##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
 For the fiscal year ended December 31, 2007
 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
    
    (I.R.S. Employer Identification No.)incorporation or organization)
 
   Name of each exchange onTitle of each class
    
    which registeredNot Applicable
  UNITS OF LIMITED PARTNERSHIP INTERESTS
  o þ
 o þ
 þ o
 þ
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ
  o þ




---



##### 



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Report on Form 10-K for the Fiscal Year
Ended December 31, 2007
 TABLE OF CONTENTS
  
 PAGEPART I
    
    
    3Item 1  Business
    
    
    3Item 1A  Risk Factors
    
    
    10Item 1B  Unresolved Staff Comments
    
    
    12Item 2  Properties
    
    
    13Item 3  Legal Proceedings
    
    
    13Item 4  Submission of Matters to a Vote of Security Holders
    
    
    13PART II
    
    
    14Item 5  Market for the Registrants Common Equity and Related Stockholder Matters
    
    
    14Item 6  Selected Financial Data
    
    
    15Item 7  Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    15Item 7A Quantitative and Qualitative Disclosures About Market Risk
    
    
    21Item 8  Financial Statements and Supplementary Data
    
    
    21Item 9  Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
    
    
    36Item 9A  Controls and Procedures
    
    
    36Item 9A(T)  Controls and Procedures
    
    
    36Item 9B  Other Information
    
    
    36PART III
    
    
    37Item 10  Directors, Executive Officers and Corporate Governance
    
    
    37Item 11  Executive Compensation
    
    
    40Item 12  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters
    
    
    41Item 13  Certain Relationships and Related Transactions, and Director Independence
    
    
    41Item 14  Principal Accountant Fees and Services
    
    
    42PART IV
    
    
    43Item 15  Exhibits and Financial Statement Schedules
    
    
    43EXHIBIT 31.1EXHIBIT 31.2EXHIBIT 32
  2




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##### Table of Contents



PART I
 
 Item 1. Business
    Percentage ofAmount
    
    
    Gross ProceedsGross Subscription Proceeds
    
    $
    59,686,180
    
    
    
    100.0
    %Public Offering Expenses:Underwriting Commissions
    
    $
    5,968,618
    
    
    
    10.0
    %Offering and Organization Expenses
    
    $
    1,387,438
    
    
    
    2.3
    %Total Public Offering Expenses
    
    $
    7,356,056
    
    
    
    12.3
    %Net Proceeds
    
    $
    52,330,124
    
    
    
    87.7
    %Acquisition Fees
    
    $
    1,014,344
    
    
    
    1.7
    %Working Capital Reserve
    
    $
    598,566
    
    
    
    1.0
    %Gross Proceeds Invested in Equipment
    
    $
    50,717,214
    
    
    
    85.0
    %
     3




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##### Table of Contents



2007
    
    
    2006
    
    
    2005Dry cargo containers
    
    $
    1,194,354
    
    
    $
    1,673,850
    
    
    $
    2,455,773Refrigerated containers
    
    
    251,689
    
    
    
    457,897
    
    
    
    807,607Total
    
    $
    1,446,043
    
    
    $
    2,131,747
    
    
    $
    3,263,380
      4




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##### Table of Contents



Benefits of Leasing
  
    
    Leasing provides shipping lines with the flexibility to respond to rapidly changing market
opportunities as they arise without relying exclusively on their own containers;
    
    Leasing allows shipping lines to respond to changing seasonal and trade route demands, thereby
optimizing their capital investment and minimizing storage costs;
    
    Leasing enables shipping lines to expand their trade routes and market shares at a relatively
low cost without making a permanent commitment to support their new structure;
    
    Leasing allows the shipping lines to utilize the equipment they need without having to make
large capital expenditures;
    
    Leasing offers a shipping line an alternative source of financing in a traditionally
capital-intensive industry; and,
    
    Leasing allows shipping lines to benefit from the relationships between container
manufacturers and leasing companies.
 Fleet Profile
     Dry Cargo Containers
    
    Refrigerated Containers40-Foot20-Foot
    
    40-Foot
    
    High-Cube
    
    20-Foot
    
    40-FootContainers on lease:Master lease
    
    
    1,844
    
    
    
    547
    
    
    
    108
    
    
    
    51
    
    
    
    1Term leaseShort term1
    
    
    506
    
    
    
    92
    
    
    
    5
    
    
    
    10
    
    
    
    Long term2
    
    
    705
    
    
    
    346
    
    
    
    10
    
    
    
    2
    
    
    
    Sales-type lease
    
    
    7
    
    
    
    5
    
    
    
    
    
    
    
    4
    
    
    
    1Subtotal
    
    
    3,062
    
    
    
    990
    
    
    
    123
    
    
    
    67
    
    
    
    2Containers off lease
    
    
    116
    
    
    
    44
    
    
    
    11
    
    
    
    10
    
    
    
    Total container fleet
    
    
    3,178
    
    
    
    1,034
    
    
    
    134
    
    
    
    77
    
    
    
    2
 
 1.
    
    Short term leases represent term leases that are either scheduled for
renegotiation or that may expire in 2008.2.
    
    Long term leases represent term leases, the majority of which will expire
between 2009 and 2012. 5




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##### Table of Contents



Types of Leases
  
    
    Master leases.Master leases provide customers with flexibility by allowing them to
pick up containers where and when required on pre-agreed terms, subject to restrictions and
availability. Master leases also define the number of containers that may be returned
within each calendar month, the permitted return locations and applicable drop-off charges.
Due to the increased flexibility they offer, master leases usually command higher per diem
rates and generate more ancillary revenue (including pick-up, drop-off, handling and
off-hire revenue) than term leases. The commercial terms of master leases are usually
negotiated or renewed annually.
    
