A Work Around – Seller’s Credit

It is obvious that that the best outcome in terms of value is to sell an “old lady” as a trading vessel rather than to scrap it. With their long expected useful lives and easy cargo, car carriers are such viable sales candidates and therefore it is no surprise that the Norwegian Car Carrier’s 51% controlled company, Bergshav Car Carriers K/S, announced the sale of the 1988 built car carrier Hyundai No. 203 as part of its fleet upgrading process.

This is only an excerpt of A Work Around – Seller’s Credit

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