##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 30, 2006
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number 0-23158
 CRONOS GLOBAL INCOME FUND XIV, L.P.
  California
    
    94-3163375(State or other jurisdiction of 
incorporation or organization)
    
    (I.R.S. Employer
Identification No.)One Front Street, Suite 925, San Francisco, California
    
    94111(Address of principal executive offices)
    
    (Zip Code)
 
 þ o
  o o þ
 o þ




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##### 



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Report on Form 10-Q for the Quarterly Period
Ended September 30, 2006
 TABLE OF CONTENTS
 PAGEPART I  FINANCIAL INFORMATION
    
    
    3Item 1. Financial Statements
    
    
    3Condensed Balance Sheets  September 30, 2006 and December 31, 2005 (unaudited)
    
    
    4Condensed Statements of Operations for the three and nine months ended September 30, 2006 and 2005 (unaudited)
    
    
    5Condensed Statements of Cash Flows for the nine months ended September 30, 2006 and 2005 (unaudited)
    
    
    6Notes to Condensed Financial Statements (unaudited)
    
    
    7Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    12Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    17Item 4. Controls and Procedures
    
    
    17PART II  OTHER INFORMATION
    
    
    18Item 1. Legal Proceedings
    
    
    18Item 1A. Risk Factors
    
    
    18Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    18Item 3. Defaults Upon Senior Securities
    
    
    18Item 4. Submissions of Matters to a Vote of Securities Holders
    
    
    18Item 5. Other Information
    
    
    18Item 6. Exhibits
    
    
    18EXHIBIT 31.1EXHIBIT 31.2EXHIBIT 32
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PART I  FINANCIAL INFORMATION
 
 Financial Statements
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Condensed Balance Sheets
 (Unaudited)
 September 30,
    
    
    December 31,2006
    
    
    2005AssetsCurrent assets:Cash and cash equivalents, includes $1,163,446 at September 30, 2006 and
$1,634,572 at December 31, 2005 in interest-bearing accounts
    
    $
    1,178,446
    
    
    $
    1,649,572Net lease and other receivables due from Leasing Company
    
    
    360,000
    
    
    
    427,800Total current assets
    
    
    1,538,446
    
    
    
    2,077,372Container rental equipment, at cost
    
    
    20,312,347
    
    
    
    26,037,800Less accumulated depreciation
    
    
    (15,578,935
    )
    
    
    (18,846,642
    )Net container rental equipment
    
    
    4,733,412
    
    
    
    7,191,158Total assets
    
    $
    6,271,858
    
    
    $
    9,268,530Partners CapitalPartners capital (deficit):General partner
    
    $
    (310,046
    )
    
    $
    (470,255
    )Limited partners
    
    
    6,581,904
    
    
    
    9,738,785Total partners capital
    
    $
    6,271,858
    
    
    $
    9,268,530
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Condensed Statements of Operations
 (Unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,2006
    
    
    2005
    
    
    2006
    
    
    2005Net lease revenue
    
    $
    405,538
    
    
    $
    605,363
    
    
    $
    1,299,539
    
    
    $
    1,941,986Other operating income (expenses):Depreciation
    
    
    (323,010
    )
    
    
    (445,827
    )
    
    
    (1,059,981
    )
    
    
    (1,441,949
    )Other general and administrative expenses
    
    
    (43,190
    )
    
    
    (31,178
    )
    
    
    (119,169
    )
    
    
    (95,505
    )Net gain (loss) on disposal of equipment
    
    
    76,415
    
    
    
    75,727
    
    
    
    192,748
    
    
    
    (589
    )(289,785
    )
    
    
    (401,278
    )
    
    
    (986,402
    )
    
    
    (1,538,043
    )Income from operations
    
    
    115,753
    
    
    
    204,085
    
    
    
    313,137
    
    
    
    403,943Other income:Interest income
    
    
    15,670
    
    
    