    Term leases.Term leases are for a fixed quantity of containers for a fixed period of
time, typically varying from three to five years. In most cases, containers cannot be
returned prior to the expiration of the lease. Some term lease agreements contain early
termination penalties that apply in the event of early redelivery. Term leases provide
greater revenue stability to the lessor, but usually at lower lease rates than master
leases. Ocean carriers use term leases to lower their operating costs when they have a
need for an identified number of containers for a specified term.
    
    Sales-type leases.Sales-type leases are long-term in nature, usually ranging from
three to seven years, and require relatively low levels of customer service. They
ordinarily require fixed payments over a defined period and provide customers with an
option to purchase the subject containers at the end of the lease term. Per-diem rates
include an element of repayment of capital and therefore are usually higher than rates
charged under either term or master leases.
    Customers
   6




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Repair and Maintenance
   Disposition of Used Containers
  Operations
     7




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Insurance
         8




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Environmental Matters
      9




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Item 1A. Risk Factors
  Risk Associated with Container Leasing
  Container leasing is subject to the cyclicality and fluctuations in world trade
  The Leasing Agent operates in a highly competitive industry
  Fluctuations in shipping lines fleet mix could have an adverse effect on the demand for
leased containers
  Consolidation within the shipping industry could have an adverse effect on the profitability
and financial condition of the Leasing Agent and the Partnership
  Customer defaults could have an adverse effect on the profitability and financial condition of
the Leasing Agent and the Partnership
  Fluctuations in the residual value of containers may impact profitability and the long-term
returns generated by leased equipment
  10




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Specialized containers could have potential mechanical, obsolescence and other risks
  There are political, economic and business risks inherent in the global business environment
  §
    
    Political instability;§
    
    Economic conditions in the shipping and other industries;§
    
    Increases in maintenance expenses, taxes, insurance costs, third party fees and other
expenses attributable to the operation and the maintenance of the containers that cannot be
offset by increased lease revenues from the containers;§
    
    Fluctuations in supply and demand for containers resulting from, among other things,
obsolescence, changes in the methods or economics of a particular mode of transportation or
changes in governmental regulations or safety standards;§
    
    The supply and cost of new containers;§
    
    Fluctuations in inflation, interest rates and foreign exchange rates;§
    
    Import and export tariffs and restrictions;§
    
    Restrictions on the movement of capital;§
    
    The imposition of new direct and indirect taxes in jurisdictions in which the Group
trades;§
    
    The risk of uninsured losses with respect to the containers or insured losses for which
insurance proceeds are inadequate;§
    
    The effects of strikes and labor disputes; and,§
    
    Terrorist attacks and the risk of terrorist attack.
 Environmental liability may adversely affect the Partnerships business and financial
situation
  Risk Associated with the Operations of an Equipment Leasing Business in Partnership Form
 There is no assurance of successful operations
  The Partnership has a high degree of reliance on CCC and the Leasing Agent.
  The Partnership is dependent on key personnel in CCC and the Leasing Agent
  11




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There is a lack of liquidity for Partnership units
  The Limited Partners have limited voting rights
  Limited liability is not clearly established
  Compensation of CCC and the Leasing Agent may not be linked to performance of Partnership
  CCC and the Leasing Agent may face potential conflicts of interest
  Cash distributions
  
 Item 1B. Unresolved Staff Comments
  12




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Item 2. Properties
  EstimatedContainers
    
    Quantity
    
    Useful Life
    
    Average Age
    
    Average Cost20-Foot Dry Cargo
    
    
    3,178
    
    
    15 years
    
    15 years
    
    $
    2,42840-Foot Dry Cargo
    
    
    1,034
    
    
    15 years
    
    15 years
    
    $
    4,14240-Foot High-Cube Dry Cargo
    
    
    134
    
    
    15 years
    
    9 years
    
    $
    3,10520-Foot Refrigerated
    
    
    77
    
    
    15 years
    
    13 years
    
    $
    17,21040-Foot Refrigerated
    
    
    2
    
    
    15 years
    
    15 years
    
    $
    14,390
   
 Item 3. Legal Proceedings
  
 Item 4. Submission of Matters to a Vote of Security Holders
  13




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PART II
 
 Item 5. Market for the Partnerships Common Equity and Related Stockholder Matters
 (a)
    
    Market Information
  (a)(1)(ii)
    
    Inapplicable.(a)(1)(iii)
    
    Inapplicable.(a)(1)(iv)
    
    Inapplicable.(a)(1)(v)
    
    Inapplicable.(a)(2)
    
    Inapplicable.(b)
    
    Holders
 Number of Unit Holders(b)(1)
    Title of Class
    
    as of December 31, 2007Units of limited partnership interests
    
    
    3,940
 (c)
    
    Dividends
      14




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Item 6. Selected Financial Data
 Year Ended December 31,2007
    
    2006
    
    2005
    
    2004
    
    2003Net lease revenue
    
    $
    1,024,791
    
    
    $
    1,671,467
    
    
    $
    2,466,199
    
    
    $
    2,866,160
    
    
    $
    2,602,764Net income (loss)
    
    $
    432,929
    
    
    $
    491,632
    
    
    $
    571,567
    
    
    $
    (78,371
    )
    
    $
    (402,067
    )Limited partners share of net
income (loss) (per unit basis)
    
    $
    0.04
    
    
    $
    0.04
    
    
    $
    0.14
    
    
    $
    (0.06
    )
    
