Catchword: sale and manage back
Part of speech:
n. The part of speech reflects that used in the
full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: Vard, Kloster’s parent, is planning a wholesale sell-off of assets to tackle its mountain of debt. What is more saignificant [sic] is that Kloster will keep operational management of the ship for a two-year period, which may well be extended if things go well. A sort of “sale and manage back’ arrangement into which some industry majors might be tempted for their older tonnage.
Article or Document Title:
“One ship line”
Article, document, publication, web site:
Lloyd’s List
Publishing location:
U.K.
Date of publication:
Apr. 29, 1994
Page number:
5
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