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In January 2001, Mary Linn, vice president of finance for Ocean Carriers, a shipping and delivery company with places of work in New York and Hong Kong, was evaluating a proposed lease of a ship for a three-calendar year time period, commencing in early 2003. The customer was eager to finalize the contract to fulfill his individual commitments and presented pretty eye-catching phrases. No ship in Ocean Provider's existing fleet met the customer's requirements.
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The duration with the leasing deal is very quick, so the business has to investigate whether or not the financial commitment in a brand new my response capesize provider will establish to be worthwhile. The corporation operates and owns capesize dry bulk carriers, which happen to be applied to transport iron ore and coal all over the world.
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Ocean Carriers gets a lease to get a ship over 3 many years setting up in 2003. Even so, the corporate at present won't maintain skilled ships that can meet customers’ demand. Our report is not simply to aid Ms.