    $
    (0.13
    )Cash distributions per unit of
limited partnership interest
    
    $
    0.81
    
    
    $
    1.37
    
    
    $
    1.66
    
    
    $
    1.22
    
    
    $
    1.26At year-end:Total assets
    
    $
    3,487,253
    
    
    $
    5,548,523
    
    
    $
    9,268,530
    
    
    $
    13,829,071
    
    
    $
    17,680,268Partners capital
    
    $
    3,487,253
    
    
    $
    5,548,523
    
    
    $
    9,268,530
    
    
    $
    13,829,071
    
    
    $
    17,680,268
 
 Item 7. Managements Discussion and Analysis of Financial Condition and Results of
Operations
    Liquidity and Capital Resources
  15




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Cash from Operating Activities:
 Cash from Investing Activities:
 Cash from Financing Activities:
 Off-Balance Sheet Arrangements
  Contractual Obligations
  16




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Results of Operations
 Overview
  Dry Cargo Containers
    
    Refrigerated Containers40-Foot20-Foot
    
    40-Foot
    
    High-Cube
    
    20-Foot
    
    40-FootContainers on lease:Master lease
    
    
    1,844
    
    
    
    547
    
    
    
    108
    
    
    
    51
    
    
    
    1Term leaseShort term1
    
    
    506
    
    
    
    92
    
    
    
    5
    
    
    
    10
    
    
    
    Long term2
    
    
    705
    
    
    
    346
    
    
    
    10
    
    
    
    2
    
    
    
    Sales-type lease
    
    
    7
    
    
    
    5
    
    
    
    
    
    
    
    4
    
    
    
    1Subtotal
    
    
    3,062
    
    
    
    990
    
    
    
    123
    
    
    
    67
    
    
    
    2Containers off lease
    
    
    116
    
    
    
    44
    
    
    
    11
    
    
    
    10
    
    
    
    Total container fleet
    
    
    3,178
    
    
    
    1,034
    
    
    
    134
    
    
    
    77
    
    
    
    2
 
 1.
    
    Short term leases represent term leases that are either scheduled for renegotiation or
that may expire in 2008.2.
    
    Long term leases represent term leases, the majority of which will expire between 2009
and 2012.  
    
    Activity-related expenses, include agents costs and depot costs such as repairs,
maintenance and handling.
    
    Inventory-related expenses for off-hire containers, comprise of 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 and the frequency and size of repositioning
moves undertaken.
    
    Legal and other expenses, include legal costs related to the recovery of containers and
doubtful accounts, insurance and provisions for doubtful accounts.
  Dry Cargo Containers
    
    Refrigerated 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
    
    
    5,600
    
    
    
    64
    %
    
    
    2,578
    
    
    
    71
    %
    
    
    82
    
    
    
    38
    %
    
    
    434
    
    
    
    85
    %
    
    
    348
    
    
    
    99
    %Remaining fleet at December 31, 2007
    
    
    3,178
    
    
    
    36
    %
    
    
    1,034
    
    
    
    29
    %
    
    
    134
    
    
    
    62
    %
    
    
    77
    
    
    
    15
    %
    
    
    2
    
    
    
    1
    %
  17




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##### Table of Contents



2007
    
    2006
    
    2005Fleet size (measured in
twenty-foot equivalent units
(TEU))Dry cargo containers
    
    
    6,222
    
    
    
    7,952
    
    
    
    10,138Refrigerated containers
    
    
    150
    
    
    
    251
    
    
    
    435Average utilization ratesDry cargo containers
    
    
    97
    %
    
    
    94
    %
    
    
    94
    %Refrigerated containers
    
    
    80
    %
    
    
    76
    %
    
    
    83
    %
     18




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##### Table of Contents



Year Ended December 31, 2007 Compared to the Year Ended December 31, 2006
 Net lease revenue
 Depreciation expense
 Other general and administrative expenses
 Net gain on disposal of equipment
 Year Ended December 31, 2006 Compared to the Year Ended December 31, 2005
 Net lease revenue
 Depreciation expense
 Other general and administrative expenses
 Net gain on disposal of equipment
 Critical Accounting Policies
 Container equipment  depreciable lives
 19




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##### Table of Contents



Container equipment  valuation:
 Allowance for doubtful accounts:
 New Accounting Pronouncements Not Yet Adopted
   Inflation
  The Cronos Group
  20




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Item 7A. Quantitative and Qualitative Disclosures About Market Risk
 Exchange rate risk:
 Credit risk:
 
 Item 8. Financial Statements and Supplementary Data
 21




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##### Table of Contents



REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
       /s/ Dennis J. TietzDennis J. Tietz,President and Director of Cronos Capital Corp.,
General Partner of the Partnership/s/ Frank P. VaughanFrank P. Vaughan,Chief Financial Officer of Cronos Capital Corp,.
General Partner of the Partnership 22




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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
    
  23




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Balance Sheets
 December 31, 2007 and 2006
 2007
    
    
    2006AssetsCurrent assets:Cash and cash equivalents, includes $977,456 in 2007 and
$1,027,791 in 2006 in interest-bearing accounts
    
    $
    992,456
    
    
    $
    1,042,791Net lease receivables due from Leasing Agent
    
    
    247,443
    
    
    
    334,430Sales-type lease receivable, net, due from Leasing Agent within one year
    
    
    39,086
    
    
    
    Total current assets
    
    
    1,278,985
    
    
    
    1,377,221Sales-type lease receivable, net, due from Leasing Agent after one year
    
    
    52,576
    
    
    
    Container rental equipment, at cost
    
    
    13,722,811
    
    
    
    19,091,024Less accumulated depreciation
    
    
    (11,567,119
    )
    
