REPORT ON CAPESIZE PURCHASE FOR OCEAN CARRIERS Introduction The purpose of this report is To judge irrespective of whether Ocean Carriers Inc. ought to straight away commission a fresh capesize provider that may cost $39 million, and might be completed two many years for this reason, in an effort to finalize a lease of your ship for A 3-yr interval with a possible charterer in Superb faith.
We make 2 distinct assumptions. First, think that Ocean Carriers can be a U.S. organization issue to 35% taxation. Next, assume that Ocean Carriers is found in Hong Kong, in which homeowners of Hong Kong ships aren't required to shell out any tax on income manufactured overseas and are also exempted from paying any tax on earnings manufactured on cargo uplifted Hong Kong.
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Ocean Carriers Inc., a shipping enterprise with places of work in Ny and Hong Kong, owned and operated capesize dry bulk carriers that largely carried iron ore worldwide. The manager was analyzing a proposed lease of a ship for A 3-yr interval, beginning in early 2003.
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