Question: Which of the following three statementsWhich of the following three statements about ship prices applies only to ships purchased

Question: Which of the following three statementsWhich of the following three statements about ship prices applies only to ships purchased in the NEWBUILDING market (i.e. not the second hand market)?
A. The ship price is determined by market forces and is constantly changing
B. The ship is paid for by a series of “stage payments”
C. Prices are generally quoted in US dollars
Correct Answer: B. The ship is paid for by a series of “stage payments”. Explanation: Option A is true for both New-Building market and the second-h…View the full answer