<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) December 18, 1997
ICON Cash Flow Partners L.P. Seven
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 33-94458 13-3835387
- --------------------------------------------------------------------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification
Number)
600 Mamaroneck Avenue, Harrison, New York 10528-1632
----------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(914) 698-0600
----------------------------------------------------
(Registrant's telephone number, including area code)
<PAGE>
ITEM 2 - Acquisition or Disposition of Assets.
On December 18, 1997 ICON Cash Flow Partners L.P. Seven (the "Registrant")
disposed of the interest beneficially owned by it ("Interest") in the residual
value of two U.S. registered offshore supply vessels, the m.v. Oxy One and m.v.
Oxy Two ("Vessels") owned by Energy Land Incorporated of Duluth, Minnesota. The
disposition of the Interest occurred in connection with the sale of the Vessels
to Hvide Marine, Inc. which transaction closed on such date. The Vessels had
theretofor been chartered by Occidental Equipment and Services, Inc. which
charter also terminated on such date. The Interest had been acquired by the
Registrant on April 9, 1997 for a cash purchase price of $3,430,000. The
Interest was disposed of for total cash proceeds received by the Registrant of
$5,864,138.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
ICON Cash Flow Partners L.P. Seven
By: ICON Capital Corp.
Its General Partner
By: /s/ John L. Lee
---------------------------
Assistant Secretary
Dated: January 2, 1998
