Synopsis
Excerpt from Cost Structure and Period Rates, for Oil Tankers
RS is not equivalent to the empirical market short - run rate because the market short - run rate may reflect at any moment of time market imper fections. We are here concerned with a rate that is based on the long - run supply schedule of the industry. It includes the minimum necessary return to guarantee replenishment of the required investment and also reflects the normal condition of uncertainty of employment. To the extent that no one will be encouraged to invest unless he expects to earn the minimum necessary return on his investment, RS may be based on the long - run cost of the marginal block of vessels at the time the transaction takes place.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Excerpt from Cost Structure and Period Rates, for Oil Tankers
RS is not equivalent to the empirical market short - run rate because the market short - run rate may reflect at any moment of time market imper fections. We are here concerned with a rate that is based on the long - run supply schedule of the industry. It includes the minimum necessary return to guarantee replenishment of the required investment and also reflects the normal condition of uncertainty of employment. To the extent that no one will be encouraged to invest unless he expects to earn the minimum necessary return on his investment, RS may be based on the long - run cost of the marginal block of vessels at the time the transaction takes place.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"About this title" may belong to another edition of this title.
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Cost Structure and Period Rates, for Oil Tankers (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book delves into the factors that influence long-term charter rates for oil tankers, providing a comprehensive model that considers various risk premiums and efficiency variables. The author examines the historical and economic context of the tanker market, exploring the impact of supply and demand dynamics, technological advancements, and market expectations. The book offers a detailed analysis of the different risk premiums that affect long-term rates, including the risks of underemployment, unemployment, and brokerage fees. It also examines how the loan value of time charter agreements and the efficiency of vessels influence the determination of rates. Through statistical analysis and case studies, the author demonstrates the practical application of the proposed model, highlighting its ability to predict long-term charter rates with accuracy. Overall, this book provides valuable insights into the complex factors that shape the tanker market, making it an essential resource for industry professionals, researchers, and anyone seeking to understand the dynamics of long-term charter rates. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332256655_0
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Cost Structure and Period Rates, for Oil Tankers Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332256655
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Cost Structure and Period Rates, for Oil Tankers Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332256655
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