Ocean carier
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Title: Ocean carier

Essay Details:

Subject: Business
Author: Donald W
Date: June 9, 2015
Level: University
Grade: A
Length: 2 / 394

Essay text:

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...

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