    
    (14,919,722
    )Net container rental equipment
    
    
    2,155,692
    
    
    
    4,171,302Total assets
    
    $
    3,487,253
    
    
    $
    5,548,523Partners CapitalPartners capital (deficit):General partner
    
    $
    2,556
    
    
    $
    (229,740
    )Limited partners
    
    
    3,484,697
    
    
    
    5,778,263Total partners capital
    
    $
    3,487,253
    
    
    $
    5,548,523
  24




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CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Statements of Operations
 For the years ended December 31, 2007, 2006 and 2005
 2007
    
    
    2006
    
    
    2005Net lease revenue from Leasing Agent
    
    $
    1,024,791
    
    
    $
    1,671,467
    
    
    $
    2,466,199Other operating income (expenses):Depreciation
    
    
    (1,037,323
    )
    
    
    (1,366,245
    )
    
    
    (1,854,427
    )Other general and administrative expenses
    
    
    (151,869
    )
    
    
    (153,645
    )
    
    
    (123,739
    )Net gain on disposal of equipment
    
    
    556,047
    
    
    
    281,313
    
    
    
    40,069(633,145
    )
    
    
    (1,238,577
    )
    
    
    (1,938,097
    )Income from operations
    
    
    391,646
    
    
    
    432,890
    
    
    
    528,102Other income:Interest income
    
    
    41,283
    
    
    
    58,742
    
    
    
    43,465Net income
    
    $
    432,929
    
    
    $
    491,632
    
    
    $
    571,567Allocation of net income:General partner
    
    $
    301,744
    
    
    $
    361,164
    
    
    $
    163,562Limited partners
    
    
    131,185
    
    
    
    130,468
    
    
    
    408,005$
    432,929
    
    
    $
    491,632
    
    
    $
    571,567Limited partners per unit share of net income
    
    $
    0.04
    
    
    $
    0.04
    
    
    $
    0.14
  25




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CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Statements of Partners Capital
 For the years ended December 31, 2007, 2006 and 2005
 Limited
    
    
    GeneralPartners
    
    
    Partner
    
    
    TotalBalances at January 1, 2005
    
    $
    14,292,196
    
    
    $
    (463,125
    )
    
    $
    13,829,071Net income
    
    
    408,005
    
    
    
    163,562
    
    
    
    571,567Cash distributions
    
    
    (4,961,416
    )
    
    
    (170,692
    )
    
    
    (5,132,108
    )Balances at December 31, 2005
    
    $
    9,738,785
    
    
    $
    (470,255
    )
    
    $
    9,268,530Net income
    
    
    130,468
    
    
    
    361,164
    
    
    
    491,632Cash distributions
    
    
    (4,090,990
    )
    
    
    (120,649
    )
    
    
    (4,211,639
    )Balances at December 31, 2006
    
    $
    5,778,263
    
    
    $
    (229,740
    )
    
    $
    5,548,523Net income
    
    
    131,185
    
    
    
    301,744
    
    
    
    432,929Cash distributions
    
    
    (2,424,751
    )
    
    
    (69,448
    )
    
    
    (2,494,199
    )Balances at December 31, 2007
    
    $
    3,484,697
    
    
    $
    2,556
    
    
    $
    3,487,253
  26




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Statements of Cash Flows
 For the years ended December 31, 2007, 2006 and 2005
 2007
    
    
    2006
    
    
    2005Cash flows from operating activities:Net income
    
    $
    432,929
    
    
    $
    491,632
    
    
    $
    571,567Adjustments to reconcile net income to net cash from
operating activities:Depreciation
    
    
    1,037,323
    
    
    
    1,366,245
    
    
    
    1,854,427Net gain on disposal of equipment
    
    
    (556,047
    )
    
    
    (281,313
    )
    
    
    (40,069
    )Decrease
(increase) in net lease receivables due from Leasing Agent
    
    
    145,841
    
    
    
    26,560
    
    
    
    (36,867
    )Total adjustments
    
    
    627,117
    
    
    
    1,111,492
    
    
    
    1,777,491Net cash provided by operating activities
    
    
    1,060,046
    
    
    
    1,603,124
    
    
    
    2,349,058Cash flows from investing activities:Proceeds from sale of container rental equipment
    
    
    1,383,818
    
    
    
    2,001,734
    
    
    
    2,196,735Cash flows from financing activities:Distributions to general partner
    
    
    (69,448
    )
    
    
    (120,649
    )
    
    
    (170,692
    )Distributions to limited partners
    
    
    (2,424,751
    )
    
    
    (4,090,990
    )
    
    
    (4,961,416
    )Net cash used in financing activities
    
    
    (2,494,199
    )
    
    
    (4,211,639
    )
    
    
    (5,132,108
    )Net decrease in cash and cash equivalents
    
    
    (50,335
    )
    
    
    (606,781
    )
    
    
    (586,315
    )Cash and cash equivalents at beginning of year
    
    
    1,042,791
    
    
    
    1,649,572
    
    
    
    2,235,887Cash and cash equivalents at end of year
    
    $
    992,456
    
    
    $
    1,042,791
    
    
    $
    1,649,572
  27




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 
 Notes to Financial Statements
 December 31, 2007, 2006 and 2005
 (1)
    
