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In January 2001, Mary Linn, vp of finance for Ocean Carriers, a shipping and delivery business with workplaces in New York and Hong Kong, was analyzing a proposed lease of a ship for a three-yr time period, starting in early 2003. The customer was desperate to finalize the deal to satisfy his possess commitments and offered pretty beautiful phrases. No ship in Ocean Provider's recent fleet achieved The client's requirements.
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The organization Procedure relies on time - possibly chartering the vessels on a "time charter" basis or often utilizing a "location charter." Daily place use charges are anticipated to decline in 12 months 2001
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