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Essay

finance--Ocean Carriers Inc

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Charles P

 

Date added:

June 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1329

 

Was viewed:

3990 times

 

Rating of current essay:

 
Essay content:

The customer would begin utilizing the ship in 2003. In 2001, Ocean Carriers did not have a ship that would meet the needs of this customer, and thus was considering purchasing a new capsize carrier to be leased to the customer. The vice president of finance for Ocean Carriers was also interested in looking at the corporate policy of scrapping a vessel after 15 years, even though such vessels have a product life of 25 years...
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We utilized the given expected daily hire rate to calculate the revenue that could be expected over the lifetime of this vessel. We chose to use the expected daily hire rate because it most accurately represented Ocean Carrier?¦s future cash flows: the contract terms in years 1-3 once the vessel is complete, and then expected rates in years 4-25...
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General issues of this essay:
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