    11,503
    
    
    
    46,016
    
    
    
    29,729Net income
    
    $
    131,423
    
    
    $
    215,588
    
    
    $
    359,153
    
    
    $
    433,672Allocation of net income:General partner
    
    $
    93,550
    
    
    $
    29,108
    
    
    $
    258,164
    
    
    $
    98,672Limited partners
    
    
    37,873
    
    
    
    186,480
    
    
    
    100,989
    
    
    
    335,000$
    131,423
    
    
    $
    215,588
    
    
    $
    359,153
    
    
    $
    433,672Limited partners per unit share of income
    
    $
    0.01
    
    
    $
    0.06
    
    
    $
    0.03
    
    
    $
    0.11
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Condensed Statements of Cash Flows
 (Unaudited)
 Nine Months EndedSeptember 30,
    
    
    September 30,2006
    
    
    2005Net cash provided by operating activities
    
    $
    1,268,908
    
    
    $
    1,723,752Cash flows from investing activities:Proceeds from disposal of equipment
    
    
    1,615,791
    
    
    
    1,588,733Cash flows from financing activities:Distributions to general partner
    
    
    (97,955
    )
    
    
    (135,062
    )Distributions to limited partners
    
    
    (3,257,871
    )
    
    
    (3,842,298
    )Net cash used in financing activities
    
    
    (3,355,826
    )
    
    
    (3,977,360
    )Net decrease in cash and cash equivalents
    
    
    (471,127
    )
    
    
    (664,875
    )Cash and cash equivalents at the beginning of the period
    
    
    1,649,572
    
    
    
    2,235,887Cash and cash equivalents at the end of the period
    
    $
    1,178,445
    
    
    $
    1,571,012
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Notes to Unaudited Condensed Financial Statements
 Summary of Significant Accounting Policies
 (a)
    
    Nature of OperationsCronos Global Income Fund XIV, L.P. (the Partnership) is a limited partnership organized
under the laws of the State of California on July 30, 1992, for the purpose of owning and
leasing marine cargo containers worldwide to ocean carriers. The Partnerships operations
are subject to the fluctuations of world economic and political conditions. The
Partnership believes that the profitability of, and risks associated with, leases to
foreign customers are generally the same as those of leases to domestic customers. The
Partnerships leases generally require all payments to be made in United States currency.Cronos Capital Corp. (CCC) is the general partner and, with its affiliate Cronos
Containers Limited (the Leasing Company), manages the business of the Partnership. CCC
and the Leasing Company also manage the container leasing business for other partnerships
affiliated with CCC.The Partnership commenced operations on January 29, 1993 when the minimum subscription
proceeds of $2,000,000 were obtained. The Partnership offered 4,250,000 units of limited
partnership interests at $20 per unit, or $85,000,000. The offering terminated on November
30, 1993, by which time 2,984,309 limited partnership units had been sold.The Partnership is in its 14th year of operations and is in the liquidation phase wherein
CCC is focusing its attention on the retirement of the remaining equipment in the
Partnerships container fleet. At September 30, 2006, approximately 44% of the original
equipment remained in the Partnerships fleet. CCC takes several factors into
consideration when examining options for the timing of the disposal of the containers.
These factors include the impact of a diminishing fleet size and current market conditions
on the level of gross lease revenue, and fixed operating costs relative to this revenue.
Parallel to these considerations is a projected increase in expenses for devoting
significant resources to the additional reporting and compliance requirements of Section
404 of the Sarbanes Oxley Act of 2002, which addresses a range of corporate governance,
disclosure, and accounting issues. These costs may include increased accounting and
administrative expenses for additional staffing and outside professional services by
accountants and consultants. These additional costs, depending on their materiality, may
reduce the Partnerships results from operations and therefore negatively affect future
distributions to the Limited Partners.(b)
    