    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 to ocean carriers. 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, at which time 2,984,309
limited partnership units had been sold.Cronos Capital Corp. (CCC), the general partner and its affiliate, Cronos Containers
Limited (the Leasing Agent), manage the business of the Partnership. CCC and the
Leasing Agent also manage the container leasing business for other partnerships affiliated
with CCC.In January 2008, the Partnership will complete its 15th year of operations, with a fleet
size measuring approximately 33% of the Partnerships original equipment. Future periods
are expected to generate diminishing results as the Partnerships smaller fleet now has a
greater impact on its operations than global economic growth and container trade. The
General Partner anticipates liquidating the remaining containers in the fleet by year-end
2008 but no final decision has been made. Accordingly, the financial statements presented
herein are prepared on a going concern basis. The General Partner will continue to
monitor the resale market for used containers and the Partnerships operations to
determine when the Partnership should be terminated.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 is generally the same as those to domestic
customers. The Partnerships leases generally require all payments to be made in United
States currency.(b)
    
    The Cronos GroupThe Cronos Group (TCG), formerly the parent of CCC, announced on February 28, 2007 that
it had entered into an Asset Purchase Agreement (Asset Purchase Agreement) with CRX
Acquisition Ltd, a Bermuda exempted company (CRX) and FB Transportation Capital LLC, a
Delaware limited liability company (FB Transportation). Under the terms of the Asset
Purchase Agreement, and subject to the conditions stated therein, TCG agreed to sell all
of its assets to CRX and CRX agreed to assume all of TCGs liabilities. FB Transportation
is part of the Fortis group of companies, which included TCGs lead lender and a partner
in a container leasing joint venture with TCG.At a special meeting held August 1, 2007, TCGs shareholders approved the Asset Purchase
Agreement and the transactions contemplated thereunder, including TCGs dissolution and
liquidation. Closing of the sale of TCGs assets and liabilities to CRX occurred later
that same day. Promptly following the closing, TCG changed its name to CRG Liquidation
Company, and CRX changed its name to Cronos Ltd.The container leasing business of TCG has been continued by Cronos Ltd. as a private
company. Management of TCG has continued as the management of Cronos Ltd and acquired at
closing an equity interest in Cronos Ltd.
 28




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (1)
    
    Summary of Significant Accounting Policies (continued)
 (c)
    
    Leasing AgentThe Partnership and the Leasing Agent have entered into an agreement (the The Leasing
Agent Agreement) whereby the Leasing Agent manages the leasing operations for all
equipment owned by the Partnership. In addition to responsibility for leasing and
re-leasing the equipment to ocean carriers, the Leasing Agent disposes of the containers
at the end of their useful economic life 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 Agent to use the containers owned by the Partnership,
together with other containers owned or managed by the Leasing Agent and its affiliates,
as part of a single fleet operated without regard to ownership. The Leasing Agent
Agreement generally provides that the Leasing Agent will make payments to the Partnership
based upon rentals collected from ocean carriers after deducting direct operating expenses
and management fees due both to CCC and the Leasing Agent.The Leasing Agent 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 charged and recognized 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.Term leases are for a fixed quantity of containers for a fixed period of time, typically
varying from three to five years. In most cases, containers cannot be returned prior to
the expiration of the lease. Term lease agreements may contain early termination
penalties that apply in the event of early redelivery. Term leases provide greater
revenue stability to the lessor, usually at lower lease rates than master leases. Ocean
carriers use term leases to lower their operating costs when they have a need for an
identified number of containers for a specified term. Rentals under term leases are
charged and recognized based upon the number of containers leased, the applicable per diem
rate and the length of the lease, irrespective of the number of days which the customer
actually uses the containers.Sales-type leases are long-term in nature, usually ranging from three to seven years, and
require relatively low levels of customer service. They ordinarily require fixed payments
over a defined period and provide customers with an option to purchase the subject
containers at the end of the lease term. Per-diem rates include an element of repayment
of capital and therefore are usually higher than rates charged under either term or master
leases.(d)
    
    Concentrations of Credit RiskThe Partnerships financial instruments that are exposed to concentrations of credit risk
consist primarily of cash, cash equivalents and net lease receivables due from the Leasing
Agent. See note 3 for further discussion regarding the credit risk associated with cash
and cash equivalents.Net lease receivables due from the Leasing Agent (see notes
1(c) and 4 for discussion
regarding net lease receivables) subject the Partnership to a significant concentration of
credit risk. The net lease receipts, represent rentals collected from ocean carriers
after deducting payments for direct operating expenses and management fees, are remitted
by the Leasing Agent to the Partnership on a weekly basis.(e)
    
    Basis of AccountingThe Partnerships accounting records are maintained in United States dollars and the
financial statements are prepared in accordance with accounting principles generally
accepted in the United States of America (US GAAP).
 29




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (1)
    
    Summary of Significant Accounting Policies (continued)
 (f)
    
    Use of EstimatesThe preparation of financial statements in conformity with US GAAP requires 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. The most significant estimates relate to the carrying value
of equipment including estimates relating to depreciable lives, residual values and asset
impairments. Actual results could differ from those estimates.(g)
    
    Allocation of Net Income or Loss, Partnership Distributions and Partners
CapitalNet 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s
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 balances of CCC and the limited partners
capital accounts. 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.(h)
    
    Acquisition FeesPursuant to the Partnership Agreement, acquisition fees paid to CCC are based on 5% of the
equipment purchase price. These fees are capitalized and included in the cost of the
container rental equipment.
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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (1)
    
    Summary of Significant Accounting Policies (continued)
 (i)
    
    Container Rental EquipmentContainer rental equipment is depreciated over a 15-year life using the straight-line
basis to a residual value of 10% of original equipment cost. Depreciation policies are
also evaluated to determine whether events and circumstances warrant revised estimates of
useful lives. Residual values are only revised downwards.In accordance with SFAS 144, 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 of projected future cash flows
from container operations is prepared annually or upon material changes in market
conditions. The primary variables utilized by the analysis are current and projected
utilization rates, per-diem rental rates, direct operating expenses, fleet size, container
disposal proceeds and the timing of container disposals.Additionally, the Partnership evaluates future cash flows and potential impairment for its
entire container fleet rather than for each container type or individual container. 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.(j)
    
