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Ocean carier
Essay specific features
Written by:
Jill F
Date added:
December 18, 2013
Level:
University
Grade:
A
No of pages / words:
2 / 394
Was viewed:
2791 times
Rating of current essay:
Essay content:
The daily hire rate is their source of income in the business, so if the rate failed to provide adequate funding to pay off the companies operating expenses, then company would fail.
Finally we the length of the lease, which itself is a huge determination of the daily labor rate. If the leases were short term, such as one year, then daily labor rates, especially for those projects that required the firm to purchase/contract another vessel for distribution, would be significantly higher in order to provide a buffer in case demand was not high enough in the future to lease the vessel out again and make the investment worth the risk...
displayed 300 characters
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If the leases were short term, such as one year, then daily labor rates, especially for those projects that required the firm to purchase/contract another vessel for distribution, would be significantly higher in order to provide a buffer in case demand was not high enough in the future to lease the vessel out again and make the investment worth the risk...
displayed 300 characters
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