    Leasing Company and Leasing Agent AgreementA Leasing Agent Agreement exists between the Partnership and the Leasing Company,
whereby the Leasing Company has the responsibility to manage the leasing operations of all
equipment owned by the Partnership. Pursuant to the Agreement, the Leasing Company is
responsible for leasing, managing and re-leasing the Partnerships containers to ocean
carriers and has full discretion over which ocean carriers and suppliers of goods and
services it may deal with. The Leasing Agent Agreement permits the Leasing Company to use
the containers owned by the Partnership, together with other containers owned or managed by
the Leasing Company and its affiliates, as part of a single fleet operated without regard
to ownership. Since the Leasing Agent Agreement meets the definition of an operating lease
in Statement of Financial Accounting Standards (SFAS) No. 13, it is accounted for as a
lease under which the Partnership is lessor and the Leasing Company is lessee.
  
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Unaudited Condensed Financial Statements
 (b)
    
    Leasing Company and Leasing Agent Agreement (continued)The Leasing Agent Agreement generally provides that the Leasing Company will make
payments to the Partnership based upon rentals collected from ocean carriers after
deducting direct operating expenses and management fees to CCC and the Leasing Company.
The Leasing Company leases containers to ocean carriers, generally under operating leases
which are either master leases or term leases (mostly one to five years). Master leases do
not specify the exact number of containers to be leased or the term that each container
will remain on hire but allow the ocean carrier to pick up and drop off containers at
various locations, and rentals are based upon the number of containers used and the
applicable per-diem rate. Accordingly, rentals under master leases are all variable and
contingent upon the number of containers used. Most containers are leased to ocean
carriers under master leases; leasing agreements with fixed payment terms are not material
to the financial statements. Since there are no material minimum lease rentals, no
disclosure of minimum lease rentals is provided in these financial statements.(c)
    
    Basis of AccountingThe Partnership utilizes the accrual method of accounting. Net lease revenue is
recorded by the Partnership in each period based upon its leasing agent agreement with the
Leasing Company. Net lease revenue is generally dependent upon operating lease rentals
from operating lease agreements between the Leasing Company and its various lessees, less
direct operating expenses and management fees due in respect of the containers specified in
each operating lease agreement.(d)
    
    Use of EstimatesThe financial statements are prepared in conformity with accounting principles
generally accepted in the United States of America (GAAP), which require the Partnership to
make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reported period. Actual
results could differ from those estimates.The most significant estimates included within the financial statements are the container
rental equipment estimated useful lives and residual values, and the estimate of future
cash flows from container rental equipment operations. These estimates are used to
determine the carrying value of container rental equipment in accordance with SFAS No. 144.
Considerable judgment is required in estimating future cash flows from container rental
equipment operations. Accordingly, the estimates may not be indicative of the amounts that
may be realized in future periods. As additional information becomes available in
subsequent periods, recognition of an impairment of the container rental equipment carrying
values may be necessary based upon changes in market and economic conditions.(e)
    
    Container Rental EquipmentContainer rental equipment is depreciated over a 15-year life using the straight-line basis
to its salvage value, estimated to be 10% of its original equipment cost. Depreciation
policies are also evaluated to determine whether subsequent events and circumstances
warrant revised estimates of useful lives.In accordance with SFAS No. 144, Accounting for the Impairment or Disposal of
Long-Lived Assets, container rental equipment is considered to be impaired if the carrying
value of the asset exceeds the expected future cash flows from related operations
(undiscounted and without interest charges). If impairment is deemed to exist, the assets
are written down to fair value. An analysis projecting future cash flows from container
rental equipment operations is prepared annually, or upon material changes in market
conditions.
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Unaudited Condensed Financial Statements
 (e)
    
