When Associated with Ship Financing,a Time Charter Is

question 46

Multiple Choice

When associated with ship financing,a time charter is:

• A)a charter in which the operating company is responsible for all operating,insurance and maintenance costs associated with the ship.
• B)a charter in which the operator rents the ship for a specific period and the owner bears the costs and risk.
• C)a charter in which the operator rents the ship for a specific period and the lender bears the costs and risk.
• D)a charter in which the operator rents the ship for a specific period and the ship operator bears the costs and risk.

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Definitions:

Generation X

Refers to individuals born between 1964 and 1979.

Generation Y

Refers to individuals born between 1980 and 1995.

Generation X

The demographic cohort born between the mid-1960s to early 1980s, known for its entrepreneurial spirit and adaptability to technology and change.

Generation Y

Refers to the demographic cohort following Generation X, typically born between the early 1980s and the mid-1990s to early 2000s.