    Income TaxesThe Partnership is not subject to income taxes, consequently no provision for income taxes
has been made. The Partnership files federal and state annual information tax returns,
prepared on the accrual basis of accounting. Taxable income or loss is reportable by the
partners individually.(k)
    
    New Accounting Pronouncements Not Yet AdoptedIn September 2006 the FASB issued SFAS No. 157, Fair Value Measurements (SFAS 157),
which provides a single definition of fair value, establishes a framework for the
measurement of fair value and expands disclosure about the use of fair value to measure
assets and liabilities. SFAS 157 is effective for fiscal years beginning after November
15, 2007, and for interim periods within those fiscal years; SFAS 157 will therefore be
applicable for the Partnerships fiscal year commencing January 1, 2008. In November
2007, the FASB agreed to defer the effective date of Statement 157 for all non financial
assets and liabilities by one year.  The Partnership will adopt the effective provisions
of SFAS 157 on January 1, 2008, and does not expect adoption to have an impact on the
balance sheet or statement of operations, however additional disclosures may be required
about the inputs used to develop the fair measures and the effect of certain measures on
changes in assets and liabilities for the period.In February 2007, the FASB issued SFAS No. 159  The Fair Value Option for Financial
Assets and Financial Liabilities (SFAS 159). SFAS 159 is effective for financial
statements for fiscal years beginning after November 15, 2007, with early adoption
permitted provided the entity also elects to apply SFAS 157. SFAS 159 permits all
entities to choose, at specified election dates, to measure eligible items at fair value.
The Partnership will adopt SFAS 159 on January 1, 2008, however, the Partnership does not
intend to use the fair value option for any of its existing financial assets and
liabilities and consequently, adoption will have no impact.
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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (2)
    
    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. The General Partner operates the Partnerships container fleet as a
homogenous unit and has determined that as such, it has a single reportable operating segment.The Partnership derives revenues from marine dry cargo and refrigerated containers. As of
December 31, 2007, the Partnership owned 3,178 twenty-foot, 1,034 forty-foot and 134 forty-foot
high-cube marine dry cargo containers, as well as 77 twenty-foot and two forty-foot marine
refrigerated containers. A summary of gross lease revenue earned by each Partnership container
product, for the years ended December 31, 2007, 2006 and 2005 follows:
 2007
    
    
    2006
    
    
    2005Dry cargo containers
    
    $
    1,194,354
    
    
    $
    1,673,850
    
    
    $
    2,455,773Refrigerated containers
    
    
    251,689
    
    
    
    457,897
    
    
    
    807,607Total
    
    $
    1,446,043
    
    
    $
    2,131,747
    
    
    $
    3,263,380
 Due to the Partnerships lack of information regarding the physical location of its fleet of
containers when on lease in the global shipping trade, the Partnership believes that it does
not possess discernible geographic reporting segments as defined in SFAS No. 131, (SFAS 131),
Disclosures about Segments of an Enterprise and Related Information.The Partnership does not believe that its ongoing business is dependent upon a single
sub-lessee of the Leasing Agent, although the loss of one or more of the Leasing Agents
sub-lessees could have an adverse effect upon its business. The following sub-lessees each
accounted for more than 10% of the gross lease revenue generated by the Partnership equipment
in the years ended December 31, 2007, 2006 and 2005, respectively:
 §
    
    During 2007, Mediterranean Shipping Company S.A. (MSC) generated approximately
24%, or $353,758, and Hamburg Sudamerikanische Dampfschifffahrts-Gesellschaft KG
generated approximately 23%, or $328,011, respectively.§
    
    During 2006, MSC generated approximately 24%, or $510,290, and Hapag-Lloyd AG
generated approximately 13%, or $274,121, respectively.§
    
    During 2005, MSC generated approximately 19%, or $614,129, and Container Equipment
Leasing generated approximately 14%, or $468,603, respectively.
 Substantially all of the sub-lessees of the Leasing Agent are billed and pay in United States
dollars.(3)
    
    Cash and Cash EquivalentsCash equivalents include money market funds with original maturities of three months or less
that invest in highly-liquid securities, such as U.S. Treasury obligations, repurchase
agreements secured by U.S. Treasury obligations, and obligations whose principal and interest
are backed by the U.S. Government. Cash equivalents are carried at cost which approximates
fair value, and at times, may exceed federally insured limits. The Partnership has not
experienced any losses in such accounts and believes it is not exposed to any significant
credit risk.
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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (4)
    
    Net Lease Receivables due from Leasing AgentNet lease receivables at December 31, 2007 and 2006 comprised:
 December 31,
    
    
    December 31,2007
    
    
    2006Gross lease receivables
    
    $
    637,593
    
    
    $
    679,307Less:Direct operating payables and accrued expenses
    
    
    133,399
    
    
    
    197,703Base management fees payable (receivable)
    
    
    8,413
    
    
    
    (1,195
    )Reimbursed administrative expenses
    
    
    5,527
    
    
    
    8,774Allowance for doubtful accounts
    
    
    242,811
    
    
    
    139,595390,150
    
    
    
    344,877Net lease receivables
    
    $
    247,443
    
    
    $
    334,430
 Included within the amount of gross lease receivables are
$150,516 in respect of
amount owed by the Leasing Agent and $66,810 in respect of amount
owed to the Leasing Agent in relation to the disposal of containers for the years ended
December 31, 2007 and 2006, respectively.Doubtful debt expense (credit) charged during the year was $103,216 and $(13,417) for the years
ended December 31, 2007 and 2006, respectively.(5)
    