    Container Rental Equipment (continued)Current and projected utilization rates, per-diem rental rates, direct operating expenses,
fleet size and container disposals are the primary variables utilized by the analysis.
Additionally, the Partnership evaluates future cash flows and potential impairment by
container type rather than for each individual container, and as a result, future losses
could result for individual container dispositions due to various factors, including age,
condition, suitability for continued leasing, as well as the geographical location of
containers when disposed. There were no impairment charges to the carrying value of
container rental equipment for the three and nine-month periods ended September 30, 2006
and 2005.(f)
    
    Allocation of Net Income or Loss, Partnership Distributions and Partners Capital
AccountsNet income or loss has been allocated between the general and limited partners in
accordance with the Partnership Agreement. The Partnership Agreement generally provides
that CCC shall at all times maintain at least a 1% interest in each item of income or loss,
including the gain arising from the sale of containers. The Partnership Agreement further
provides that the gain arising from the sale of containers be allocated first to the
partners with capital account deficit balances in an amount sufficient to eliminate any
deficit capital account balance. Thereafter, the Partnerships gains arising from the sale
of containers are allocated to the partners in accordance with their share of sale proceeds
distributed. The Partnership Agreement also provides for income (excluding the gain
arising from the sale of containers) for any period be allocated to CCC in an amount equal
to that portion of CCCs distributions in excess of 1% of the total distributions made to
both CCC and the limited partners of the Partnership for such period, as well as other
allocation adjustments.Actual cash distributions differ from the allocations of net income or loss between the
general and limited partners as presented in these financial statements. Partnership
distributions are paid to its partners (general and limited) from distributable cash from
operations, allocated 95% to the limited partners and 5% to CCC. Distributions of sales
proceeds are allocated 99% to the limited partners and 1% to CCC. The allocations remain
in effect until such time as the limited partners have received from the Partnership
aggregate distributions in an amount equal to their capital contributions plus an 8%
cumulative, compounded (daily), annual return on their adjusted capital contributions.
Thereafter, all Partnership distributions will be allocated 85% to the limited partners and
15% to CCC. Cash distributions from operations to CCC in excess of 5% of distributable
cash will be considered an incentive fee and will be recorded as compensation to CCC, with
the remaining distributions from operations charged to partners capital.Upon dissolution, the assets of the Partnership will be sold and the proceeds thereof
distributed as follows: (i) all of the Partnerships debts and liabilities to person other
than CCC or the limited partners shall be paid and discharged; (ii) all of the
Partnerships debts and liabilities to CCC and the limited partners shall be paid and
discharged; and (iii) the balance of such proceeds shall be distributed to CCC and the
limited partners in accordance with the positive capital account balances of CCC and the
limited partners. CCC shall contribute to the Partnership, if necessary, an amount equal
to the lesser of the deficit balance in its capital account at the time of such
liquidation, or 1.01% of the excess of the Limited Partners capital contribution to the
Partnership over the capital contributions previously made to the Partnership by CCC, after
giving effect to the allocation of income or loss arising from the liquidation of the
Partnerships assets.
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Unaudited Condensed Financial Statements
 (g)
    
    Financial Statement PresentationThese financial statements have been prepared without audit pursuant to the rules and
regulations of the Securities and Exchange Commission. Certain information and footnote
disclosures normally included in financial statements prepared in accordance with
accounting principles generally accepted in the United States of America (GAAP) have been
condensed or omitted pursuant to such rules and regulations, although the Partnership
believes that the disclosures are adequate to make the information presented not
misleading. It is suggested that these financial statements be read in conjunction with
the financial statements and accompanying notes in the Partnerships December 31, 2005
Annual Report on Form 10-K.The interim financial statements presented herewith reflect, in the opinion of management,
all adjustments of a normal recurring necessary to present fairly the results for the
interim periods presented. The results of operations for such interim periods are not
necessarily indicative of the results to be expected for the full year.
 (2)
    
