, ZIM filed arbitration claim submissions. On June 26, 2012, our Manager f iled a defense and counterclaim. On February 21, 2014, the arbitration panel ruled that the seller s credits were forfeited by virtue of ZIM s default but that such forfeiture was not proved to be an accurate representation of genuine loss suffered from su ch default and thus, could not b e enforced under English law . In light of the arbitration panel s ruling, we accrued approximately $4,700,000. We are in the process of appealing the arbitration panel s ruling. Future events may change the approximate amount of the accrual. On October 21, 2011, the Chapter 11 bankruptcy trustee for EAR filed an adversary complaint against the ICON EAR entities seeking the recovery of the lease payments that the trustee alleges were fraudulently transferred from EAR to the ICON EAR entities. T