    Sales-Type Lease Receivable due from Leasing AgentOn September 1, 2007, the Leasing Agent, on behalf of the Partnership, entered into a lease
purchase agreement that includes bargain purchase options. The Partnership classified the
lease purchase agreement as a sales-type lease and recorded sales-type lease receivables. The
underlying equipment had previously been classified as container rental equipment. The
sales-type lease expires on April 30, 2010. At December 31, 2007, the minimum future lease
rentals under this sales-type lease, net of unearned income were:
 Gross Sales-Type
    
    

    Unearned Sales-Type
    
    

    Net Minimum FutureLease Receivable
    
    

    Lease Income
    
    

    Sales-Type Lease Rentals2008
    
    
    39,967
    
    

    
    881
    
    

    
    39,0862009
    
    
    39,858
    
    

    
    391
    
    

    
    39,4672010
    
    
    13,130
    
    

    
    21
    
    

    
    13,109Total
    
    $
    92,955
    
    

    $
    1,293
    
    

    $
    91,662
 (6)
    
    Damage Protection PlanThe Leasing Agent offers a repair service to several customers of the Partnerships containers,
whereby the customer pays an additional rental fee for the convenience of having the
Partnership incur the repair expense for containers damaged while on lease. This fee is
recorded as revenue when earned according to the terms of the rental contract. Repair costs,
when incurred by this service, are included within direct operating expenses, a component of
net lease revenue. The Partnership is not responsible in the event repair costs exceed
predetermined limits, or for repairs that are required for damages not defined by the damage
protection plan agreement.
 33




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (7)
    
    Net Lease RevenueNet lease revenue for 2007, 2006 and 2005 comprised:
 2007
    
    
    2006
    
    
    2005Gross lease revenue
    
    $
    1,446,043
    
    
    $
    2,131,747
    
    
    $
    3,263,380Less:Direct operating expenses
    
    
    251,509
    
    
    
    183,423
    
    
    
    383,924Base management fees
    
    
    89,176
    
    
    
    149,414
    
    
    
    225,657Reimbursed administrative expenses:Salaries
    
    
    55,858
    
    
    
    91,085
    
    
    
    134,156Other payroll related expenses
    
    
    8,738
    
    
    
    11,963
    
    
    
    18,880General and administrative expenses
    
    
    15,971
    
    
    
    24,395
    
    
    
    34,56480,567
    
    
    
    127,443
    
    
    
    187,600421,252
    
    
    
    460,280
    
    
    
    797,181Net lease revenue
    
    $
    1,024,791
    
    
    $
    1,671,467
    
    
    $
    2,466,199
 Contingent master lease rentals earned on Partnership equipment approximated $932,553,
$1,399,279, and $2,180,917 of gross lease revenue, respectively, in the years ended December
31, 2007, 2006 and 2005, respectively.As of December 31, 2007, the minimum lease rentals receivable on Partnership equipment in
future years under non-cancelable term operating leases were:
 2008
    
    $
    252,6032009
    
    
    146,5462010
    
    
    143,1032011
    
    
    121,7062012
    
    
    30,5272013 and thereafter
    
    
    1,460Total
    
    $
    695,945
 (8)
    
    Related party transactionsThe general partner, CCC, and its affiliates, the leasing agent are related parties of the
partnership.Base management fees are equal to 7% of the gross lease revenue earned on the Partnership
equipment. Reimbursed administrative expenses are equal to the costs expended by CCC and its
affiliates for services necessary for the prudent operation of the Partnership pursuant to the
Partnership Agreement. The following compensation was paid or payable by the Partnership to
CCC and the Leasing Agent for the years indicated:
 2007
    
    
    2006
    
    
    2005Base management feesLeasing Agent
    
    $
    89,176
    
    
    $
    149,414
    
    
    $
    225,657Reimbursed administrative expensesCCC
    
    
    10,771
    
    
    
    16,543
    
    
    
    24,532Leasing Agent
    
    
    69,796
    
    
    
    110,900
    
    
    
    163,06880,567
    
    
    
    127,443
    
    
    
    187,600$
    169,743
    
    
    $
    276,857
    
    
    $
    413,257
 34




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##### Table of Contents



CRONOS GLOBAL INCOME FUND XIV, L.P.
 Notes to Financial Statements
 (8)
    
    Related party transactions (continued)The following compensation was payable to CCC and the Leasing Agent at December 31, 2007
and 2006:
 2007
    
    
    2006CCC
    
    $
    689
    
    
    $
    994Leasing Agent
    
    
    13,251
    
    
    
    6,585$
    13,940
    
    
    $
    7,579
 (9)
    
    Limited Partners CapitalCash distributions made to the limited partners during 2007, 2006 and 2005 were as follows:
 2007
    
    
    2006
    
    
    2005Cash Distribution from Operations
    
    $
    1,056,944
    
    
    $
    1,865,196
    
    
    $
    2,835,094Cash Distribution from Sales Proceeds
    
    
    1,367,807
    
    
    
    2,225,794
    
    
    
    2,126,322Total Cash Distributions
    
    $
    2,424,751
    
    
    $
    4,090,990
    
    
    $
    4,961,416
 These distributions are used in determining Adjusted Capital Contributions as defined by the
Partnership Agreement.The limited partners per unit share of capital at December 31, 2007, 2006 and 2005 was $1, $2
and $3, respectively. This is calculated by dividing the limited partners capital at the end
of each year by 2,984,309, the total number of limited partnership units.
 35




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##### Table of Contents



Item 9.
    