    Net Lease and Other Receivables Due from Leasing CompanyNet lease and other receivables due from the Leasing Company are determined by deducting direct
operating payables and accrued expenses, base management fees payable, and reimbursed
administrative expenses payable to CCC and its affiliates from the rental billings earned by
the Leasing Company under operating leases to ocean carriers for the containers owned by the
Partnership, as well as proceeds earned from container disposals. Net lease and other
receivables at September 30, 2006 and December 31, 2005 were as follows:
 September 30,
    
    
    December 31,2006
    
    
    2005Gross lease and other receivables
    
    $
    702,870
    
    
    $
    933,160Less:Direct operating payables and accrued expenses
    
    
    162,585
    
    
    
    245,322Damage protection reserve
    
    
    24,532
    
    
    
    87,426Base management fees payable (receivable)
    
    
    1,886
    
    
    
    (1,497
    )Reimbursed administrative expenses
    
    
    8,358
    
    
    
    15,150Allowance for doubtful accounts
    
    
    145,509
    
    
    
    158,959342,870
    
    
    
    505,360Net lease and other receivables
    
    $
    360,000
    
    
    $
    427,800
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CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Unaudited Condensed Financial Statements
 Net Lease Revenue
  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,2006
    
    
    2005
    
    
    2006
    
    
    2005Rental revenue
    
    $
    492,713
    
    
    $
    795,228
    
    
    $
    1,668,443
    
    
    $
    2,555,433Less:Rental equipment operating expenses
    
    
    26,013
    
    
    
    92,779
    
    
    
    151,339
    
    
    
    289,200Base management fees
    
    
    34,930
    
    
    
    55,781
    
    
    
    117,143
    
    
    
    176,630Reimbursed administrative expensesSalaries
    
    
    19,370
    
    
    
    30,840
    
    
    
    72,462
    
    
    
    106,531Other payroll related expenses
    
    
    1,334
    
    
    
    2,783
    
    
    
    9,109
    
    
    
    14,519General and administrative expenses
    
    
    5,528
    
    
    
    7,682
    
    
    
    18,851
    
    
    
    26,567Total reimbursed administrative
expenses
    
    
    26,232
    
    
    
    41,305
    
    
    
    100,422
    
    
    
    147,61787,175
    
    
    
    189,865
    
    
    
    368,904
    
    
    
    613,447Net lease revenue
    
    $
    405,538
    
    
    $
    605,363
    
    
    $
    1,299,539
    
    
    $
    1,941,986
 (4)
    
    Operating SegmentAn operating segment is a component of an enterprise that engages in business activities from
which it may earn revenues and incur expenses, whose operating results are regularly reviewed
by the enterprises chief operating decision maker to make decisions about resources to be
allocated to the segment and assess its performance, and about which separate financial
information is available. Management operates the Partnerships container fleet as a
homogenous unit and have, therefore, determined that the Partnership has a single reportable
operating segment.The Partnership derives revenues from dry cargo and refrigerated containers used by its
customers in global trade routes. As of September 30, 2006, the Partnership operated 4,140
twenty-foot 1,458 forty-foot and 148 forty-foot high-cube marine dry cargo containers, as well
as 202 twenty-foot and seven forty-foot marine refrigerated containers. A summary of gross
lease revenue earned by the Leasing Company, on behalf of the Partnership, by product, for the
three and nine-month periods ended September 30, 2006 and 2005 follows:
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,2006
    
    
    2005
    
    
    2006
    
    
    2005Dry cargo containers
    
    $
    383,546
    
    
    $
    603,003
    
    
    $
    1,297,181
    
    
    $
    1,907,016Refrigerated containers
    
    
    109,167
    
    
    
    192,225
    
    
    
    371,262
    
    
    
    648,417Total
    
    $
    492,713
    
    
    $
    795,228
    
    
    $
    1,668,443
    
    
    $
    2,555,433
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Managements Discussion and Analysis of Financial Condition and Results of
Operations
  Market Overview
      12




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Results of Operations
   
    
    Activity-related expenses, including agent and depot costs such as repairs,
maintenance and handling.
    
