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Covenant Defaults, Reserves and Write-offs

It speaks volumes that the editors at Marine Money did not ask about covenant defaults in the 2007 survey. At the height of the boom, trees would grow to the sky, and vessels could be financed 100% because they’d be worth more next month.

This is only an excerpt of Covenant Defaults, Reserves and Write-offs

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Written by: | Categories: Marine Money | April 1st, 2011 |

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