    Changes In and Disagreements With Accountants on Accounting and Financial
Disclosure
  
 Item 9A. Controls and Procedures
  
 Item 9A(T). Controls and Procedures
    
 Item 9B. Other Information
  36




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##### Table of Contents



PART III
 
 Item 10. Directors, Executive Officers and Corporate Governance
  Name
    
    OfficeDennis J. Tietz
    
    President and DirectorPeter J. Younger
    
    Vice President and DirectorJohn Kallas
    
    Vice President, Secretary/Treasurer and DirectorFrank P. Vaughan
    
    Vice President, Chief Financial Officer and Director
 Dennis J. Tietz
   Peter J. Younger
  John Kallas
  Frank P. Vaughan
 37




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##### Table of Contents



Name
    
    TitleFrank P. Vaughan
    
    Director and Secretary of Leasing Agent and Vice President, Chief Financial
Officer of Cronos LtdJohn C. Kirby
    
    Director of Leasing Agent and Vice President  Atlantic Region of Cronos Ltd.Timothy W. Courtenay
    
    Director
 Frank P. Vaughan
  John C. Kirby
 Timothy W. Courtenay
 38




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##### Table of Contents



Audit Committee
  Audit Committee Financial Expert
  Code of Ethics
  ir@cronos.com
 Section 16(a) Beneficial Ownership Reporting Compliance
  39




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##### Table of Contents



Item 11. Executive Compensation
    Cash Fees andName
    
    Description
    
    Distributions1)
    
    CCL
    
    Base management fees  equal to 7% of
gross lease billings from the leasing of
containers subject to leases whereby the
aggregate rental payments due during the
initial term of the lease are less than
the purchase price of the equipment
subject to the lease pursuant to Section
4.3 of the Limited Partnership Agreement
    
    $
    79,5682)
    
    CCC
CCL
    
    Reimbursed administrative expenses -
equal to the costs expended by CCC and
its affiliates for services necessary
to the prudent operation of the Partnership
pursuant to Section 4.4 of the Limited
Partnership Agreement
    
    $11,077
$72,7373)
    
    CCC
    
    Interest in Fund  5% of distributions
of distributable cash for any quarter
pursuant to Section 6.1 of the Limited
Partnership Agreement
    
    $
    69,448
 40




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##### Table of Contents



Item 12.
    
    Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters
         
 Item 13. Certain Relationships and Related Transactions, and Director Independence
         41




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##### Table of Contents



Item 14. Principal Accountant Fees and Services
  Audit Fees
  Audit-Related Fees
  Tax Fees
  All Other Fees
  42




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##### Table of Contents



PART IV
 
 Item 15. Exhibits and Financial Statement Schedules
 Page(1)
    
    Financial StatementsReport of Management on Internal Control over Financial Reporting
    
    
    22Report of Independent Registered Public Accounting Firm
    
    
    23(2)
    
    The following financial statements of the Partnership are included in Part II, Item 8:Balance Sheets  as of December 31, 2007 and 2006
    
    
    24Statements of
Operations  for the years ended December 31, 2007, 2006 and 2005
    
    
    25Statements of
Partners Capital  for the years ended December 31, 2007, 2006 and 2005
    
    
    26Statements of Cash
Flows  for the years ended December 31, 2007, 2006 and 2005
    
    
    27Notes to Financial Statements
    
    
    28
   ExhibitNo.
    
    Description
    
    Method of Filing3(a)
    
    Limited Partnership Agreement of the
Partnership, amended and restated as of
September 12, 1988
    
    *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 Certifications
    
    Filed with this document ****
 
 *
    
    Incorporated by reference to Exhibit A to the Prospectus of the Partnership dated September
12, 1988, included as part of Registration Statement on Form S-1 (No. 33-23321)**
    
    Incorporated by reference to Exhibit 3.4 to the Registration Statement on Form S-1 (No.
33-23321)***
    
    Incorporated by reference to Exhibit 10.2 to the Registration Statement on Form S-1 (No.
33-42697)****
    
    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. 43




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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. Tietz

Dennis J. TietzPresident and Director of Cronos Capital Corp. (CCC)Principal Executive Officer of CCC
   Signature
    
    Title
    
    Date/s/ Dennis J. Tietz

Dennis J. Tietz
    
    President and Director of
Cronos Capital Corp. (CCC)
(Principal Executive Officer of CCC)
    
    March 7, 2008/s/ John Kallas

John Kallas
    
    Vice President-Secretary/Treasurer
and Director of CCC
    
    March 7, 2008/s/ Frank P. Vaughan

Frank P. Vaughan
    
    Vice President, Chief Financial
Officer and Director of CCC
(Principal Financial and Accounting
Officer of CCC)
    
    March 7, 2008/s/ Peter J. Younger

Peter J. Younger
    
    Vice President and Director of CCC
    
    March 7, 2008




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##### Table of Contents



Exhibit Index
 ExhibitNo.
    
    Description
    
    Method of Filing3(a)
    
    Limited Partnership Agreement of the
Partnership, amended and restated as of
September 12, 1988
    
    *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 Certifications
    
    Filed with this document ****
 
 *
    
    Incorporated by reference to Exhibit A to the Prospectus of the Partnership dated September
12, 1988, included as part of Registration Statement on Form S-1 (No. 33-23321)**
    
    Incorporated by reference to Exhibit 3.4 to the Registration Statement on Form S-1 (No.
33-23321)***
    
    Incorporated by reference to Exhibit 10.2 to the Registration Statement on Form S-1 (No.
33-42697)****
    
    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.