    Inventory-related expenses for off-hire containers, comprising storage and
repositioning costs. These costs are sensitive to the quantity of off-hire containers
as well as the frequency at which containers are re-delivered.
    
    Legal and other expenses, including legal costs related to the recovery of containers
and doubtful accounts, insurance and provisions for doubtful accounts.
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Dry Cargo
    
    RefrigeratedContainers
    
    Containers40-Foot20-Foot
    
    40-Foot
    
    High-Cube
    
    20-Foot
    
    40-FootContainers on lease:Master lease
    
    
    2,487
    
    
    
    793
    
    
    
    121
    
    
    
    130
    
    
    
    5Term leaseShort term1
    
    
    1,255
    
    
    
    556
    
    
    
    21
    
    
    
    21
    
    
    
    Long term2
    
    
    255
    
    
    
    39
    
    
    
    2
    
    
    
    
    
    
    
    Sales-type lease
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2
    
    
    
    1Subtotal
    
    
    3,997
    
    
    
    1,388
    
    
    
    144
    
    
    
    153
    
    
    
    6Containers off lease
    
    
    143
    
    
    
    70
    
    
    
    4
    
    
    
    49
    
    
    
    1Total container fleet
    
    
    4,140
    
    
    
    1,458
    
    
    
    148
    
    
    
    202
    
    
    
    7
 
 1.
    
    Short term leases represent term leases that are either scheduled for renegotiation or
that may expire on or before September 2007.2.
    
    Long term leases represent term leases, the majority of which will expire between
October 2007 and December 2010. Dry Cargo
    
    RefrigeratedContainers
    
    Containers40-Foot20-Foot
    
    40-Foot
    
    High-Cube
    
    20-Foot
    
    40-FootUnits
    
    %
    
    Units
    
    %
    
    Units
    
    %
    
    Units
    
    %
    
    Units
    
    %Total purchases
    
    
    8,778
    
    
    
    100
    %
    
    
    3,612
    
    
    
    100
    %
    
    
    216
    
    
    
    100
    %
    
    
    511
    
    
    
    100
    %
    
    
    350
    
    
    
    100
    %Less disposals
    
    
    4,638
    
    
    
    53
    %
    
    
    2,154
    
    
    
    60
    %
    
    
    68
    
    
    
    31
    %
    
    
    309
    
    
    
    60
    %
    
    
    343
    
    
    
    98
    %Remaining fleet at
September 30, 2006
    
    
    4,140
    
    
    
    47
    %
    
    
    1,458
    
    
    
    40
    %
    
    
    148
    
    
    
    69
    %
    
    
    202
    
    
    
    40
    %
    
    
    7
    
    
    
    2
    %
 Three Months Ended September 30, 2006 Compared to the Three Months Ended September 30, 2005
 Net lease revenue
 Three Months EndedSeptember 30,
    
    September 30,2006
    
    2005Fleet size (measured in twenty-foot equivalent units (TEU))Dry cargo containers
    
    
    7,576
    
    
    
    9,941Refrigerated containers
    
    
    228
    
    
    
    423Average utilization ratesDry cargo containers
    
    
    96
    %
    
    
    94
    %Refrigerated containers
    
    
    79
    %
    
    
    82
    %
 Depreciation expense
 Other general and administrative expenses
 14




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Net gain on disposal of equipment
  Nine Months Ended September 30, 2006 Compared to the Nine Months Ended September 30, 2005
 Net lease revenue
 Nine Months EndedSeptember 30,
    
    September 30,2006
    
    2005Fleet size (measured in twenty-foot equivalent units (TEU))Dry cargo containers
    
    
    8,210
    
    
    
    10,462Refrigerated containers
    
    
    265
    
    
    
    463Average utilization ratesDry cargo containers
    
    
    93
    %
    
    
    94
    %Refrigerated containers
    
    
    76
    %
    
    
    85
    %
 Depreciation expense
 Other general and administrative expenses
 Net gain on disposal of equipment
  15




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##### Table of Contents



Liquidity and Capital Resources
     Cash from Operating Activities
 Cash from Investing Activities
 Cash from Financing Activities
 16




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##### Table of Contents



Critical Accounting Policies
  
    
    Container equipment  depreciable lives
    
    Container equipment  valuation
    
    Allowance for doubtful accounts
  Inflation
  
 Quantitative and Qualitative Disclosures About Market Risk
 Exchange rate risk:
 
 Controls and Procedures
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##### Table of Contents



PART II  OTHER INFORMATION
 
 Legal Proceedings
  
 Risk Factors
  
 Unregistered Sales of Equity Securities and Use of Proceeds
  
 Defaults Upon Senior Securities
  
 Submissions of Matters to a Vote of Securities Holders
  
 Other Information
  
 Exhibits
  ExhibitNo.
    
    Description
    
    Method of Filing3(a)
    
    Limited Partnership Agreement, amended and
restated as of December 2, 1992
    
    *3(b)
    
    Certificate of Limited Partnership
    
    **10
    
    Form of Leasing Agent Agreement with
Cronos Containers Limited
    
    ***31.1
    
    Rule 13a-14 Certification
    
    Filed with this document31.2
    
    Rule 13a-14 Certification
    
    Filed with this document32
    
    Section 1350 Certification
    
    Filed with this document****
 
 *
    
    Incorporated by reference to Exhibit A to the Prospectus of the Partnership dated December
2, 1992, included as part of Registration Statement on Form S-1 (No. 33-51810)**
    
    Incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-1 (No.
33-51810)***
    
    Incorporated by reference to Exhibit 10.2 to the Registration Statement on Form S-1 (No.
33-51810)****
    
    This certification, required by Section 906 of the Sarbanes-Oxley Act of 2002, other than as
required by Section 906, is not to be deemed filed with the Commission or subject to the
rules and regulations promulgated by the Commission under the Securities Exchange Act of 1934,
as amended, or to the liabilities of Section 18 of said Act. 
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##### Table of Contents



SIGNATURES
  CRONOS GLOBAL INCOME FUND XIV, L.P.By
    
    Cronos Capital Corp.The General PartnerBy
    
    /s/ Dennis J. TietzDennis J. TietzPresident and Director of Cronos Capital Corp. (CCC)Principal Executive Officer of CCCBy
    
    /s/ John KallasJohn KallasChief Financial Officer and

Director of Cronos Capital Corp. (CCC) 

Principal Financial and Accounting Officer of CCC
  19




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##### Table of Contents



EXHIBIT INDEX
 ExhibitNo.
    
    Description
    
    Method of Filing3(a)
    
    Limited Partnership Agreement, amended and
restated as of December 2, 1992
    
    *3(b)
    
    Certificate of Limited Partnership
    
    **10
    
    Form of Leasing Agent Agreement with
Cronos Containers Limited
    
    ***31.1
    
    Rule 13a-14 Certification
    
    Filed with this document31.2
    
    Rule 13a-14 Certification
    
    Filed with this document32
    
    Section 1350 Certification
    
    Filed with this document ****
 
 *
    
    Incorporated by reference to Exhibit A to the Prospectus of the Partnership dated December
2, 1992, included as part of Registration Statement on Form S-1 (No. 33-51810)**
    
    Incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-1 (No.
33-51810)***
    
    Incorporated by reference to Exhibit 10.2 to the Registration Statement on Form S-1 (No.
33-51810)****
    
    This certification, required by Section 906 of the Sarbanes-Oxley Act of 2002, other than as
required by Section 906, is not to be deemed filed with the Commission or subject to the
rules and regulations promulgated by the Commission under the Securities Exchange Act of 1934,
as amended, or to the liabilities of Section 18 of said Act.